Using your primary linked bank account, Catch will detect whenever a deposit was made. We'll send you a notification to manually confirm if the deposit is a paycheck you'd like us to withhold from. If you confirm, we'll set aside the money for you in an FDIC-insured savings account.
This means that when you see a paycheck notification you'll need to:
Confirm if the deposit is income (or skip/reject it)
Verify your contribution amount in order to save money to your plan
When you approve a paycheck, it will default to contributions based on the percentages you have set up in your plan. If you ever need to change the amount or specific benefits you're contributing to, you have the flexibility to edit this on each individual deposit.
You always have the option to approve, skip, or just reject deposits. We never move money without your confirmation. If you'd prefer to have Catch process paychecks automatically for you, be sure to check out our Autopilot feature.
We want to make it simple and easy for you to save, but we also want to make sure you know you're in full control of your plan.