Automatic Transfers is a feature that allows you to schedule deposits to your Bento account. There are two different types of Automatic Transfers:
Periodic Transfers: Use this feature to schedule transfers to your Bento account at a chosen frequency. To use this feature, go to your Funds page and find the Periodic Transfers section. You can choose to deposit funds on a monthly, weekly, or daily basis. Enter the desired deposit amount, which should be between $10 and $5,000. You can then choose the frequency of the transfer. Click "Update and Turn On" to start using the Periodic Transfer feature. If you want to pause it or turn it off at any time, just switch the On/Off button to Off.
Low Balance Transfer: Use this feature to schedule transfers to your Bento account when your available balance falls beneath a certain amount that you choose. To use this feature, go to your Funds page and find the Low Balance Transfer section.
Type in the amount you want to load in the "Fund my account with" section, and the trigger amount in the "When my balance goes below" section. Then click "Update and Turn On" to start using the Low Balance Transfer feature. If you want to pause it or turn it off at any time, just switch the On/Off button to Off.
Note on Low Balance Transfers: If your balance is below the threshold you've set when you turn it on, upon turning on your Low Balance Transfer, you will be prompted to also initiate a regular fund transfer to bring your Available to Spend above the set low balance threshold. If a transfer is already in process, that transfer amount will be taken into consideration before the low balance reload is initiated (e.g. a $1000 transfer that is PROCESSING will be considered in the Available to Spend while determining if the threshold has been crossed).