How do I transfer funds to or from Prosper?
Go to "My Account > Accounts", and click on "Transfer money". You'll be asked to make the following choices:
- Amount: Enter the amount that you wish to transfer. You can transfer between $25 and $100,000 at one time.
- Direction and account: Choose the direction (to or from Prosper) and the bank account from which funds will be transferred. If you need to, add a bank account.
- Transfer start: Choose the date that you want your transfer to start.
- Now: Choose this option if you want your transfer to start as soon as possible. Note that your transfer may still take several days to complete.
- On a specific date: Choose this option if you want your transfer to start on a future date, up to 3 months in the future.
- Every week or month: Choose this option if you want your transfer to start every week or month on the date you specify, for the specified period of time.
- Should complete: After filling out the other fields on this page, this field will show you the date and time when you can expect your transfer to complete.
You will be asked to confirm your transfer and authorize the withdrawal or deposit to your external account.
Once you have confirmed the transfer, if the start date is today, the transfer will be initiated. Transfers with future start dates will be initiated on the specified start date.
What is an instant transfer? 
When a transfer to Prosper meets certain requirements, funds are made available in a lender's Prosper account instantly, with no delay.
Requirements for instant transfer:
- Transfer amount must be between $500 and $10,000
- Sum of pending transfers must be <20% of lender's active loan value
- Your active loan value must be at least $2,500
How does installing Prosper's Facebook application speed things up?
When you install Prosper's Facebook application and link it to your Prosper account, we relax the requirements for allowing instant transfers as follows:
- Transfer amount must be between $50 and $20,000
- Sum of pending transfers must be <50% of lender's active loan value
- Your active loan value must be at least $100
Click here to install the Prosper Facebook application.
How long does a normal transfer to Prosper take?
Unless your transfer is eligible for instant transfer (see above), it takes four business days to complete a normal funds transfer from your bank account to Prosper.
The transfer processing calendar is based on banking business days. Weekends and bank holidays do not count as business days. With regard to holidays, if the holiday falls on Saturday, it is not observed, and if the holiday falls on Sunday, it is observed on the following Monday. Holidays include: New Year's Day, Martin Luther King Day, Presidents' Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans' Day, Thanksgiving, and Christmas.
Transfers are only processed on business days as defined above. A transfer is processed on the same day if the request is received before 3:00 PM Pacific time; otherwise it is processed on the following business day. Use the table below to estimate the transfer completion date and time.
| Transfer completion day and time |
(all times Pacific) |
| Start day |
Start time |
End day & time |
| Monday |
Before 3:00 PM |
Thursday, 9:30 AM |
| After 3:00 PM |
Friday, 9:30 AM |
| Tuesday |
Before 3:00 PM |
Friday, 9:30 AM |
| After 3:00 PM |
Monday, 9:30 AM |
| Wednesday |
Before 3:00 PM |
Monday, 9:30 AM |
| After 3:00 PM |
Tuesday, 9:30 AM |
| Thursday |
Before 3:00 PM |
Tuesday, 9:30 AM |
| After 3:00 PM |
Wednesday, 9:30 AM |
| Friday |
Before 3:00 PM |
Wednesday, 9:30 AM |
| After 3:00 PM |
Thursday, 9:30 AM |
| Saturday and Sunday |
Any time |
Thursday, 9:30 AM |
Why does it take so long to transfer funds to Prosper?
Because transfers only occur on business days, and Prosper only initiates transfers once a day at 3:00 PM Pacific Time, your transfer may take longer than you expect based on when it starts and how many weekends and holidays are coming up.
Here's what happens behind the scenes when you transfer funds from your bank account to Prosper:
Day 0: You initiate a transfer of funds
If Day 0 is a Friday after 3:00 PM, then Day 0 is actually the following Monday. If Monday is a bank holiday, then Day 0 is actually Tuesday.
- Day 1: Funds are withdrawn from your bank account
- Day 2-3: Funds are received by Prosper and Prosper waits for the 3-day ACH return window to close before making funds available in your account. Because any funds transfer can be cancelled or marked failed within 3 business days by your bank, Prosper does not give you access to these funds until the transfer cannot be cancelled. This added wait is standard practice for electronic funds transfers and provides an added level of security for funds in your external bank account.
- Day 4: Funds will be available in your cash balance for bidding after 9:30 AM on this day.
The money already came out of my bank account, but hasn't appeared on Prosper yet. What's going on?
Based on the ACH funds transfer schedule (see above), funds you transfer to Proper will leave your bank account two days before they are made available to you on Prosper. This delay is typical and to be expected.
The reason for the delay is that Prosper waits for the 3-day ACH return window to close before making funds available in your account. Because any funds transfer can be cancelled or marked failed within 3 business days by your bank, Prosper does not give you access to these funds until the transfer can no longer be cancelled. This added wait is standard practice for electronic funds transfers and provides an added level of security for funds in your bank account.
How much can I transfer at once?
You can transfer as little as $25 and up to $100,000 at one time.
Can I cancel a funds transfer?
You can only cancel a funds transfer which is not yet processing (that is, a status of "Scheduled"). Go to "My Account > Accounts", click on "View transfers", and then click "Cancel" next to the transfer that you want to cancel.
Are there any fees for funds transfers?
Nope.
What method does Prosper use for transfers?
Bank transfers are done through an ACH (Automated Clearing House) transfer. ACH is a system of the U.S. Federal Reserve Bank that provides electronic funds transfer between banks. It is the same kind of fund transfer transaction that is used for direct deposit of paychecks, for example. Funds from ACH transfers may take two to four business days before they become available in the destination account.
Where can I see my previous transfers?
Go to "My Account > Accounts" and click on "View transfers". You will be able to see the details of all your past transfers on this page.
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