You cannot directly edit the amount, date, or frequency of an existing pre-authorized payment. Instead, you must cancel the active instruction and create a new one.
Step 1: Cancel the Existing Transfer
Log in to your ModernAdvisor dashboard.
Navigate to the Transfers tab.
Select the Review Transfers sub-tab to see your active scheduled payments.
Locate the transfer you wish to change and click the Trash Icon to cancel it.
Step 2: Set Up the New Transfer
While still in the Transfers tab, click on New Transfer.
Select the account, enter your new amount and frequency, and choose your preferred start date.
Confirm the details to reactivate your contributions or withdrawals.
Important Timing Note
To ensure a cancellation or change is processed before your next scheduled date, please make these updates at least 3 business days before the transfer is set to occur. This provides enough time for our system and the custodian to stop the upcoming bank pull.