Get to know
Flourish buckets

Flourish buckets are a way for you to assign the funds in a Flourish Cash account to specific categories or savings goals.

Flourish buckets are customizable; you can create categories for any purpose. We provide preset options for some typical bucket categories for personal accounts, such as vacation, emergency fund, credit card payment, or home purchase, as well as for business accounts, such as operating funds, taxes, or payroll.

No, buckets are an optional way for you to divide up the funds in your account and it is not required.

New clients will have the option to set up buckets during the account-opening process.

Current Flourish clients can set up buckets in a few easy steps:

1. Log in to your Flourish account and select the account you'd like to ‘Manage’ from the dashboard
2. From the top navigation, select 'Buckets'
3. On the buckets page, select 'Set up buckets'
4. You will then be guided through the process of creating buckets by selecting a category and given the option to add a nickname, specify a dollar amount goal, and customize your account’s deposit settings.

Yes, we have specific business categories or you can make your own.

You can create up to 20 custom buckets per account, in addition to the primary bucket.

You can automatically distribute incoming funds across buckets by customizing your account’s deposit settings, which allows you to automatically distribute funds to specific buckets according to a specified percentage.

1. Log in to your Flourish account and select the account you'd like to ‘Manage’ from the dashboard
2. From the top navigation, select 'Buckets'
3. Click ‘Customize’ in the white box that describes the deposit settings
4. Type in a percentage next to each bucket. This is the percentage of an incoming transfer that will be allocated to that bucket
5. Save your updated deposit settings

You can update your deposit settings at any time on the buckets page of your account or override these settings for individual transfers.

To transfer money between buckets within the same account, go to the ‘Buckets’ page of your account. Click ‘Transfer between buckets’ and then select the bucket you want to transfer funds from, and then select the destination bucket. Specify the transfer amount and click ‘Confirm.’ The funds will be instantly transferred.

To transfer money between buckets in different accounts — for example from your individual account to your joint account — select the account you’d like to ‘Manage’ from your dashboard and then click ‘Make a transfer.’ When specifying the account to withdraw funds from, you will be given the option to select a specific bucket from which to draw funds. When specifying the destination account, you will be given the option to select a specific bucket to which funds will be transferred.

Transferring funds between buckets within the same account.

Transferring funds between buckets in different accounts.

Deposits initiated in the Flourish platform: For deposits into your Flourish Cash account that are initiated from within the Flourish platform, you can specify into which bucket(s) you would like the funds deposited or have the incoming deposit follow the account deposit settings. Deposit settings allow you to automatically distribute funds to specific buckets according to a specified percentage.

Deposits initiated outside of Flourish: Externally-initiated deposits, such as recurring paycheck direct deposit or an annual bonus, follow the account deposit settings. If deposit settings have not been customized, then the funds will be deposited directly into the primary bucket.

Incoming wire transfers (sent into Flourish account): Incoming wire transfers follow the account deposit settings. If deposit settings have not been customized, then the wire transfer will be deposited directly into the primary bucket.

Withdrawals initiated in the Flourish platform: For withdrawals from your Flourish Cash account that are initiated from within the Flourish platform, you can specify from which bucket(s) you would like the funds drawn.

Withdrawals initiated outside of Flourish: Externally-initiated withdrawals, such as automatic monthly credit card payments or annual insurance premiums, pull from the primary bucket first.

Outgoing wire transfers (sent out of Flourish account): Funds withdrawn from your Flourish Cash account via wire transfer will be drawn from your primary bucket and then, if needed, from your bucket(s) with next-highest balance(s). This process is done together with the Client Support team.

For recurring transfers, deposits follow the account deposit settings. To make any changes on an individual transfer created as part of the recurring series, you must wait for the transfer to be scheduled and then edit it from within the Flourish platform, or you can edit your account’s deposit settings and the recurring transfer series will follow these updated settings.

Recurring withdrawals will be drawn from the primary bucket first, and then, if needed, from your bucket(s) with next-highest balance(s). To make any changes on an individual transfer created as part of the recurring series, you must wait for the transfer to be scheduled and then edit it from within the Flourish platform.

SmartBalance is set up at the account level, meaning it checks your total Flourish Cash account balance, not specific bucket balances within the account. All incoming SmartBalance transfers will be deposited according to your Flourish Cash account’s deposit settings. If deposit settings have not been customized, then the funds will be deposited directly into the primary bucket. All outgoing transfers will be withdrawn from your primary bucket first and then, if needed, from your bucket(s) with next-highest balance(s).

No, buckets are not accounts or sub-accounts, and so do not have distinct account or routing numbers. Your Flourish Cash account will continue to have the same account number and routing number as today.

If the transfer amount exceeds the funds available in the bucket you selected, the remaining amount will be withdrawn from your primary bucket and, if necessary, then from the bucket(s) with the next-highest balance(s).

For individual transfers, you can override the account deposit settings, which allows you to allocate a specific dollar amount of a transfer to specific bucket(s).

Deposit settings allow you to automatically distribute funds to specific buckets according to a specified percentage. To set up deposit settings:

1. Log in to your Flourish account and select the account you'd like to ‘Manage’ from the dashboard
2. From the top navigation, select 'Buckets'
3. Click ‘Customize’ in the white box that describes the deposit settings
4. Type in a percentage next to each bucket. This is the percentage of an incoming transfer that will be allocated to that bucket
5. Save your updated deposit settings

You can update these settings at any time on your buckets page, or override these settings for individual transfers. 

Yes, you can delete custom buckets from your ‘Buckets’ page, but you cannot delete the primary bucket for the account. A bucket cannot be deleted if it is specified in the account’s deposit settings or if it has a pending transfer. If a bucket is specified in the deposit settings, you will need to update the deposit settings before deleting the bucket. If there is a pending transfer for the bucket, then once the transfer is complete, the funds can be moved and the bucket deleted.

Yes, you can customize the bucket category, nickname, and goal amount on all custom buckets. The primary bucket cannot be edited or deleted.

Yes, as long as they have unique nicknames.

Yes, buckets are available for individual, joint, trust, and business accounts.

Yes, your interest rate^§ and FDIC insurance coverage through the Program Banks^Ω is applicable to the entirety of your account balance. View current rates and coverage in our program summary.

No, interest is earned at the account level and paid into the primary bucket.

No, buckets are not reflected in the data exported to QuickBooks or Quicken.

There will be no changes to 1099-INTs for accounts with buckets. You will continue to receive one 1099 per account. Buckets will not be itemized on your 1099. 

There will be no changes to monthly statements for accounts with buckets. You will continue to receive one monthly statement per account. Buckets will not be itemized on your monthly statement.

All account funds are moved into the primary bucket. You can then instantly move funds between buckets within the same account.

If account visibility settings are turned on, advisors can view your buckets and bucket-level activities.^∆ Advisors cannot actively manage buckets. Any advisor-initiated transfers to linked brokerage accounts will pull funds from the primary bucket, and then, if needed, from your bucket(s) with next-highest balance(s).