Great question! It's good to understand the technology services you're using to make sure they're compatible with your values. At Catch, we try to be very transparent about our business model so you aren't ever caught by surprise.
Catch does not charge a subscription fee. There is no charge for linking a bank account, manually approving paychecks, and opening and contributing to savings goals—no matter the balance or number of deposits/withdrawals you make. There are only costs associated to specific features.
There is a collection of premium add-ons available — these à la carte features are optional to help bring your plan to the next level.
As of 9/1/20, there is a $1/mo cost to use Autopilot to automatically withhold from select income sources whenever you get paid. This is a flat fee for unlimited rules. You can always filter out deposits that you want us to ignore for free.
Extra Bank Links
As of 9/1/20, there is a $5/mo cost to link more than one primary bank accounts to allow Catch to pull in paychecks or deposits. This is a flat fee for unlimited bank accounts. You can always link one primary bank account for free.
Catch allows you to pay the IRS directly. Each time you make an estimated tax payment through your Catch account, there is a $10 processing fee. This is deducted from your Tax Withholding plan at the time of payment.
Catch is a Registered Investment Advisor with the SEC. On all money you invest in your retirement account, we earn 0.5% (half of a percent) annually on the assets under management ($2/mo minimum for accounts less than $4,800). This fee is fairly standard in the investment management industry, and you can read all the details about how we charge in our publicly filed Form ADV Part 2.