Question 1

What’s a Braid Pool?

Accepted Answer

Braid Pools are similar to a traditional “money pool” but a lot more flexible and persistent. They’re multi-user, so you can add as many admins and contributors as you like. Pools are private by default—your friends and family need to be invited in order to make deposits, see transactions, and spend from pools. And every pool comes with a debit card so you can spend directly from the pooled funds.

Question 2

How do they work?

Accepted Answer

When you sign up, you’ll create a pool (or pools) for your vacation, for example, “Barcelona Buds.” Then, invite your travel companions, add contributions to each pool, and set permissions. Anyone spending the money can get their own debit card if they want one. Everyone is part of the pool and pays directly into it, so you don’t need to funnel money through anyone’s personal bank account, and you don’t need to set up an LLC to get a business account. You can make purchases directly out of the pool (either via debit card or account/routing number), so you don’t need to track receipts, either.

Question 3

Will you check my credit?

Accepted Answer

We do not check your credit, but we do need to verify your identity if you are going to spend out of your pool/get a debit card.

Question 4

Is it like Venmo? Is it crowdfunding? Is it a bank account?

Accepted Answer

We’re different from P2P apps (Venmo, Cash App, Paypal, etc.) because we are multi-user by design. You can manage the money with as many people as you’d like. We’re different from crowdfunding apps in that we’re not only focused on collection — we focus on the whole process: collect, share, manage, spend. Another important difference is we don’t take a cut of your collections. You keep 100% of what you collect.

Pool Money For Vacations

How Do Braid Pools Work for Vacation Funds?

Start a pool

Share the with your travel group

Collect money from anyone with a debit card

Spend from the pool with no-fee debit cards

One place to pool money for vacations

Invite your travel group

See Transactions

Free to use

We'll Help You Set Up Your Pools

FAQ