Disclaimer

Frequently Asked Questions (FAQs) provided on this site are for informational purposes only and are intended to offer an initial understanding of the OnestPay™ platform prior to going live. Please note that these FAQs are indicative and may be updated or modified once OnestPay™ is live. As the app evolves, and new features are introduced, certain details may change to improve user experience and ensure compliance with the latest regulations.

Link Banks, Deposits & Withdrawals


Q1. How do I link a bank account to my OnestPay account?

To link a bank account, navigate to the "Bank Accounts" section in your dashboard. Select "Add Bank Account," choose your bank, and follow the authentication steps to securely link your account.

Q2. Can I link multiple bank accounts?

Yes, OnestPay allows you to link multiple bank accounts for added flexibility in managing deposits and withdrawals.

Q3. Is there a fee for linking a bank account?

No, linking a bank account to your OnestPay account is free.

Q4. How do I deposit funds into my OnestPay wallet?

Go to your dashboard, select "Add Funds," choose your linked bank account, enter the amount, and confirm the transaction. Funds will be credited to your wallet instantly or within a few hours, depending on your bank.

Q5. Is there a fee for depositing funds into OnestPay Account?

No, depositing money to your OnestPay account is free.

Q6. Is there a fee for withdrawing funds from OnestPay Account?

Instant withdrawals typically incur a nominal fee, which is displayed during the transaction process. Delayed withdrawals, processed within 1-3 business days, are often free or incur a minimal service charge. Check the fee schedule in your dashboard for details.

Q7. Can I choose between instant and delayed withdrawals?

Yes, OnestPay allows you to choose your preferred withdrawal method. Instant withdrawals are faster but may have higher fees, while delayed withdrawals are more cost-effective.

Q8. Can I use ATM for deposit and withdrawal from OnestPay account?

No, you cannot use ATMs for deposits and withdrawals to and from OnestPay account.

Q9. How do I withdraw funds from my OnestPay wallet?

Navigate to the "Withdraw Funds" section, select your linked bank account, enter the withdrawal amount, and confirm. Funds will be transferred to your bank account within 1-3 business days.

Q10. Are there any limits on deposits and withdrawals?

Yes, daily and transaction-based limits may apply based on your account type. These limits are displayed during the deposit or withdrawal process.

Q11. How secure is the process of linking bank accounts?

OnestPay uses industry-standard encryption and Multi-Factor Authentication (MFA) to ensure the security of your linked bank accounts.

Q12. What should I do if my bank account details change?

Update your bank account details through the "Bank Accounts" section in your dashboard. Ensure your details are accurate to avoid transaction issues.

Q13. How do I know if my deposit or withdrawal is successful?

You will receive a notification once the transaction is complete. You can also check your transaction history in the dashboard for updates.

Q14. What happens if a deposit or withdrawal fails?

If a transaction fails, the funds will remain in your wallet or bank account. You will be notified of the issue and can retry the transaction or contact OnestPay support for assistance.

Q15. Can I schedule recurring deposits to my wallet?

Yes, OnestPay offers an option to set up recurring deposits. Specify the amount, frequency, and linked bank account, and the funds will be automatically added to your wallet as scheduled.

Q16. Are there additional verification steps for large transactions?

Yes, large transactions may require additional verification, such as submitting identification documents, to comply with security and regulatory requirements.