You've learned how to track your money on Bloom 💸

But how do you add money to Bloom, and how do you take it out?

Let's first talk about deposits -- money that you transfer INTO Bloom.

There are two ways you can add money to your Bloom account: your debit card or bank account 🏦

The main advantage of debit card deposits is that the transfer is instant.

You'll be able to invest the money from your transfer immediately after depositing to Bloom! ⏰

BUT debit card deposits may incur a fee because the card networks charge us (Bloom) to accept card payments.

So on Bloom, you'll be charged up to 3% of the transfer amount when you deposit with a debit card 🏦

Deposits from your bank account, on the other hand, can take up to 2 to 3 business days to land in Bloom.

But, depositing from a bank account has no fee, so it can be more economical over the long term 📈

Plus, Bloom offers instant deposits up to $100, which means that you can invest up to $100 of your bank account deposit immediately -- just like a debit card deposit! ⚡

You can also create recurring deposits to automatically contribute to your investing journey over time ⏳

Most Bloom users set up a recurring deposit every 2 weeks to make sure they're consistently building wealth 👍

Lastly, rest easy because your money on Bloom is protected by bank-grade encryption, and SIPC-insured up to $250k 😇