How do I schedule recurring funding?

Recurring funding from €50 per month

While there is no minimum for regular contributions (as there is for one-offs), we recommend a minimum of €50 per month for our algorithms to attempt to send buy orders. 

Making regular contributions to your account allows you to have a habit that encourages savings, increases financial discipline, reduces risk and helps to optimize the taxation of your portfolio. At inbestMe we have three functionalities available for you to schedule regular contributions to your managed portfolio:

• Easy Periodic Transfer: We connect directly with your bank to create the periodic contribution order for the amount you have selected. Without leaving the inbestMe environment, you will have to use the credentials you have in your bank to validate the operation (inbestMe will never be able to access your username and password information). The periodical contributions scheduled under this modality will be executed on the 15th of each month (or on the next working day). 
• Traditional Periodic Transfer: We will give you instructions with the IBAN data (destination account number) and the “Reference” or “Concept” that you will have to use to schedule the periodic contribution. With these details, you will have to log into your online banking or your bank's mobile application and order a regular transfer. Don't forget to include the “Reference” or “Concept” that we have provided you with (otherwise the amount received in the destination bank account will not be automatically allocated to your securities account). In the periodic contributions that you schedule from your bank, you can choose the specific day of the month (for example, you may be interested in the periodicity being the 1st of each month).

💡 In either of the two previous cases, the cancellation of the regular contribution must be done directly with your bank. From inbestMe we cannot access to execute this operation. Therefore, and as long as you do not cancel the transfers from your bank, every 15th of the month (or the next working day), the corresponding transfer will be executed.

• Periodic Direct Debit Transfer*: The minimum amount in this case is €250 per month. We will send a direct debit mandate via the Mangopay platform and the charge will be made between the 13th and 16th of each month (it will vary depending on holidays or weekends). At any time and from your inbestMe Client Area, you can modify / cancel your scheduled regular contribution by direct debit. . If the cancellation order is made after the 8th of the month, future regular contributions will be cancelled, but not the current one because it has already been issued (even if it becomes effective a few days later). See the following reference calendar:

💡 It should be noted that although the order is issued between the 8th and 10th of the month, the debit will be executed between the 13th and 15th and the money is received in the Client's account between the 17th and 19th.

Important: 

inbestMe does not apply any charge for receiving any type of transfer. However, depending on the conditions that the client has with his bank, there may be some cost in the operation. This commission (if any) will be charged to the customer.

*The regular direct debit transfer option is not available for corporate accounts. It is also not available for accounts for minors.