📣 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.
Set up recurring transfers to regularly move funds out of your HoneyBook Funds account. This can be helpful for recurring expenses, like salaries. Keep in mind when transferring funds that your daily transfer limit is $10,000 USD and your monthly transfer limit is $100,000 USD.
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.
Set up recurring transfers
1. From the top nav menu, select Tools > select HoneyBook Funds
a. If this isn’t an option for you, select Tools > select Overview > from the new page, select HoneyBook Funds
2. Above your cards, select Transfer > select Recurring transfer
3. Select Set New Transfer
4. Select who you’ll regularly transfer funds to
a. You can add new recipients at the bottom of the drop-down menu
b. 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.
📚 Tip
New recipients might go through an approval process, which should take a couple of days max. If they’re approved, the recurring transfers will begin.
5. Fill out the rest of the transfer details > select Confirm
a. You cannot change which day the recurring transfer will happen (Monday for weekly transfers and first day of the month for monthly transfers)
6. Enter the code you received on your 2FA phone number
a. If you need to change this phone number, contact support
7. Select Verifying Your Identity
From here, your recurring transfer will be created if you enter the right 2FA code. You’ll get an email confirmation that the recurring transfer was created.
Pause and restart a recurring transfer
You can pause recurring transfers without deleting them by toggling them off.
From the top nav menu, select Tools > select HoneyBook Funds
If this isn’t an option for you, select Tools > select Overview > from the new page, select HoneyBook Funds
Above your cards, select Transfer > select Recurring transfer
Toggle the recurring transfer off if you want to pause it or on if you want to restart it
If you toggled the recurring transfer off, it won’t transfer funds out until you turn it back on. You cannot cancel a transfer once it's begun, so this won’t stop a recurring transfer that is already in progress.
📣 Note
You can't currently edit or delete recurring transfers. If you want to edit a recurring transfer, pause the existing one and create a new one. If you want to delete a recurring transfer, pause it.
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!
Edit a recurring transfer
Follow these steps whenever you need to make a change to your recurring transfers.
From the top nav menu, select Tools > select HoneyBook Funds
If this isn’t an option for you, select Tools > select Overview > from the new page, select HoneyBook Funds
Above your cards, select Transfer > select Recurring transfer
Next to the recurring transfer you want to edit, select the triple dot menu > select Edit
Make your changes to the transfer details > select Confirm
From here, your recurring transfer will be updated with the new transfer details.
Delete a recurring transfer
Follow these steps when you need to delete a recurring transfer. You cannot cancel a transfer once it's begun, so this won’t stop a recurring transfer that is already in progress.
From the top nav menu, select Tools > select HoneyBook Funds
If this isn’t an option for you, select Tools > select Overview > from the new page, select HoneyBook Funds
Above your cards, select Transfer > select Recurring transfer
Next to the recurring transfer you want to delete, select the triple dot menu > select Delete
Read the warning message > select Confirm Delete
From here, your recurring transfer will be deleted.