Fee Schedule
Effective January 31, 2026
We believe everyone deserves a chance to build wealth. At Whale, we're transforming an overlooked opportunity—security deposits—into a pathway for investing. We've created a security deposit solution that makes paying, holding, and returning security deposits 100% free for landlords and renters.
However, like banks, some small fees apply for certain account actions. These fees help us cover operational costs, enabling us to offer an interest rate that's 7x the national average and return your deposit instantly after move-out.
You can view our full fee schedule below.
Fee Schedule
| INCOMING TRANSFERS |
| ACH |
Standard (3-5 business days): $0
Expedited (Same Day): $4.99
ACH Return Fee: $25
|
| Zelle |
Standard (3-5 business days): $0
Expedited (Same Day): $4.99 |
| MoneyGram* |
Standard (3-5 business days): $0
Expedited (Same Day): $4.99 |
| Venmo |
Standard (3-5 business days): 2.5% of transfer amount
Expedited (Same Day): 3.0% of transfer amount |
| Wire Transfer* |
Standard (1-5 business days): $0 |
| OUTGOING TRANSFERS |
| ACH |
Standard (3-5 business days): $0
ACH Return Fee: $25
|
| Zelle |
Standard (3-5 business days): $1.99
Expedited (Same Day): $4.99 |
| Venmo |
Standard (3-5 business days): $1.99
Expedited (Same Day): $4.99 |
| Wire Transfer* |
Standard (1-5 business days): $30 |
| Mailed Check |
Standard (5-10 business days): $50 |
| ACCOUNT MAINTENANCE |
| Minimum Balance Fee |
$2.99 per month
You can avoid the minimum balance fee when you meet at least ONE of the following requirements during each statement cycle:
(1) Have at least one "locked" security deposit in your account.
(2) Have an account balance of $250 or more at the end of the month.
|
| Statement copies |
No fee
You can view and print your available statements in the Documents tab.
|
| Account Closure Fee |
$25 or total interest earned on the account (whichever is lower).
|
*Your bank or these providers may charge a fee to use this transfer method.