You can add auto transfer rules to your Mercury checking, savings and Treasury accounts to automatically maintain balances and transfer funds based on custom criteria.
There are no fees to add or use auto transfer rules.
Choosing the right rule
We currently support four unique rule types:
- Maintaining a target balance If your funds drop below your target balance or target minimum, transfer funds from another account to restore the balance. If your funds are above your target balance, transfer the excess to another account instead. This rule runs once daily at 8am PDT. Ideal for keeping payroll or other operational accounts consistently funded so you always have enough cash on hand.
- Keep balance at zero Incoming funds are transferred to a designated account as soon as they post. Ideal for setting up a “receivables” account, so you can safely share account details with customers without exposing your primary use accounts.
- Distribute by percentage This rule allows you to split up incoming funds and distribute them based on custom percentages to other accounts. You can set this to run as soon as funds hit the source account, once daily at 15 UTC, or twice a month (on the 1st and the 15th).
- Transfer from Treasury (for business accounts) If you have a Mercury Treasury account, this rule allows you to maintain a desired balance in your checking or savings by connecting it to Treasury. On the 1st and 15th of every month, the rule will check the balance of your checking or savings account and transfer funds to/from Treasury to maintain your desired balance. The rule ensures you have enough cash on hand for operational needs while maximizing interest earnings on the rest.
Adding a rule
Admins can add, edit, or remove auto transfer rules. If you’re a bookkeeper or custom user, you may need to reach out to an admin to do this for you.
- Go to your Accounts overview.
- Navigate to the Auto transfer rules tab.
- Scroll to the bottom of the page to see all of the rules you can add.
- Select a rule, then select the account you want to add it to, the account(s) you want the funds to automatically transfer to, and provide any additional required info like a target balance or percentage allocation.
- You’ll be asked to review and finalize the new rule before it’s applied and get a preview of when the first transfer is scheduled to happen. Depending on the rule you’ve added, the first transfer may happen immediately, but you’ll get a heads up if that’s the case.
Editing or removing a rule
- Go to your Accounts overview.
- Navigate to the Auto transfer rules tab.
- At the top of the page, you’ll see any currently active rules and which accounts they’re connected to.
- Click the three dots next to the rule description and select Edit Rule or Remove Rule.
Frequently asked questions
Can I set up Auto Transfer rules with linked external accounts?
No. Auto transfers can only be created between your company’s Mercury accounts. If you have Mercury accounts powered by multiple partner banks, you’ll only be able to transfer funds between accounts within that respective partner bank.
Why can't I select a certain account to be part of a rule?
We have some limitations in place on which accounts can be used in an auto transfer rule if they are already part of another set of rules. This is to avoid funds cycling. If you have specific questions about this, feel free to reach out to us at help@mercury.com and we can take a closer look.