How to set up automatic transfers for recurring payments
Step 1:
Select ‘Payments’ from the bar at the top of the dashboard.
Step 2:
Select ‘Automatic transfer.’
Step 3:
Select ‘Create a new rule’ in the top-right corner.
Step 4:
Select the payee from the drop down menu and add in a reference if you need one.
Step 5:
(a) Choose the currency account you wish to pay from.
(b) Select ‘Fixed amount.‘
(c) Following this, select one of the below options:
- Select ‘Send Amount’ (the amount we’ll debit from the currency account).
- Select ‘Payee Receives Amount’ (the amount the payee will receive in their currency account).
Step 6:
Enter the amount before selecting the start date and the frequency.
Step 7:
Authenticate your automatic rule via the Authy app or SMS.
Step 8:
Review your automatic transfer rule and click ‘Confirm payment rule’.
Step 9:
Once complete, a new screen will show confirming that your new automatic transfer rule has been booked.
