Automatic Funding for Pre-Paid Customers
Automatic funding enables Float to automatically top-up your account when it falls below a certain level. This adds convenience and peace of mind that your cards will always be able to transact without you needing to monitor your account funding level.
To enable automatic funding, click 'Settings' in the bottom right corner of either your CAD or USD account. Toggle the automatic funding button to the 'On' position. Then enter the amount you would like automatically transferred and the threshold below which the transfer will be initiated.
We recommend setting 'When balance falls below' to be equivalent to your highest weekly card spend in a normal month to ensure you always have sufficient funds in your account. And remember, you need to configure automatic funding for both the CAD and USD sides of your account.
You can now easily pay down your balance throughout the month to free up spend for your Float Cards.
With Float’s automated early repayments, you can set a rule to pay down a specific amount of your balance when your Spending Power falls below a certain threshold.
From the “Funding” page, go to your CAD Charge Card and click “Early Repayments”. From there you can customize the pay down rules for your business and ensure your account never runs out of credit.