How do I set up a Split Rule?

📘

Split Rule

Define a percentage of any inbound payment to be split out and sent to a different destination (a beneficiary that's already set up). You can add multiple destinations and splits.

Eg: Each time a payment arrives, send 2% to Beneficiary A, and 3% to Beneficiary B. The remainder will stay in the account.

The Payment Rules setup screens are accessed by navigating to any account, and selecting 'Account Options' – choose 'Rules on this Account' from the menu displayed.

1. From the 'Rules on this Account' screen, select 'Create a rule for this Account'
2. Select 'Split' from the rule type options displayed
3. Select 'Create'
4. On the form displayed, give your Rule a meaningful name that will help identify it
5. In the 'Split destination' field, select or enter the Beneficiary you wish the split funds to be sent to – this will need to be a Beneficiary you have already set up.
6. Enter the percentage split you want to be sent to the selected Beneficiary each time a payment comes in to the Account
7. Select 'Create'
8. The Rule summary can be viewed in the 'Rules on this account' screen

Note: You can add more than one Split destination and percentage if you need to – each payment that is paid in can be split into defined percentages and sent to multiple destinations. Just select 'Add another split destination' and complete the fields as above.

See also

How do I set up a Conditional Split Rule? →
How do I set up a Sweep Rule? →
How do I set up a Funding Rule? →
How do I edit a Rule's settings? →
How do I delete a Rule? →