Scheduling payments

If you make similar payments on a regular basis, you can set up a recurring payment to handle them automatically.

Here's how to do it:

1. Click the Move Money menu in the upper right corner of your dashboard and select Send.
2. Enter your recipient’s information and select your payment method and amount
3. On the "Amount" screen you’ll see the option to click the toggle next to "Repeat this payment"
   • You’ll be able to choose a payment frequency and decide when you’d like the payments to end. You can cancel this payment schedule at any time
4. Once enabled, these will begin processing at 9am EST on the specified date
    

Scheduling non-USD (FX) international wires 

When you send an international wire in a non-USD currency, two things are factored into the final amount:

• The exchange rate between USD and the destination currency (we use a market-leading rate)
• A currency exchange fee of 1% on the USD amount you're sending

We apply the exchange rate at the time your scheduled payment is processed. While we can’t predict what that rate will be in advance, you’ll see an estimated exchange rate when setting up the payment and can always check the Scheduled tab of your Payments page for an updated estimate based on current market rates. 

You can read more about sending non-USD wires here.

Managing your scheduled payments

You can view and edit upcoming scheduled and recurring payments from your Payments page. 

Click on the "Scheduled" tab and select the payment that needs editing to view scheduling details. Click Edit to make changes to the date, amount, or similar. If you need to delete the payment entirely, you can do so by clicking Delete Payment. 

Mercury is a fintech company, not an FDIC insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.