Withdrawing Funds

Like a traditional cash deposit, you cannot access your deposit during your lease. However, any interest you earn can be withdrawn at any time (although we suggest keeping it in your account so it can also earn interest and grow).

At the end of your lease, your landlord notifies Whale of any move-out charges (e.g. damages, missed rent, etc.) and that amount is deducted from your deposit. The remaining balance will be made available to you immediately in your Whale account. No more waiting for checks in the mail!

After moving out, we recommend keeping your money in your Whale account unless you need it as you will continue earning interest for as long as you have money in your account.

Steps to transfer funds

1. Login: Request a secure login link to access your account

2. View Account: Check your available balance. This is what can be withdrawn at this time.

3. Initiate Transfer: Click "Transfer Money" to transfer funds from Whale to another account.

There are no fees to transfer money in or out of your Whale account.