Introducing recurring deposits: your account automatically funds itself

AI summary of the source article

Kraken has launched recurring ACH deposits for eligible US customers, excluding those in Maine, New York, and Texas. Users can schedule automated deposits with no fees, investing immediately while withdrawals unlock after seven days.

Key facts

• US customers outside Maine, New York, and Texas can schedule recurring ACH deposits daily, weekly, every two weeks, or monthly.
• Deposits have no fee, are funded via Plaid-linked bank accounts, and can be invested immediately.
• Deposited funds become available for withdrawal after seven days.