Automatic Payouts is an innovative feature that automates transfers to external IBANs or internal wallets.
Key functionalities include:
Enable or disable the feature
Add and select beneficiaries
Adjust payout frequency
When enabled, all available funds (minus the minimum balance threshold) are automatically sent to the chosen IBAN beneficiary, simplifying financial processes.
➥ Enable or Disable Automatic Payouts:
Navigate to the main page and select "Accounts"
Find your desired Account and click on the "Details" button
Click on "Payout Settings"
In the pop-up window, toggle the enable button to either enable or disable the service.
Click "Apply" to save your changes.
➥ Create or Select a Beneficiary:
Click Enable payouts
Click on "Add a Beneficiary Account"
Select the beneficiary from the drop-down menu
➥ Set a Minimum Payout amount:
Go to the "Minimum Payout amount" field
Input the desired amount to remain in your account
➥ Modify the Interval Select:
Go to the "Interval Select" field
Select the desired payout frequency from the drop-down menu
Check the "Next Payout" field to see when the next payout will occur
➥ What Transfer Fees Apply:
Transfer fees are applied to every transaction. Detailed transaction fees can be found under the Viva.com account section in Transfers & Payments fees here.