You can add to or withdraw from your savings account at any time.
What this means
You can move funds between the following:
- your LemFi wallet
- your savings account
Funds must be transferred through your wallet (not directly from or to an external bank account).
What you should do
To add money:
- Log in to your LemFi app.
- Select "Savings" under the Services section of the homepage.
- Tap "Add" below your balance.
- Enter the amount you want to deposit
- If you would like to add funds directly from your linked bank account, click on "Change" and select "Instant bank transfer".
- Follow the prompts
To withdraw money:
- Go to your Savings account
- Tap Move
- Enter the amount
- Confirm the withdrawal to return funds to your main wallet.
What to expect
- You can start saving from as little as £1 (maximum transaction depends on your GBP wallet transaction limit)
- Deposits are processed quickly and begin earning interest shortly after
- Withdrawals are free and usually arrive in your wallet instantly
In some cases, withdrawals may take longer due to processing checks
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