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How do recurring deposits work?
How do recurring deposits work?
Written by Jeff Johnson
Updated over a week ago

Recurring deposits are a great way to build your savings and get more chances to win. You can also set up recurring deposits directly into your Buckets. To set a new recurring deposit, follow these steps:

  1. Tap the "Settings" icon (the gear icon on the bottom right).

  2. Tap "Transfers".

  3. Tap "Recurring Transfers".

  4. Tap "New" to start a new recurring deposit.

  5. Choose which Bucket you would like the recurring transfer to deposit into— either your Core Account or a specific Bucket.

  6. Choose an amount and a cadence for how often you want the automatic deposit to happen (for example, every week, every two weeks, or every month).

  7. Tap "Create Recurring Transfer".

To pause or cancel a recurring transfer, follow these steps:

  1. Tap "Savings" (the gear icon at the bottom of the screen).

  2. Tap "Transfers".

  3. Tap "Recurring Deposits".

  4. Select the recurring deposit you wish to cancel.

  5. Tap the three-dot icon at the top-right of the screen.

  6. Tap "Pause Recurring Transfer" or "Cancel Recurring Transfer".

  7. In the pop-up window, tap "Yes, I'm sure" to confirm.

The very first deposit will happen the same day you set recurring deposits.

Are there limits on how many recurring deposits I can set up?

  • Nope. There are no limits on the number of recurring deposits you can set up into Buckets.

Can I set up recurring deposits between Buckets?

  • You can. You can choose to set up recurring deposits between your connected bank account and a Bucket, or between any two Buckets you've created.

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