Manage smart transfers

At Rabobank, you can use smart transfers to automatically distribute your money between your accounts and piggy banks.

Set up smart transfers

Help with smart transfers

Set up smart transfers

Pause, change or delete a smart transfer

Click on ‘Set up a smart transfer’ below
Select your preferred rule and fill in the fields
For example, ‘Distribute income’, ‘Top up account’, or ‘Transfer excess balance’
Click on ‘Add’. Give your new rule a recognizable name
Select ‘Sign’. Check the details and confirm the instruction.

Want to set up another rule? Go back to the ‘Set rules’ tab and start again at Step 5.

Set up smart transfers

How smart transfers work

Smart transfers work according to the ‘if... then’ principle. You indicate what should happen to your money if a certain situation occurs. This gives you the opportunity to structure your cash flows exactly as you want.

If I buy a coffee for €3.75,
the amount is rounded up and €0.25 is transferred to my savings account, piggy bank or investment account.
When my salary is credited to my payment account,
I want to automatically transfer a fixed amount to my ‘Holiday’ piggy bank.
If I have more than €500 in my payment account on the 23rd of the month,
I want to transfer €300 to my Rabo Savings Account.
When my salary is credited to my payment account,
I want to automatically transfer a percentage for the household contribution to the joint payment account.
When my salary is credited to my payment account,
I want to automatically transfer a fixed amount to my Rabo Savings Account and my Rabo Managed Investing. You can do this by applying 2 rules.
When the child allowance is credited to my account,
I want the amount (100%) to be automatically transferred to my ‘Child’s Studies’ piggy bank.
If I have more than €500 in my payment account on the 23rd of the month,
I want to transfer €300 to my Rabo Savings Account.
If the balance on my payment account is lower than €500,
I want to top it up to €750. This will be deducted from my Rabo Savings Account.

Difference with automatic savings or investments

Smart transfers are rules that you can set up to automatically distribute money between your Rabobank accounts. In contrast to automatic savings, smart transfers have more options for customization.

When should you use automatic savings or investments?

You should use automatic savings or investments rather than smart transfers in the following situations:

For an automatic order with a fixed amount per week, month or year, if the automatic order cannot be accurately and consistently linked to an incoming payment. Example: you receive your salary every month and transfer an allowance to your child every week.
For transfers to Rabo Saving for the Future or Rabo Investments for the Future.
For transfers to an external account (not with Rabobank).

Direct debit

With a direct debit, you give permission for a company or institution to debit money from your account. This is different from a smart transfer.

FAQ

Yes, you can. Check out a few examples below:

When my salary is credited to my account, I want to automatically transfer a certain percentage (or a fixed amount) to my ‘Holiday’ piggy bank.

When the child allowance is credited to my account, I want to transfer that amount to my ‘Child’s Studies’ piggy bank.

When money is transferred to my Rabo Savings Account, I want to divide it between my 4 piggy banks. For example: 25% to my ‘Reserve piggy bank’, 25% to ‘Holiday’, 25% to ‘New car’, and 25% to ‘Pension’. You can arrange this by applying 4 smart rules.

If the balance of my ‘Buffer’ piggy bank is more than €2,000 on the last day of the month, I want to transfer the excess amount to my 'Holiday' piggy bank.

You can use smart transfers if you are a private customer at Rabobank and you are over 16 years of age. You have a payment account and at least one (other) payment, savings and/or investment account with us. You also need access to Rabo Internet Banking or the Rabo App. You can set up smart transfers for all accounts of which you are the account holder.

Privacy policy

Smart transfers comply with Rabobank’s privacy policy. This means that as little data as possible is used and stored to perform the smart transfers you have set up. Read more about the data used for the various smart transfers in the special terms and conditions. Read about how we handle your data in Rabobank’s privacy statement.

In that case, the smart transfer is not carried out. If you want to receive a notification when this happens, you can set this up yourself. Go to ‘Smart transfers’ > ‘More’ > ‘Set notifications for smart transfers’.

If you use the Rabo Short-Term Overdraft on your payment account, smart transfers take into account the temporarily available additional funds. In this case, your smart transfer will only be carried out if this is possible with your temporarily available additional funds.