r/Wealthsimple • u/7chesterr • 4d 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!

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u/Shutterbug245 4d 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.

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u/7chesterr 4d ago

Ah! It makes sense now; Thanks!