Can a Portion of My Earnings Be Set Aside For Savings?
Yes. We offer two convenient ways to set aside savings – Auto Save and Direct Save.
Note
If you want to withdraw from the money you've recently added to Savings, please see the Withdrawing from Savings article!
Automatic Savings (Auto Save) Feature
Auto Save allows you to set aside a portion of your paycheck so it can automatically be sent to a second bank account of your choice, such as a savings account. You can choose to send this money to your primary bank account or add a different one. These earnings are not included when you check what’s Available Now, but instead are set aside to be sent to your chosen bank account on payday.
How to use Automatic Savings (Auto Save)
1 Log in to your account and navigate to the Settings page
2 On the Settings page, navigate to the section called Automatic Savings
3 Enter the amount you want to set aside each pay period and select the bank account that you’d like those funds to go to on payday
4 Select the “Update Automatic Savings” button
Note
Your earnings that are Available Now will not update/increase until what’s Available Now surpasses the amount you elected to set aside as Automatic Savings. For example, if you choose to set aside $200 every pay period, only after your pay period earnings exceed $200 will your Available Now earnings update.
Direct Save
Direct Save makes saving your own money as easy as an early transfer. This free, one-time savings feature allows you to remove money that you have Available Now as a savings deposit to arrive at the bank of your choice on payday.
How to Use Direct Save
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1 Log in to your account. On the home screen scroll down to the “Savings” panel.
2 Select the "Add to savings" button.
3 In the “How much?" screen, enter the amount you'd like to save for payday, then select "Next".
4 Review the confirmation screen.
5 Select the “Save” button. The money you save is now viewable in the “Savings" panel and will appear in the bank account you chose on the appropriate upcoming payday.
Note
Change your mind? You can empty your savings early using the steps in the “How To Empty My Savings” article.
If you need to make sure a certain amount is saved for payday for all of your upcoming paychecks, not just the next one, try the Automatic Savings Feature instead!