What is a “Target Balance?" How do I change the Target Balance for my external accounts?

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

Flourish SmartBalance allows you to set a Target Balance for your existing checking account, and Flourish will move money into or out of that account every two weeks to maintain the Target Balance. To avoid moving money if the actual balance only differs from your desired balance by a small amount, Flourish Cash will specify a Target Balance Range that varies from the Target Balance you set (the lower bound) to 5% above that Target Balance (the upper bound). When we do transfer money, we will transfer an amount equal to the difference between the balance of the checking account and the mid-point of this Target Balance Range.

Once your account has been set up, changing the Target Balance is simple:

1.  From the main dashboard, click “Manage” next to the desired Flourish Cash account.

2. On the “Activity” page, find the “Pending Transfers” section.

3. Click on the “Settings” link found towards the end of the SmartBalance entry.
4. Modify the target balance as desired.
5. Click “Save changes” and then “Done” to complete your update. 

You can learn more about Flourish SmartBalance here.