Set up recurring transfers to regularly move funds out of your HoneyBook Balance 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 can't cancel a transfer once it's begun, so take your time to make sure you're sending the correct amount to the correct recipient before finalizing your transfer.
Set up recurring transfers
Recurring transfers can't be edited or deleted once set, so double-check before finalizing. To update or delete, pause the transfer.
From the navigation menu, select Finance > Balance
Select TRANSFER > Recurring transfer
Select SET NEW TRANSFER
Select who you’ll regularly transfer funds to
You can add new recipients at the bottom of the dropdown menu
You can't cancel a transfer once it's begun, so take your time to make sure 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 two-factor authentication (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 navigation menu, select Finance > Balance
Select TRANSFER > Recurring transfer
Turn off the recurring transfer if you want to pause it (or on if you want to restart it)
If you turned off the recurring transfer, it won’t transfer funds out until you turn it back on. You can't cancel a transfer once it's begun, so this won’t stop a recurring transfer that's 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!
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.