Venmo, the mobile wallet service owned by PayPal Inc., said that customers can now make instant money transfers from the app to their bank accounts for a small fee, according to a blogpost. 

The announcement follows the original January 2018  launch of Venmo's instant transfer feature to allow customers to send money to their Visa and Mastercard debit cards for a 1% fee, with a minimum fee starting at 25 cents and the maximum fee topping out at $10. 

The new bank transfer feature will charge the same fee, however, customers will still be able to make standard 1-3 day transfers for no charge. 

Cover image courtesy of Venmo.