Action Types

Action types determine how Sequence calculates the final transfer amount. These range from simple static amounts to dynamic amounts calculated at runtime. Sequence currently supports the following action types:

Transfer fixed amount

Transfer a predetermined amount to your specified destination.

Transfer percentage

This action type allows you to divide an undetermined amount among different destinations based on percentages. If the rule is triggered by incoming funds, you can divide the amount of those funds. If the rule is triggered by a date, you can divide the account balance at the time the rule runs.

     Add account

    To add an account for division, click the blue "Add account" button below the last account.

     Remove account

     To remove an account, click the blue "-" button to the right of the corresponding account.

    Unlike the list of actions, all transfers in a percentage-based division occur simultaneously, so their      visual order has no significance.

Round down

This action type lets you set a desired account balance and transfer any excess funds to a specified destination.

Top up

This action type allows you to top up an account to a desired balance. If the source account lacks sufficient funds to reach the target balance, the rule will transfer all available funds.

Pay liabilities balance (Liability destination only)

Sequence enables automatic payment of liability balances, offering the following options:

• Minimum amount due
• Last statement balance
• A specified percentage of the current balance
• The full current balance

Snowball/ Avalanche

The snowball and avalanche methods are two popular debt repayment strategies:

1. Snowball Method: Focuses on paying off the smallest debt first, regardless of interest rate. As smaller debts are cleared, you gain momentum and motivation to tackle larger debts. This method is great for those seeking quick wins to stay motivated.

2. Avalanche Method: Prioritizes paying off the debt with the highest interest rate first, which reduces the overall amount of interest paid over time. This method is more cost-effective in the long run but may take longer to see visible progress.

Allocating an amount

To allocate funds for the snowball/avalanche methods, choose between a percentage of the account's balance (or incoming funds) and a fixed amount. Then, enter the desired amount.

Adding liabilities

To add liabilities for payment, click "Add account" and select the desired liability.

Adjusting/ adding APR

APR is the interest rate you pay on your liability. Sequence typically receives this information from your lender and displays it next to the relevant liability on the list. However, you can edit the APR if there's an error, or add it manually if Sequence couldn't retrieve it automatically.

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Advanced configuration

Add limit

Sequence allows you to set limits on how much a rule can transfer, regardless of its configuration. This feature acts as a safeguard against excessive transfers in certain situations. You can apply the limit to a single transfer, a week, a month, or an entire year. These time periods are calculated as calendar units. For instance, a week runs from Monday to Sunday, while a year spans from January 1st to December 31st.

Transfer up to

Sequence allows you to make a payment even if you don't have the full amount in your source account. To enable this feature, check the "Transfer up to [your-amount]" checkbox. When selected, Sequence will transfer all available funds, attempting to reach the target amount as closely as possible. If unchecked, the transfer will fail entirely if there are insufficient funds.