… Autopilot can be set up in just a couple of minutes to monitor an account daily to ensure a client only keeps the amount of cash on hand that she really needs.
When a balance exceeds a prescribed amount, Autopilot automatically deposits the money into an account of a client’s choosing. Clients can choose which account to monitor and save in and they retain full control over the routing if they need to cancel or change it for any reason.
Autopilot is part of the challenger bank’s approach to self-driving money and fits together with the firm’s checking accounts.
Wealthfront clients can access their paychecks up to two days early when they set up direct deposit with their Wealthfront Cash Account.
The company plans to continue to improve upon transfers to deliver services like same day investing.