Skip to main content

Why did Cleo make a small deposit and withdrawal to my bank account?

Explains why you might see a very small amount of money go in and back out of your bank account from Cleo.

L
Written by Lily Winnan
Updated over a month ago

You might spot a very small amount of money (usually under $1) move in and out of your bank account - or sometimes out first, then back in. Don’t worry, it’s not a glitch in the matrix.

It’s just a quick bank verification to check your account is active and belongs to you.

This helps:

  • Confirm the bank account is actually yours

  • Make sure payments go through smoothly

  • Keep everything above board with banking rules

You don’t need to lift a finger. The deposit and withdrawal will cancel each other out automatically.

Will a bank verification affect my bank balance?

Nope. The amount is tiny and goes straight back out. You won’t lose or gain any money, it’s just a verification step.

Do I need to do anything?

Nada. Zip. Zilch.

No action needed! Once you’ve approved the bank verification, the rest happens automatically. In your banking app, you’ll see the transactions listed in your transaction history as ACCTVERIFY.

Will a bank verification delay my cash advance?

Nope, you’ll still get your money right away.

It’s just how your bank details are checked, it won’t block or slow down your access to cash.

Did this answer your question?