Bold allows you to make transfers to multiple recipients at once. This can be useful for things like paying all your employees once payday comes around. Here are the steps you’ll need to take:
- Click Send Money Icon
In the middle of the screen, you should see a blue button labeled Send. Click on this button to access the transfer panel. This will open up an interface with sending options including: Bold Account, and Bank Account
The bulk transfer feature is currently only available to other Bold accounts. To proceed with the transfer, click Bold Account.
- Click The Bulk Transfer Button
When you click on Bold Account from the Send interface, you will have the option to send to a single Bold account by filling out their details and entering the amount you’d like to send. At the top right hand corner of the page however, you will see a button labeled Bulk Transfer.
Click on this button to proceed. In the new interface, you will see the option to Add Pay Group. Click on this button. In the new interface click the plus sign next to the Payment Group label.
Now, you can create a new group and give it a name. For example, this group could be used to pay all the employees of a certain pay grade, department, company and so on, if you’re using bulk transfers for salary payments.
Enter a name for the name group and click on the Create New Group button. In the next page, you can now add all the Bold account numbers you would like to pay in bulk in this one page and that’s all there is to it.
