Bank-transfer Archives - HuginX

Bank-transfer

One way to get paid from paid survey sites is through a bank transfer. Direct bank transfer means that money is sent directly to your account, eliminating the need for third parties and offering a secure way to receive payment. Some US survey sites require that you provide your W-9 form for tax purposes, so be aware of this. Another thing to consider is how long it takes to process your withdrawal which can vary from one day to a week. Also, many survey sites typically only process payment requests when they reach a minimum payout threshold.

Pay attention to payment thresholds

We also recommend paying close attention to each survey site’s minimum payout amount. Some consumer panels pay less than $1 per completed survey, and the minimum redemption level can often be as high as $20, which means you need to take A LOT of surveys before you can finally get paid. The redemption often needs to be initiated by the user, and you’ll be amazed by how many forget to transfer the cash they are entitled to. So don’t forget to fill in your bank details and request the transfer as soon as you reach the minimum redemption level.

Earn cash straight to your bank account

The advantage of bank transfers is that you get cash directly in your bank account without any wallet or third party in the middle. You don’t need to sign up for any payment services, and you can spend the cash on whatever you prefer instead of other rewards options like vouchers and gift cards where you need to spend the cash in specific stores. On the other side of the coin, not everyone will be comfortable sharing their bank details with survey sites. Luckily most online panels offer a range of payment methods, which means you will easily find a redemption option you feel comfortable with.

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