📣 Note
This article covers a feature that's included in an invite-only closed beta. If you're not a part of the beta, your finance suite will look different, and the help articles you'll want can be found here.
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 Finance, 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.
To transfer money:
1. Go to the Finance tab in the top navigation menu → select Dashboard.
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. Learn more about adding new transfer recipients.
🔥 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.
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.
To add a new recipient:
1. Go to the Finance tab in the top navigation menu → select Dashboard.
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!