The Payday Rule automates saving by transferring a portion of eligible deposits into your savings goals, helping you save effortlessly every time you get paid.
You set an amount and a percentage, then this rule takes that percentage of each deposit to your funding account that is over the amount you selected. The funds are automatically moved from your funding account to your goal.
Keep in mind, this will trigger with all deposits into your funding account over the specified amount, and not just paychecks. For example, triggers could include manual transfers, ATM cash deposits, or check deposits, as long as they exceed the designated threshold.