What are Recurring Deposits?
Recurring Deposits allow you to deposit funds into your Fold Debit Card using a scheduled automatic routine.
How to set up a Scheduled Deposit
Open the Fold app
Tap the Deposit button near the top of the screen
Tap Recurring
Tap Schedule a recurring deposit
Set Frequency
Set up deposit frequency by tapping Weekly, Every two weeks, or Monthly
Tap Continue
Set Amount
Input amount to be deposited on a recurring basis
Set Account
Tap the account drop-down to choose which bank account to transfer funds from
Tap Use this payment method
Confirm
Tap Confirm recurring deposit to initiate the recurring transfer, beginning immediately
Success!
How long do recurring deposits take to process?
Recurring deposits will initiate immediately, and require at least two business days to complete. Please schedule recurring deposits accordingly.
Can I delete or pause recurring deposits?
Yes. Recurring Deposits can be canceled or paused any time before the scheduled date on which they are set to initiate.
How do I delete or pause a recurring deposit?
Open the Fold app
Tap Deposit
Tap Recurring Deposit
Under My Recurring Deposits tap the deposit that you’d like to cancel or delete
Tap either the Pause Transfers or Delete Deposit button, depending on your preference
What limits are my deposits subject to?
Deposits are limited to $15,000 per transfer, $15,000 per day, $40,000 per rolling 30-days, and a maximum balance of $30,000. Find out more about limits here.
Transfers times vary by bank. All transfers are subject to review and could be delayed or stopped at our discretion.