Content Comparison

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💡 What is the Escrow Feature?

The Escrow Feature allows you to:

• Automate Deposits: Even if you're deposits even when using Pay on Pickup, you can still automate daily deposits.

• Control Funds: Maintain funds by maintaining a specific balance in your account each day while controlling how much gets deposited.daily balance.

• Customize payouts based on your daily operational needs.

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🔍 Where to Find It

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• Go to Manage Payments

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• Then select Payout Setup

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⚙️ Setting Up Your Deposits

✅ Daily Settings

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You’ll see boxes for Monday through Friday.

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Here’s how each entry affects your deposit:

• Enter a Dollar Amount → That amount stays in your account; the rest is deposited.

• Enter 0 → All available funds will be

  transferred automatically to your bank account

  deposited that day.

• Leaving a Box

  Leave Blank

  : No funds will be transferred, and payouts for those days will be

  → No automatic deposit; that day is manual only.

Example Setup

• Monday to Wednesday: If you enter $500 for Monday, $500 for Tuesday, and $500 for Wednesday, those amounts will remain in your account.

• Thursday and Friday: Enter higher amounts if you anticipate needing more funds. For instance, $750 on Thursday and $1300 on Friday.

Key Points to Remember

• Weekend Coverage: Ensure that Friday’s amount covers Saturday and Sunday since you won’t receive new money on those days.

• Update Anytime: You can modify these settings as needed.

• Deposit Delay: Using this feature will delay deposits by one banking day.

Examples of Use

Regular Deposits

• If you want daily deposits, set all amounts to 0. Your funds will be deposited daily as usual.

Weekly Deposits

• If you prefer a large deposit once a week, e.g., on Wednesday:

  • Set $500 for Wednesday. This means you will get a deposit for the total amount in your account minus $500, which will remain.

Customized Deposits

Example: If you expect higher expenses on the weekend:

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Set 0 for Monday through Wednesday.

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📊 How to Determine Your Escrow Balance

To figure out what you should set for each day:

1. Run your Pay on Pickup (POP) Usage Report.

   • Look at how much you typically spend each day on POP cards.

   • Break it down by day of the week.

2. Set daily escrow amounts accordingly.

   • For example, if you typically spend $500 on Mondays and $750 on Fridays, set those amounts to ensure sufficient coverage.

3. Build your escrow buffer.

   • If your balance is currently low, you can:

     • Use manual deposits until it builds up, or

     • Let the Escrow feature hold funds until your target balance is reached.

   • Once it's built, deposits will return to normal behavior.

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📅 Example Setup Scenarios

Scenario 1: Daily Deposits

• Set all days to 0.

• All available funds are deposited daily.

Scenario 2: Weekly Deposit (e.g., Wednesday)

• Set $500 on Wednesday.

• On that day, your full balance minus $500 will be deposited.

Scenario 3: Weekend Coverage

• Set $500 for Thursday and $1000 for Friday.

• This ensures you have enough funds for

  the

  weekend POP usage.

Scenario 4: Large

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If you want to keep a large amount in your account:

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Escrow Reserve

• Set $5000 for Friday.

  This means only the remaining funds

• Only funds over $5000 will be deposited

  after that amount is kept in your account

  that day.

Scenario 5: Manual Payout Days

• Leave any day's field blank for manual control.

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📌 Key Reminders

• Weekend Coverage: Set a higher Friday amount to cover Saturday and Sunday.

• Update Anytime: You can adjust your settings whenever needed.

• Deposit Delay: Using this feature causes a one banking day delay on deposits.

• Manual Deposits

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• Flexibility: You Always Available: Even with Escrow set, you can still perform manual deposits even if you have set up the escrow feature. Simply leave the days you want to manage manually blank.initiate manual transfers.

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✅ Conclusion

The Escrow Feature is a powerful tool to automate and manage your deposits effectively. If you have any questions or need further assistance, feel free to reach out gives you smart, flexible control over your deposits—especially critical when using Pay on Pickup. Review your POP usage, set the right balance for each day, and adjust anytime based on your needs.