Astra Finance – Automate Transfers Between Accounts

Just a few readers reached out and tell us about how they use Astra Finance as a approach of automating transfers between their varied financial institution accounts. Astra works with any financial institution on Plaid and is free to make use of.

Examples of the place this may be helpful for our readers:

  • You probably have a financial savings account which earns an elevated charge on balances as much as $5,000, you may set a rule with Astra to switch out any steadiness above $5,000 to your common checking account every month.
  • Equally Astra can guarantee that there’s at all times a minimal quantity in an account with a month-to-month switch. E.g. if there’s an account with $1,000 minimal to stay fee-free, Astra can routinely verify up as soon as per thirty days to make sure there’s $1,000 within the account and to switch over what’s wanted to carry the steadiness as much as $1,000.
  • You need to use Astra to hopefully set off direct deposits.
  • You need to use Astra to automate a sure variety of transfers in/out of an account every month. (Not all banks have nice ACH switch assist, particularly on the way in which out.)
  • There are many different automation choices that Astra has as effectively which might be helpful to some.

Notice, there’s a $1,000 transaction restrict with Astra by default, although it is perhaps doable to contact and get it manually eliminated.

Hat tip to readers fearthez, Dheeraj, L, E

Associated: Hub Accounts – ACH Transfers: Capabilities, Charges, and Limits Throughout Monetary Establishments

Leave a Reply

Your email address will not be published.