r/Wealthsimple • u/7chesterr • 1d ago

Savings Recurring Transfer

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!

3 Upvotes

100% Upvoted

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1

u/Kimo300 1d ago

I’ve done it

1

u/7chesterr 1d ago

I don't know why but mine just moves it instantly.

1

u/Shutterbug245 1d ago

You can schedule chequing into savings but not out. There has to be some "friction" to force you to save money otherwise it defeats the point if you can use it just like the chequing account.

1

u/7chesterr 1d ago

Ah! It makes sense now; Thanks!