Note: Fund transfers are processed on the 1st of each month.
To automate your Workspace spending, set up recurring monthly fund transfers for your Workspace Members by following these steps:
1. Navigate to Workspaces, Manage Funds then Member Balances.
2. Make sure you're in the correct Workspace, which can be selected from the drop-down menu in the top-left corner of the page.
OPTION 1: Set up recurring fund transfers for individual Workspace Members
1. In line with the chosen Workspace member, select Auto-Monthly OFF under the 'Default Transfer' header.
2. On the pop-up menu, enter the desired amount to be transferred on the 1st of every month, then tick the box next to "Auto-Monthly Transfer"
3. Select Apply.
OPTION 2: Apply the same recurring fund transfers to multiple or all Workspace members
1. To apply to multiple members, check the boxes next to the chosen Workspace members. To apply to all members, move on to step 2.
2. Select Apply to Selected or Apply to All.
3. OPTIONAL: On the pop-up menu, if you would like to set a new default fund transfer for all/selected members, enter this value in the 'Set Default Transfer Amount' field and select Apply. If you would like to use the preset amounts, skip to step 4.
4. Tick the box next to "Turn on Auto-Monthly Default Transfer"
What happens if there are insufficient Workspace funds?
If there are insufficient Workspace funds to complete the set automatic monthly transfers, the Workspace administrator will receive an email notification.
The admin can then fund the Workspace and manually transfer the default amount to all Workspace Members.