Using instant deposits will land your payments in your account within 24 hours instead of the usual 2โ3 days (though it can take as little as 30 minutes). This means less time between when you get paid and when you see that money, so it can be used or put away that much faster.
Here's the steps to set up instant deposits:
Add your bank account and owner details to HoneyBook
Add a debit card that the payments will get sent to
Decide if you want to turn on instant deposits for all payments or handle it per-payment
1. Adding your bank account and owner details
Getting these details will always be the first step to getting paid. If you haven't already added these, learn how to add your bank account and owner details to your HoneyBook account.
2. Adding a debit card
The account linked to the debit card you add will be where payments deposited via instant deposit will land. This can be different from the bank account you added earlier, just in case your financial strategy calls for it.
From any HoneyBook page, select your profile photo > select Company Settings
Select the Bank Details tab
Under Instant Deposit Account, select Add your debit card
Enter your debit card details
Enter the 2FA code
From here, you can opt to turn on instant deposits for all payments or turn it on for specific payments.
3. Turning on instant deposits
If you opt to have instant deposits for all payments, you won't need to manage instant deposits for each individual payment.
Turning on instant deposit for all payments
Turning on instant deposit for all payments will start the deposit for every future payment.
Return to the Bank Details screen
Under the debit card you previously added, toggle on Automate Instant Deposit for all future payments
Turning on instant deposit for a specific payment
Turning on instant deposit for a specific payment will start the deposit when your client makes a payment
From the top nav menu, select Tools > select Payments
In the Outstanding Payments section, toggle on instant deposit for a specific payment
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!