Recurring ACH Deposits

Recurring ACH deposits move a fixed amount from your linked US bank account to your Kraken balance on a schedule you choose. Nothing is bought when a deposit arrives. The money is added to your balance.

ACH is the US bank-to-bank transfer network. You link your bank account through Plaid, the service Kraken uses to connect to your bank.

Where it’s available

•
US clients only
•
USD only
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Funded by ACH from a bank account linked through Plaid
•
Kraken app and web. Not available in the Krak app or Kraken Pro.

What you choose

•
The amount. It’s fixed when you create the schedule, and you can edit it later.
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How often: Daily, Weekly, Every 2 weeks or Monthly.
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The start date.

How to set up a recurring deposit

1
Open Add money and enter an amount.
2
Change the frequency from One time to Daily, Weekly, Every 2 weeks or Monthly, then choose a start date.
3
Select your linked bank account. If your Plaid link has expired, reconnect it first. See How do I fund my account with USD using ACH via Plaid?
4
Review and accept the standing authorization, then confirm. This is your permission for Kraken to take the amount from your linked bank account on each scheduled date.

On each scheduled date, Kraken pulls the amount you chose from your linked bank account into your balance. You get an email and a push notification each time a deposit is created, paused, succeeds or fails.

Manage your schedule

You can edit, pause, resume, rename or cancel a schedule at any time by going to the Orders item in the Portfolio tab. Your schedule view shows your next deposit date, the total deposited so far and your recent deposits.

FAQs

Is there a fee for recurring deposits?

No. Kraken doesn’t charge a fee for recurring deposits, and that applies to every deposit in your schedule, not just the first. Your bank may charge its own fees, for example if a deposit fails because there isn’t enough money in your account.

When can I invest or withdraw the money?

You can invest each deposit as soon as it arrives in your balance. Each deposit can be withdrawn seven days after it arrives, so if you deposit daily or weekly, your most recent deposits will be on hold while earlier ones become available.

Which bank accounts can I use?

Use the bank account you linked through Plaid.

Can I change, pause or cancel a schedule?

Yes. You can edit, pause, resume, rename or cancel a schedule at any time.

What happens if a deposit fails?

We send you an email and a push notification when a deposit fails.

Does a recurring deposit buy crypto or stocks automatically?

No. A recurring deposit only adds money to your balance. It doesn’t buy anything or invest the money for you. You choose what to do with your balance.

Can I set a variable amount or a deposit that depends on my balance?

No. The amount is fixed when you create the schedule. Variable amounts and deposits triggered by your balance aren’t supported.

Who can use recurring deposits?

Eligible US clients with a bank account linked through Plaid, on the Kraken app or web.

Are there minimum or maximum amounts, and when is the deposit taken?

The minimum deposit is $1. Your deposit limits are set automatically based on factors such as your account history and activity. They apply on a rolling weekly basis and can’t be increased on request. There’s also a limit on how many deposits can go through in a rolling 24-hour period. Each deposit is taken on its scheduled date and usually arrives in your balance within five minutes.