What is the difference between a bank transfer and an Instant deposit?

With a bank transfer, you need to log in to your bank account and manually enter a sort code and account number to deposit money into your Wombat account. You can view this information by going to the app > 'Add Money' > 'Make a Bank Transfer'. 

An Instant deposit into an investment account is much faster and can be accessed from within the Wombat app via TrueLayer (which is also regulated by the FCA). You just need to specify how much you want to deposit, select your bank, authorise the deposit to Wombat, and TrueLayer will complete the transaction.