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How do weekly deposits work?
How do weekly deposits work?

How to set up recurring weekly payments.

Alex avatar
Written by Alex
Updated over a week ago

If you set up a recurring weekly deposit, this is automatically added to your weekly savings total every week, ready for our weekly collection!

Our collections are done once a week, on Wednesdays at around midday - any weekly deposits you have set up will be collected at this point, along with any other payment settings you have enabled (e.g. round ups, one-off deposits and payday boost) . You can change your weekly deposit in Settings > Weekly deposit at any time. You can also edit a specific week’s collection at any time by tapping the ‘Edit’ button under the Home tab.

Once collected from your app on Wednesday, your payment will be debited from your linked bank account early the following week (usually Monday), and added to your balance by the end of the day on Tuesday.

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