How do recurring transfers work and how can I set them up?

This FAQ applies to Flourish Cash. You can review Flourish Crypto FAQs here.

You can schedule automated recurring transfers between your Flourish Cash accounts and any of your linked Checking or Savings accounts at regular intervals. Simply select the amount, timing, frequency for your transfer, such as once a week, once every two weeks, once a month, and you’re on your way. 

You can set up recurring transfers by following these steps:

1) Log in to Flourish at Flourish.com/login

2A) If you have not completed the funding/bank-linking flow, please click on "Fund" next to your Flourish Cash account from the main dashboard to complete this step first

2B) If you've already completed the funding flow, from the main dashboard, please click on “Manage” next to the Flourish Cash account you would like to access

3) From the "Activity" page, click on "Set up Automatic Transfers"

4) Click "Set up" under the “Recurring transfers” section towards the top of the page

5) Modify your recurring transfers settings as desired. Click "Next," and then "Confirm" to save your updates

About recurring transfers:

• The Transfer Date is the day on which your recurring transfer will be submitted. Recurring transfers will generally be scheduled one business day before the indicated transfer date, and will generally settle 1 business day after the Transfer Date. 
• • As an example, if you set up a recurring transfer series on Tuesdays, the timeline will be as follows: 
    • Mondays: the recurring transfer is scheduled, but is editable
    • Tuesdays: the recurring transfer is locked at 8:30pm ET and submitted for processing. This is the Transfer Date.
    • Wednesdays: the recurring transfer transfer is expected to settle, with funds posting to your account.
• Recurring transfers will not be scheduled, submitted or processed on non-business days (i.e., both weekends and bank holidays). 
  • Recurring transfers are always scheduled one business day in advance of the Transfer Date. For example, if the Transfer Date falls on a Monday, the transfer would be scheduled the prior Friday. If the prior Friday happened to be a bank holiday, the recurring transfer would be scheduled the prior Thursday.
  • The Transfer Date must fall on a business day. If your Transfer Date ordinarily would have fallen on a non-business day, the Transfer Date will be pushed to the next business day. For example, if you set up a recurring transfer series on Fridays, and this Friday is a bank holiday, the Transfer Date would be pushed to the following Monday (and the transfer would be scheduled on the prior Thursday, per the above bullet)
• If you set up a monthly Recurring Transfer series that repeats on the 29th, 30th, or 31st of the month, and the month in question does not have 29, 30 or 31 days, we will process your transfer earlier than the indicated date. For example, if you have a monthly Recurring Transfer that repeats on the 31st of the month, the Transfer Date for the month of April will be set to the 30th (unless the 30th is a non-business day, per the above bullets).
• Recurring transfers are subject to the standard Transfer Request Deadline
• You can only have one recurring transfer set up at a time for the same external bank account and Flourish Cash account. 
• Please note that SmartBalance and Recurring Transfers cannot be enabled at the same time for the same external bank account.