When you sell items on Poshmark, the earnings from your sales are held in your Poshmark account balance. You can withdraw your earnings to your bank account at any time by initiating a transfer from your Poshmark account. The transfer process typically takes a few business days to complete, and the funds will be deposited directly into your designated bank account. Poshmark charges a small fee for each transfer, so it’s recommended to withdraw larger amounts less frequently to minimize fees.
Poshmark Direct Deposit
Once you have made a sale on Poshmark, you can withdraw your earnings through direct deposit. Here’s how it works:
- Go to your Poshmark account and click on “My Balance”.
- Enter the amount you want to withdraw.
- Select “Withdraw to Bank Account”.
- Enter your bank account information.
- Click “Withdraw”.
Your withdrawal will be processed within 2 to 3 business days. Once it is processed, you will receive an email confirmation and the funds will be deposited into your bank account.
Here are some important things to keep in mind about Poshmark direct deposit:
- You must have a valid bank account in the United States.
- The minimum withdrawal amount is $10.
- Poshmark charges a $0.25 fee for each withdrawal.
- You can withdraw your earnings as often as you like.
| Withdrawal Amount | Fee |
|---|---|
| $10 – $99.99 | $0.25 |
| $100 – $499.99 | $0.50 |
| $500 or more | 1% of the withdrawal amount |
Poshmark Bank Account Linking
Once you make a sale on Poshmark, the funds are deposited into your Poshmark balance. You can then choose to withdraw the funds to your bank account.
To link your bank account to Poshmark:
- Go to “My Poshmark” and select “My Balance.”
- Tap “Add Bank Account.”
- Enter your bank account information and tap “Save.”
Once your bank account is linked, you can withdraw your funds at any time.
Withdrawing Funds from Poshmark
To withdraw funds from Poshmark:
- Go to “My Poshmark” and select “My Balance.”
- Tap “Withdraw.”
- Enter the amount you want to withdraw and tap “Withdraw.”
The funds will be deposited into your bank account within 1-3 business days.
Table of Fees for Poshmark Withdrawals
| Withdrawal Amount | Fee |
|—|—|
| Under $5 | $0.25 |
| $5-$15 | $0.50 |
| $15-$25 | $1.25 |
| $25-$50 | $1.95 |
| $50-$100 | $2.95 |
| Over $100 | 2.95% of the withdrawal amount |
Withdrawal Timelines
Once you make a sale on Poshmark, the funds will be added to your Poshmark balance. You can then withdraw the funds to your bank account at any time. The withdrawal process usually takes 1-3 business days, but it can take longer depending on your bank’s processing time.
- Standard Withdrawal: 1-3 business days
- Instant Deposit (Available for eligible sellers): Within 30 minutes
| Withdrawal Method | Processing Time |
|---|---|
| Standard Withdrawal | 1-3 business days |
| Instant Deposit | Within 30 minutes |
Deposit Limits
You’ll need to reach a certain minimum amount in your Poshmark account before you can transfer funds or withdraw earnings to your bank account. This amount is $5.
- Once you attain a balance of $5 or more in your Poshmark account, you can request a direct deposit to your checking account.
- If your Poshmark account is connected to your PayPal account, the money will be transferred to PayPal instead.
- You cannot transfer less than $5 from your Poshmark account to your bank account or PayPal.
Additionally, there are weekly deposit limits in place.
| Account Type | Weekly Deposit Limit |
|---|---|
| New Seller | $2,000 |
| Posh Ambassador I | $10,000 |
| Posh Ambassador II | $15,000 |
These limits apply to all deposits made within a seven-day period, regardless of the number of sales made or the amount earned.
Well, there you have it, folks! Now you know all about how to get your Poshmark earnings into your bank account. If you have any more questions, feel free to drop a comment below and I’ll do my best to help. Thanks for reading, and be sure to check back for more Poshmark tips and tricks in the future. In the meantime, happy reselling!