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.
Important to note that these transfers take 1-3 business days (usually 3) to complete, so please ensure you are topping up enough.