Withdrawals from a LemFi savings account typically take 2-3 hours to arrive in the main account but may show as "pending" or "in progress" for longer due to manual reviews for regulatory compliance, security checks, or communication delays with partner banks. These checks are standard procedures.
What this means
- Payments can be flagged for review, often requiring extra time to ensure compliance.
- Rare technical difficulties between LemFi and the partner bank (ClearBank) can cause delays in transferring funds.
- You may be asked for identification or documentation (such as proof of funds).
- If LemFi deems a transaction risky, they may put a hold on it.
What you should do
- Wait: The status should change to "Successful" or "Failed" within 24 hours.
Check Requirements: Ensure you are withdrawing to your designated "wallet," as this is the only permitted method
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