Question 1

What is a Braid Pool?

Accepted Answer

A Braid Pool is a new way to collect, manage, and spend money with friends and family. Braid Pools can be used for one-off and ongoing shared expenses.

Question 2

How do Braid Pools work?

Accepted Answer

After you create a pool, you can invite others to join. Your group will pay directly into the pool, and that's where your shared money lives. Each pool comes with free debit cards so you can spend right from your pool.

Question 3

Does Braid charge fees?

Accepted Answer

No fees are collected, so you keep 100% of what you collect. We believe money between housemates shouldn't come with fees.

Question 4

Is Braid secure?

Accepted Answer

We take security very seriously. All payment and personal information is encrypted end-to-end, using industry-standard best practices. This means your pooled money is safe and your personal data is protected.

Question 5

How is Braid different from Venmo, Cash App, Zelle, PayPal, etc.?

Accepted Answer

Braid is designed for group use. Pooled money is held in a dedicated space you can share with others. You can invite as many people as you want to a pool, and set permissions for what they can do like spending money.

Question 6

Does Braid check my credit?

Accepted Answer

We do not check your credit, and do not report anything back to credit bureaus. We are, however, required by law to verify your identity in order to use money on Braid.

Question 7

How many people can be part of our pool?

Accepted Answer

You can add as many people as you want to your pool. You can adjust permissions like spending limits for each member of your pool if needed.

Question 8

How many debit cards can we get for each pool?

Accepted Answer

You can get a debit card for each person in your pool, so there's no need to share a single card with your housemates. The debit cards let you spend from your pool instantly.

Question 9

Where can I use Braid debit cards?

Accepted Answer

Braid debit cards can be used wherever MasterCard is accepted.

Question 10

Do Braid Pools support direct deposit?

Accepted Answer

Yes. Each Braid Pool has a routing and account number. You can use these numbers to direct deposit into the Pool or make payments from the Pool.

Question 11

Can we handle reimbursements in Braid Pools?

Accepted Answer

Yes! Any member of your pool can request money from other members for reimbursements. They will get paid back right out of the pool, so you always know how much money you have available.

Pool Money with Your housemates

How Does Braid Work?

Set Up Your Pools

Invite your housemates

Add money to your pool

Use Braid debit cards to pay together

Your pool your way

Manage access

See transactions as they happen

No fees

Managing Money with Your Housemates

FAQ