Skip to main content

Understanding Your Checking Account

Support avatar
Written by Support
Updated over 3 weeks ago

Your Checking Account is one of the most important balances in Algosone. It acts as your flexible wallet for profits, deposits, token purchases, and reinvestments. Understanding how it works is key to managing your funds effectively.


What is the Checking Account?

The Checking Account is a liquid balance inside your Algosone account. Profits from trading plans and certain deposits are credited here. From this balance, you can withdraw, reinvest, or use funds for token purchases.


Key Functions

  1. Profit Collection

    • Daily profits from 1-Month and Standard Plans are credited directly to your Checking Account.

    • Profits from High-Yield Plans are released here only at plan maturity.

  2. Deposits

    • You can deposit funds directly into the Checking Account by using Top Up Checking from the dashboard.

    • These funds are available instantly for new plans or token purchases.

  3. Token Purchases

    • During AIAO token presale stages, Checking Account funds can be used to secure tokens quickly.

    • The balance integrates with the Buy Tokens feature on your dashboard.

  4. Withdrawals

    • You can withdraw funds from the Checking Account at any time, subject to withdrawal rules and fees.

  5. Reinvestment

    • Funds in Checking can be used to add new plans or reinvest into existing plans.


Viewing Your Checking Balance

  • Navigate to the Balance panel on your dashboard.

  • Checking will be listed alongside your Token, Trading, and Plan balances.


Pro Tips: Keep some funds in your Checking Account for flexibility and quick participation in promotions or token sales.

Did this answer your question?