Seamlessly distribute your income across accounts by setting up auto-deposit rules. Customize your percentages, and let Real handle the rest!
Quick Links
Setting it up
1.Navigate to Real Wallet in reZEN
2. Select Auto Deposit Rules
Just under the main blue tile and right above the activity tile
3. Click Edit Rules
4. Select either
All Earnings
Choose this if you want to have all earning split the same
Earnings By Source
Choose this is you to have revenue share and Commission split differently. Each one can have their own percentage of splits.
4. To Edit the percentage click into the box
5. To add an account select + Add Account
Account information must be entered under your Tax and Payout settings first. See Adding an External Payment Method
6. The total percentage for the accounts must add up to 100%
Adding an External Payment method
If you are wanting to add an outside bank account along side your wallet account(s), one external account is allowed, then you will need to make sure that account has been added under your Tax and Payout Section of reZEN.
1.Open your Tax and Payout Settings
2. In the Tax Details and Payment Methods box Click 'Start-Over' (Right hand corner of box)
3. If you continue, you’ll need to re-submit your tax information. You’ll be able to select an existing bank account (wallet or external) or add a new external account during the setup.
4. Once you have added your External Bank Account you will then need to go back to the Wallet tab and update the Auto Deposit Rules
You can edit it at any time!
Remove an Account
To remove an account from your auto deposit rules click the small trash symbol next to the account you want to remove.
The percentage must add up to 100% so you might need to adjust the percentage amount.
Auto Deposit Rules and Real Wallet Capital
For active Real Wallet Capital loans, only Wallet accounts can be included in the auto-deposit rules, as the funds from the loan are deposited into your Wallet account and repayments for your loan are automatically deducted from your Wallet account. An external account can be added to the auto-deposit rules once your Capital loan is paid in full.
See: Easily Repaying Your Capital Loan: A Step-by-Step Guide
If further assistance is needed, please reach out to wallet@therealbrokerage.com.
The Real Brokerage is a real estate technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC Insurance available for funds on deposit through Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. The Real Wallet Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.
Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions on the sweep program. Pass-through insurance coverage is subject to conditions.