Kraken now lets US customers schedule automatic bank deposits, with no deposit fee

What Kraken launched

Kraken said on 10 November 2026 that customers can now schedule automatic deposits from their bank to Kraken, with no deposit fee. You choose the amount and the schedule, and you can pause or cancel at any time. The post says the feature is for the US only.

Kraken's support page calls it Recurring ACH Deposits. ACH is the US bank-to-bank transfer network, and the bank account has to be linked through Plaid, the service Kraken uses to connect to banks. It works in USD only, on the Kraken app and on the web. It is not available in the Krak app or in Kraken Pro.

How a schedule works

You start from Add money, enter an amount, then change the frequency from One time to Daily, Weekly, Every 2 weeks or Monthly and pick a start date. After choosing the linked bank account you accept a standing authorization, which is your permission for Kraken to pull that amount from your bank on every scheduled date. Kraken's video shows the same Frequency sheet, with a monthly option and a Confirm button.

The amount is fixed when you create the schedule, though you can edit it later. Kraken does not support variable amounts or deposits triggered by your balance. Schedules are managed from the Orders item in the Portfolio tab, where you can edit, pause, resume, rename or cancel them and see the next deposit date and the total deposited so far. Kraken sends an email and a push notification when a deposit is created, paused, succeeds or fails.

Fees, limits and holds

Kraken says it charges no fee on any deposit in a schedule, not only the first. Your bank may still charge, for example if a deposit fails because the account is short of money. The minimum deposit is $1. Limits are set automatically from factors such as account history, apply on a rolling weekly basis and cannot be raised on request, and there is also a cap on how many deposits can go through in 24 hours.

A deposit is taken on its scheduled date and usually reaches your balance within five minutes. You can invest it straight away, but each deposit can only be withdrawn seven days after it arrives, so with a daily or weekly schedule the most recent deposits will always be on hold.

Our take

This is a cash-only feature, and that is the point to keep in mind. A recurring deposit does not buy bitcoin or anything else; the dollars simply sit in your balance until you act. If your goal is regular investing, pair the schedule with a recurring buy or plan to place orders yourself, and remember that trading fees still apply to those orders. Also size the amount to your real budget, since a failed pull can cost you a bank fee even though Kraken charges nothing.