When you set up a recurring bitcoin purchase with Beaver we save your bank account information in order to initiate a weekly transfer. We record your account, institution and transit numbers in order to automatically initiate your weekly bank transfers.
It is your responsibility to have enough funds in your account when your bank transfer is processed.
If there is not enough funds in your account when our transfer request goes through, you will be charged an insufficient funds fee (NSF fee) from your bank, which is typically around $40.
Our recommendation is to always have at least three times as much money in your bank account as your weekly purchase amount. If your bank account runs lows, we recommend pausing your recurring buy plan. Additionally, you can track the timing and status of your transfers from your Dashboard when logged in at beaverbitcoin.com. See this post on transfer timing for more.
Pause your plan from the recurring buy dashboard.
In summary, Beaver Bitcoin does not receive your bank account balance data. It is your responsibility to ensure there is enough funds in your bank account when your bank transfer request goes through to avoid an insufficient funds fee. If you are cutting it close, pause your plan.