When you set up a Recurring Buy with Beaver Bitcoin we 'link' your bank account in order to initiate a weekly transfer. We say 'link' because there is no actual link made*. We simply record your account, institution and transit numbers.
Please note: we do not receive your bank account balance data and we do not know how much money is in your account.
It is your responsibility to have enough funds in your account when your transfer is processed.
If there is not enough funds in your account when our transfer request goes through, you will be charged an NSF fee from your bank. This fee is typically around $40.
Our recommendation is, if you are cutting it close, pause your plan. Additionally, you can track the timing and status of your transfers from your Dashboard when logged in at beaverbitcoin.com. (See also, Transfer Timing.)
TL; DR; Beaver Bitcoin does not receive your bank account balance data. It is your responsibility to ensure there is enough funds in your bank account when your transfer goes through to avoid an NSF fee. If you are cutting it close, pause your plan.
*we previously used Flinks, which did make a link, but we no longer use them.
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