Directly transfer funds to external accounts to pay for expenses (like salaries or invoices). Keep in mind when transferring funds that your daily transfer limit is $10,000 USD and your monthly transfer limit is $100,000 USD.
Transferring money
The first time you transfer money out of HoneyBook Balance, you must add the bank you linked in your HoneyBook account settings as the first transfer recipient. After that, you can add whoever should receive your transfer.
1. Go to the Finance tab in the top navigation menu > select Balance
2. Select Actions > select Transfer money
3. Select the transfer's recipient
a. You can add new recipients at the bottom of the drop-down menu
🔥 Stop
You cannot cancel a transfer once it's begun, so take your time to ensure you're sending the correct amount to the correct recipient before finalizing your transfer.
4. Confirm that the recipient's email is correct (if needed) > select Confirm Details
5. Enter the transfer's amount and reason for transferring > select Next
6. Review the transfer details > select Verify Your Identity
7. Enter the 2FA code > Select Verify Your Identity
8. Select Done
The money transferred will land in the recipient's account within 2–3 business days. If the funds are not received in that time, contact support by selecting the purple question mark ( "?" ) icon in the bottom-right corner of your screen.
Transfer money using the app
Send money to vendors faster and easier by transferring the funds from the app.
From the bottom navigation menu, tap Tools
Under Finance, tap Balance
At the top of your screen, tap the triple-dot menu > tap Transfer money
Enter the code sent to your phone into the 2-step verification prompt
Select the transfer recipient
You can’t add new recipients from the app
Confirm that the recipient's email is correct (if needed) > select Confirm Details
Enter the transfer's amount and reason for transferring > select Next
Review the transfer details > select Verify Your Identity
Enter the 2FA code > select Verify Your Identity
Select Done
🔥 Stop
You cannot cancel a transfer once it's begun, so take your time to ensure you're sending the correct amount to the correct recipient before finalizing your transfer.
Adding a new transfer recipient
📣 Note
For now, you cannot edit or delete recipient info. If a recipient's info changes, you should add their new info as a new recipient.
1. Go to the Finance tab in the top navigation menu > select Balance
2. Select Actions > select Transfer money
3. Select Select recipient > select Add recipient
4. Enter the requested info, like the recipient's account and routing numbers
a. Take extra care when entering the recipient's info, and double-check that the numbers you've entered are correct before moving on to the next step
5. Select Add recipient
6. Continue on to transfer money to that new recipient
Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!
HoneyBook is a software company, not a bank. Banking services are provided by Lincoln Savings Bank, Member FDIC. HoneyBook Visa Debit cards are issued by Lincoln Savings Bank, Member FDIC. HoneyBook is not FDIC insured. FDIC insurance only covers the failure of an insured bank.