Skip to main content
All Collections2024 Frequently Asked Questions
How fast are transactions on Sling Money?
How fast are transactions on Sling Money?
Updated over 3 months ago

Peer-to-peer transactions on Sling Money and the creation of Sling Links should generally be instant or take at most a few seconds.

The speed of transactions involving bank accounts and mobile money providers will vary based on the type of transaction and the country it's happening in.

In the United States

Adding money with Apple Pay, Google Pay or a debit card should be instant.

Removing money to a debit card takes anywhere from a few seconds to a few minutes.

In the United Kingdom

Adding money with Apple Pay, Google Pay or a debit card should be instant.

Adding money with a bank transfer should take less than a minute, but can sometimes take up to ten minutes.

Removing money with a bank transfer should take about a minute, but can take up to ten minutes.

In the European Economic Area

Adding money with Apple Pay, Google Pay or debit card should be instant.

Adding money with a bank transfer is instant if your bank uses SEPA Instant. Sling Money has no control over whether your bank uses SEPA Instant. If your bank does not use SEPA Instant the process can take up to 48 hours but is usually faster.
โ€‹
Removing money with a bank transfer is instant if your bank supports SEPA Instant. Sling Money will always attempt to use SEPA Instant and will use it if your bank supports it. If your bank does not support SEPA Instant withdrawal by bank transfer can take up to 48 hours.

What is SEPA Instant

SEPA Instant transactions are sent and received in seconds, unlike traditional SEPA transactions which are processed "within seconds."

Some banks or bank accounts may not have support for SEPA Instant, in which case a transaction can take longer to settle to your bank account. If this happens you should contact your bank and ask them to support SEPA Instant.

Removing money using a debit card in the European Economic Area takes anywhere from a few seconds to a few minutes.

In Africa

Adding money using Mobile Money should be instant. Occasionally they may take a few minutes to complete.

Removing money using Mobile Money should be instant. Occasionally they may take a few minutes to complete.
โ€‹

Did this answer your question?