Schedule weekly or monthly deposits from your bank account, then manage them from the activity feed.
How to schedule a recurring deposit
Go to app.poolmoney.com and select a Pool or your Personal Balance.
Select Deposit.
Choose Weekly or Monthly and follow the prompts.
Just need to add money once? See Adding money to a Pool.
How to manage, skip, or cancel
Go to the Pool or Personal Balance where the recurring deposit was scheduled.
Under Upcoming in the activity feed, select the deposit to open Deposit summary.
Choose an action:
Skip next deposit skips the next deposit only.
Cancel recurring deposit ends the series.
To skip your next deposit, select Skip next deposit at least 3 business days before the scheduled date. If fewer than 3 business days remain, the deposit may still process. Skipping one deposit won’t affect future deposits.
To change the amount, scheduled day, or source bank account, cancel the recurring deposit and set up a new one with your preferred details.
Your authorization
By selecting Confirm and Start on the previous screen, you authorize Pool to debit your linked bank account in the amount and on the schedule shown, until you cancel.
We'll send you an email confirming your setup, which serves as your record of this authorization.
How and when your deposit happens
Initiation
We initiate each deposit on the day you selected. Your bank will typically show the debit and deduct from your balance on or near that day.
Your first deposit
Your first recurring deposit happens on the next occurrence of the day you chose, not today. For example, if you schedule a weekly Tuesday deposit on a Tuesday, your first deposit will be next Tuesday. If you schedule a monthly 5th deposit on the 5th, your first deposit will be next month on the 5th.
Funds availability
Once initiated, funds usually arrive in your Pool within 1–3 business days. In some cases, they can take up to 5 business days. For example, around bank holidays, long weekends, or if bank processing is delayed. For full details, see Pool's Funds Availability Policy.
Bank holidays and weekends
ACH debits don't process on weekends or federal holidays. If your scheduled day falls on a non-business day, we'll initiate your deposit on the next business day. You don't need to take any action.
See the list of federal bank holidays
See the list of federal bank holidays
New Year's Day: January 1
Martin Luther King Jr. Day: third Monday in January
Presidents Day: third Monday in February
Memorial Day: last Monday in May
Juneteenth National Independence Day: June 19
Independence Day: July 4
Labor Day: first Monday in September
Indigenous Peoples’ Day/Columbus Day: second Monday in October
Veterans Day: November 11
Thanksgiving Day: fourth Thursday in November
Christmas Day: December 25
When a holiday falls on a weekend, banks generally observe it on the nearest weekday. See the Federal Reserve holiday schedule for the official observance dates.
Last day of the month
Monthly recurring deposits can be scheduled for the 1st–28th or the last day of the month. If you select the last day, we'll use the actual last day of each calendar month.
When that day is a weekend or bank holiday, your deposit will initiate on the next business day, which may fall in the following month.
Heads-up before each deposit
We'll email you 4 business days before each scheduled deposit so you have a chance to skip if your plans change.
If something goes wrong
Insufficient funds
If your bank reports that your account doesn't have enough funds to cover the debit, we'll cancel your recurring deposit and notify you by email. You can set up a new recurring deposit when you're ready.
Other declined debits
If your bank declines a debit for any other reason, such as account closed, account frozen, authorization revoked, or stop payment, we'll cancel your recurring deposit and let you know.
Account unlinked or Pool closed
If the linked bank account is removed, any recurring deposits using that account will be canceled. The same applies if your Pool is closed or if you're no longer a member of the Pool.
Limits and fees
No fees: recurring deposits are free.
Platform limits: Transfer limits apply per transaction, day, week, and month. If a scheduled deposit would exceed any limit, the deposit will fail and we will notify you.
Get help
To manage a recurring deposit, open the Pool or personal balance where you scheduled it, then select the deposit under Upcoming in the activity feed. In Deposit summary, select Skip next deposit or Cancel recurring deposit. The timing limits above still apply. For other changes or questions, contact us at least 3 business days before your next scheduled deposit:
Email: [email protected]
Phone: 1-855-664-1888
Help Center: poolmoney.com/help