Recurring Transactions Can Help You Double Your Savings

Light a fire under your cash with just a tap of a button.

We tested it: As of August 2018, Stash customers that kept Recurring Transactions (formerly Auto-Stash) turned on for a year saved twice as much on average as Stashers who didn’t. (We also found that if you used Recurring Transactions from the Great Recession of 2008 to March 2020, you could’ve doubled your savings.)

Stash customers who had Recurring Transactions turned on for a year saved $1,432. Customers who didn’t? $665.59.

That’s a big difference.

What is Recurring Transactions?

With Auto-invest through Recurring Transactions, you can easily build a schedule to save and invest a set amount. You select the amount you want to set aside, when and how often you want to set it aside, and whether you’d like Stash to automatically invest it in your ETFs and stocks, or simply place the money in your cash to invest balance.

Convince me, why should I invest automatically?

Making small deposits and investments on a regular basis is one of the keys to smart investing. When you invest a little bit on a regular basis, you don’t need to worry about picking the right time to invest. If you invest on a schedule, you’ll get some at a higher price, and some at a bargain and your average price will be somewhere in the middle.

Regular investing has dollar-cost averaging benefits and is a key part of the Stash Way.

One thing to remember: When turning on Recurring Transactions is that this money will be taken out of your account automatically so if you don’t have enough money to cover the Recurring Transactions, your bank may charge you an overdraft fee.

Yes, I want to automate my savings!

Right on, just go to the Stash app and turn on Recurring Transactions.

Don’t have Stash yet? You can sign up now.