I just got a notification that a transfer to my bank account failed. What does this mean and what should I do?

Last changed: Wed, 4 Jan, 2017 at 10:44 AM
When Magnius fails to make a transfer to you, it usually means there was an issue with the bank account that you have on file with Magnius. As a result, we also hold all pending transfers to your account until the issue with your bank account is resolved. If you update your bank account to a valid checking account, the failed transfers will be automatically retried. If your current account is already valid and you are not sure why the transfer failed, you should get in touch with your bank to resolve the issue and then manually retry the failed transfers from your dashboard.