PayPal has been doing pretty much everything in its power to keep the likes of Apple Pay at bay in the increasingly competitive online and mobile payment market, joining forces with Google on a number of mutually advantageous initiatives, vastly improving its main app, and making it easier and faster to transfer funds to a US bank account.

While Venmo picked up a similar functionality for both iOS and Android devices last year, that only allowed its users to send money to Visa and Mastercard debit cards “within minutes.” Now it’s possible to do the same for actual bank accounts, and once again, the only restriction you need to take into consideration is geographical. Otherwise, you’re looking at (almost) instant transfers in the US for a 1 percent fee that can’t exceed $10 or go under $0.25.

If that feels too rich for your blood, fret not, as the free standard bank transfer option isn’t going anywhere. Just remember that might keep you waiting up to three whole business days. Depending on your bank, an “instant” transfer from Venmo could take up to 30 minutes as well, but unless your funds are frozen for some reason, you will never have to wait a second longer. The feature is being slowly rolled out to iPhones and Android handsets with the latest app version, which means it could take a few weeks before “wide” availability is achieved.