First, you connect your bank account with Otto and we'll do the hard work to identify your income and all your monthly payments.

After that, we give you a spending limit (Spend Power) which is the total of funds you’ve transferred into your Otto account plus an additional buffer based on your bank account balance - with no credit check. Any transactions that are greater than what you've already deposited into Otto will be automatically debited from your linked bank account at the end of each business day.

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Once you're all set up, you can immediately access your virtual card and start managing and paying bills with Otto.

It's hands down the easiest way to manage and pay your recurring bills.✨

Let's face it...paying bills remains one of the most stressful and time-consuming tasks there is. 

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Today, over 100 million Americans struggle every month to pay their bills. Those living paycheck to paycheck are at even greater risk of paying overdraft fees if they autopay their bills or paying late due to the fragmented experience of having to log into 10+ websites each month to remember when to pay. 

But paying bills on time has a large impact on a person’s future. It is not just about avoiding fees — credit scores are essentially report cards on paying bills on time. The more bills are paid on time without mistakes, the better the score. The better the score, the more access to credit. And that can make a big difference in people’s daily lives.

Enter Ottopay, a modern and personalized autopay experience built around you, not the biller. Our mission is to remove the stress of paying your bills by automating them to work on your schedule, not the other way around. By having one place to manage and pay all your monthly bills, you’ll save time and avoid those pesky fees that keep you from reaching your goals. Otto is here to give you the financial peace of mind you deserve, one bill at a time. 

Nothing! Nada! Zip! 

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Just like any other credit or debit card company, Otto receives a small fee from the merchant every time you pay a bill or subscription using your Otto Card. This is called "interchange" and is how we can deliver this awesome experience to you 100% free of charge.

To put it simply: security and control. 

Virtual cards act as a layer of protection between your real card or bank account and the merchant. These cards can be a buffer against cases when merchants you shop at get breached, merchant overcharges, or grey market subscription scams. By using Otto’s virtual cards, you keep your real card number protected with total control over who can charge your card, how much, and how often.

Best of all, it’s super easy! You use Otto Cards exactly like how you use your normal credit or debit card, but without any of the anxiety that comes with giving out your physical card’s information knowing that it’s only a matter of time until the next data breach.

Great question! Otto is currently hyper-focused on helping you manage monthly bills like your cellphone plan, cable/internet, car insurance, and all those subscriptions that seem to endlessly pile up on your bank statement. 

Otto does not pay for things like rent, credit cards, loans, or one-time purchases for those sneakers you’ve always wanted. As we expand to other bills, we hope to become your hassle-free bill payment center; where you get to easily arrange and manage your finances without stress.

Otto is not a BNPL for monthly bills.

Otto is designed to help smooth out monthly bills and align them around a schedule you control and that works for your budget. You set money aside on the optimal schedule that works for you and when the bill comes due, Otto will pay it for you.