Sending and transferring money with the Hatch Business Checking account

Can I transfer money to or from my Hatch Business Checking account?

Can I send money using my Hatch Business Checking account?

How long does it take to send or transfer money?

Can I send or receive a wire transfer using my Hatch Business Checking account?

Does Hatch Business Checking accept proceeds of loans from the Paycheck Protection Program (PPP)?

Does Hatch Business Checking accept proceeds of government-backed loans like the SBA, EIDL, SBA 7(a) or others?

Can I link my Venmo account to my Hatch Business Checking account or Hatch Debit Mastercard?

How can I link my Hatch Business Checking account to Venmo?

How can I link my Hatch Debit Mastercard to Venmo?

Can I use Cash App with my Hatch Business Checking account?

How do I link my Hatch Debit Mastercard to my Cash App account?

Can I transfer money to or from my Hatch Business Checking account?

You can transfer money to and from your outside bank account by linking that account to your Hatch Business Checking account.

Can I send money using my Hatch Business Checking account?

You can send money to other individuals through the Send Payment page on your Hatch Dashboard. You will need your recipient's bank routing and account numbers. 

How long does it take to send or transfer money?

Most transfers take between 2 and 4 business days, but can take up to 7 business days:

  • Standard transfers from your Hatch Business Checking account to an external account typically take 2-3 business days.
  • Payments made via third parties (ex: Stripe, Amazon, Square, CashApp, etc) may take up to 4 business days.
  • Transfers from external accounts into Hatch Business Checking accounts usually take 3 business days, but may take up to 7 business days.

Please note that “business days” excludes weekends and bank holidays. Transfers initiated after 5pm Pacific Time may not be initiated until the following business day.

Can I send or receive a wire transfer using my Hatch Business Checking account?

Not at this time. 

Does Hatch Business Checking accept proceeds of loans from the Paycheck Protection Program (PPP)?

No, Hatch does not currently accept proceeds of loans from the Paycheck Protection Program (PPP).

Does Hatch Business Checking accept proceeds of government-backed loans like the SBA, EIDL, SBA 7(a) or others?

Yes, Hatch accepts proceeds of loans from government relief programs like the SBA, Economic Injury Disaster Loan (EIDl), and SBA 7(a), and potentially others (not including the Paycheck Protection Program [PPP]). 

Can I link my Venmo account to my Hatch Business Checking account or Hatch Debit Mastercard?

You can link your Venmo account to your Hatch Business Checking account through a manual bank verification process. You can also link your Hatch Debit Mastercard to send money instantly from your Hatch Business Checking Account to anyone on Venmo.

Note: As of writing you cannot instantly transfer funds in or out of your Venmo account, so all incoming and outgoing transfers on Venmo will take 2-3 business days. We are working with Venmo to resolve the issue and we apologize for the inconvenience.

How can I link my Hatch Business Checking account to Venmo?

You can link your Hatch Business Checking account to Venmo by following these steps:

  1. Open Venmo
  2. Navigate to Settings (from the top right menu)
  3. Select "Payment Methods"
  4. Select "Add bank or card"
  5. Select "Bank"
  6. Select "Manual Verification"
  7. Add your Hatch Business Checking Routing and Account numbers, save and continue.
  8. You will receive two test deposits and two withdrawals from Venmo in your Hatch Business Checking Account. You'll have to navigate back to Venmo's Link Bank Account page to complete the manual link.

How can I link my Hatch Debit Mastercard to Venmo?

You can link your Hatch Debit Mastercard to Venmo by following these steps:

  1. Open Venmo
  2. Navigate to Settings (from the top right menu)
  3. Press "Payment Methods"
  4. Press "Add bank or card"
  5. Press "Card"
  6. Add your Hatch Debit Mastercard Details on the screen. Once completed, your Hatch Debit Mastercard is now linked to your Venmo Account, and you can send money to anyone on Venmo from your Hatch Business Checking Account.

Can I use Cash App with my Hatch Business Checking account?

You can link your Cash App Account to Hatch Business Checking by adding your Hatch Debit Mastercard to your Cash App Account.

Note: We have heard reports that Instant Deposit may not work at this time. We are working with Cash App to resolve this, but in the meantime please select "Standard Transfer". We apologize for the inconvenience.

How do I link my Hatch Debit Mastercard to my Cash App account?

To link your Hatch Debit Mastercard to your Cash App account, follow these steps:

  1. Open Cash App
  2. Select the Home Icon (the leftmost icon)
  3. Select "Linked Accounts"
  4. Select "Add Debit Card"
  5. Add your Hatch Debit Mastercard Details on the screen. Once completed, your Hatch Debit Mastercard is now linked to your Cash App Account, and you can add money or cash out.
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