Your initial deposit is $48. The deposit is your pledge to your community as a promise-to-pay - it lets them know that when expenses are submitted, the funds are ready and available for sharing. When you join our community, you provide this refundable deposit that secures your spot in a cost-sharing group. Small portions of the deposit are drawn only when expenses are submitted. If your community has a good month of few expenses, you’ll pay little to other group members. At the end of each month, you will refill your deposit balance back to the $48 amount. However, in any given month, you will never contribute more than $48!
Important to remember - when you join a group, you make a 1-year commitment to share expenses with other members. If you choose to leave before that time, you will forfeit your $48 deposit.