How to set up recurring deposits
Learn how to automatically deposit funds into your Plynk account each month.
July 20, 2023
It can be a lot easier to put aside money to invest when you don’t have to think about it. The Plynk app simplifies the process with recurring deposits.
Growing your investments
The more you’re able invest, the more opportunity your investments have to grow. One way to help accomplish this goal is to deposit a small portion of your monthly budget (whatever you’re comfortable with!) into an investing account.
Setting up recurring monthly deposits to your Plynk account
In just a few quick steps you can activate recurring monthly deposits from your linked bank account to your Plynk account. Here’s how it works:
From the app home page, click on the “Move money” button.
On the “Move money” screen, select “Set up recurring deposit.”
Choose the amount of money you want deposited each month.
Pick the date you’d like to make your first deposit.
Review your choices, read and check the box for the Recurring Transactions Agreement, then tap “Schedule recuring deposit” and you’re all set!
Did you know?
Even if you don’t do anything with the money you deposit, it may earn more interest with Plynk than it would in a regular checking or savings account.
Next steps to consider
When you set up a new recurring deposit (and leave it in your account for at least 30 days), Plynk will match the amount up to $50! Visit our FAQs page for more info on the recurring deposit match promotion.
Now that you’ve enabled regular deposits to your Plynk account, why not set up recurring investments as well? When you buy stocks or funds with Plynk, you have the choice between making one-time purchases or scheduling them for once a month.