Can you cash out same day with DoorDash? The answer is yes, you can cash out the same day with DoorDash.
To do this, you can use a feature that DoorDash offers called Fast Pay. If you use Fast Pay, you’ll be able to cash out your earnings immediately and get them to your bank account on the same day. It does come with a small fee ($1.99 to cash out your earnings using Fast Pay) but that can be worth it if you’re in a position where you need the money right away.
In this post, we’ll briefly look at how you can cash out same day with DoorDash and what the requirements are to do so.
Can You Cash Out Same Day With DoorDash?
As previously mentioned, yes, you can cash out same day with DoorDash by using a feature that DoorDash offers called Fast Pay.
Setting up Fast Pay is easy. To do so, first, you’ll go into the Dasher app and add your debit card into the Fast Pay setup section. Below is a screenshot of the Fast Pay setup screen in the Dasher app.
In addition to linking a debit card, you also have to meet the following requirements:
- You’ve completed at least 25 lifetime deliveries
- You’ve been on the DoorDash platform for at least two weeks (14 days) since activation
- You set up Fast Pay and added your debit card at least 7 days ago, so the 7-day processing period is no longer in effect
- You haven’t updated your debit card information within the past 7 days (including re-entering your debit card information)
DoorDash has these requirements in place to help prevent fraud. If someone gains access to your account, they won’t be able to cash out your earnings immediately since they have to wait 7 days if they change the Fast Pay account information. That’ll give you time to cancel the request and get your account back before your earnings are stolen.
Should You Cash Out?
You can cash out your earnings once per day. The clock resets at midnight of each day, so if you cash out your earnings, you won’t be able to cash out again until after midnight.
The question to consider is whether you should cash out. Cashing out your earnings using Fast Pay does cost money. You’ll have to pay $1.99 for each time you use the cash-out option (if you wait for the normal weekly payout, it’s free).
In general, I recommend not cashing out your earnings if you can help it. While $1.99 might not seem like much money, out of principle, you shouldn’t pay money to get access to your own money. If you’re in a pinch, then paying the fee to cash out can be worth it, but ideally, you want to do your best so that you can handle getting your earnings once per week.
Will The Money Appear On The Same Day?
One thing to note is that while you can cash out same day with DoorDash, you do still have to consider whether the money will actually appear in your bank account the same day. DoorDash will process your cash-out request immediately, but your bank might still take a day or two to process the cash-out.
If you want to get your money faster (potentially on the same day), then you’ll want to use a bank that pays early. Lili is an excellent option for a business checking account geared towards gig economy workers and freelancers. SoFi Money is also another great free bank account that pays early. I’d recommend using any of them.
Hope that info helps! Let me know if you have any questions!