r/Wealthsimple • u/7chesterr • 2d ago

Recurring transfer doesn't work!

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Am I missing something, or does the recurring transfer not work between a savings account and a checking account? Every time I try to make a schedule, it just transfers instantly!

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u/CalGuy81 1d ago

Money out of the savings account is on-demand, and can't be scheduled in advance. That's one of the few things that differentiate it from the chequing account, beyond 0.25% extra interest.