How Lump works
Lump turns a single deposit into a stream of guaranteed daily payments. Choose how much you want to receive each day, pick a duration, fund it once, and watch it arrive every morning.
How much can I receive each day?
Between $5 and $300 per day, in $5 increments.
How long can a Lump last?
From 3 to 30 days. You choose the start date and the duration.
When are deposits delivered?
Every morning before 8 AM ET, until your Lump is complete.
Can I send deposits to someone else?
Yes. Just tell us which Interac email address to send the deposits to and the recipient's full name as it appears on their bank account. It doesn't have to be your own.
What if Autodeposit is not enabled on the recipient email?
Each Lump gets a unique 5-digit Lump code. Daily deposits use the Interac security question "Enter your Lump code" and that code as the answer. You can find your Lump code on your My Lump page.
How can I fund my Lump?
After you verify your identity, you can fund through Interac e-Transfer (no Lump fee), cards and mobile wallets such as Visa, Mastercard, Google Pay, and Apple Pay (15% Lump fee), or Klarna and Afterpay (20% Lump fee).
Do I need to verify my identity before funding?
Yes. Every member must complete identity verification (KYC) with Persona before funding a Lump by any method, including Interac, cards, wallets, Klarna, and Afterpay.
Can I cancel a Lump?
Yes. You can cancel your Lump and receive your unused funds back without penalties subject to processing times depending on the funding method used. Lumps funded through Interac are returned within 3 business days while cards and pay later services can take up to 14 business days.
Is Lump regulated?
Yes. Lump Financial Services is registered with FINTRAC, Canada's Financial Intelligence Unit.