This release is from September 3, 2026. The rates and terms it describes applied on that date and may have changed since. Current rates and terms are at tellusapp.com.
MOUNTAIN VIEW, Calif., Sept. 3, 2026 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, today launched a faster withdrawal option, which sends money over the Federal Reserve’s FedNow Service. Eligible customers whose linked bank participates in FedNow can now choose an Instant withdrawal in the Tellus app on iOS and Android.
Until now, every Tellus withdrawal used standard bank transfers, which take several business days. With the Instant option, customers can send money to their bank when they need it, and it can arrive within minutes when their bank participates in FedNow. Customers decide each time whether speed is worth the fee, or whether the free standard option works for them.
What customers get:
- A choice of speed. When instant delivery is available for their bank, customers choose between Standard, which is free and arrives within 3–5 business days, and Instant, which can arrive within minutes.
- The fee up front. Instant withdrawals carry a fee, shown on the speed selection and confirmation screens before the customer confirms. In some cases Tellus may waive the fee. When it does, Instant is the only option shown.
- Only options that are available. Tellus checks the customer’s bank and shows only the transfer speeds available at the moment they withdraw.
- A clear summary. The confirmation screen shows the amount, the fee, what the customer will receive and when it should arrive.
- A backup if the bank is slow. If the customer’s bank takes longer to post an instant transfer, for example because of extra checks on the bank’s side or weekend processing, the funds should still be available within one additional business day. The customer does not need to do anything.
How it works:
- The customer opens Withdraw money, picks their linked bank account and enters an amount.
- If their bank supports instant delivery, they choose Standard or Instant and see the fee for each.
- They review the confirmation screen and authorize the withdrawal.
- A Frequently Asked Questions screen, reached from the speed selection screen, explains transfer speeds and fees.
Instant withdrawals are available to eligible customers whose linked bank participates in the FedNow Service. Customers whose bank does not yet participate continue to see standard withdrawals. More banks are expected to join FedNow over time. Arrival times are estimates, and final posting times depend on the customer’s bank.
The Tellus app is available on the App Store and Google Play.
About Tellus
Tellus App, Inc. is a proptech company headquartered in Silicon Valley. The Tellus savings app helps people save with cash accounts powered by real estate, and gives independent landlords property management software. Get more details in our How it Works page.
Tellus is not a bank. Tellus is not FDIC-insured. The Tellus Deposit Account is established by Central Bank of Kansas City, Member FDIC. Tellus Deposit Account funds are FDIC-insured through Central Bank of Kansas City. FDIC insurance limitations apply. Visit FDIC and refer to the Tellus Deposit Account Agreement for more details.
Rewards on Tellus’s non-deposit accounts vary and are determined by each customer’s actions and choices in the app.
See www.TellusApp.com for full terms and conditions.
Media contact: press@tellusapp.com
