Prosper just released a scheduled transfers feature. Prior to this release you had a choice of starting a transfer manually at any time… 4 business days later the money was available for bidding…  

RateLadder, like many ended up with most of my transfers finishing on Thursday. Why Thursday?  Any transfer initiated after the morning cutoff on Friday through the morning cutoff on Money results in transferred money being available on Thursday. 

The manual process increased the effort required to Prosper…  Now with Scheduled Transfers and Standing Orders you can Prosper on autopilot.

I have decided to use the following schedule…

Transfer Start	Money Available	Amount	Period
Apr-20-2007	Apr-25-2007	$50.00	Weekly (no end)
Apr-18-2007	Apr-23-2007	$50.00	Weekly (no end)
Apr-17-2007	Apr-20-2007	$100.00	Weekly (no end)

Basically, it is $50 arriving Monday, $50 arriving Wednesday, $100 arriving Friday.

So I had to schedule transfers starting $50 on Friday, $50 on Wednesday, and $100 on Tuesday. 4 business days before I wanted the money to arrive.

If I really wanted to ramp up money entry and obtain the most even distribution possible, I would use a similar scheme but make 1 transfer for Monday through Thursday and 3 transfers for Friday… The minimum amount required for this pattern is $350 per week if each transfer is the minimum bid.

What is your money movement pattern?

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