With regular payments, you increase your saving discipline and you can build up your wealth over time.

To set up a monthly payment, go to:

Open your portfolio > 'Options' > 'Set up your monthly top-up'> Accept (continue)

You will be able to choose the monthly investment and the monthly payment day.

Your Direct Debit is automatically set up from your nominated bank account.

Please note for changes to come into effect as soon as possible, you need to allow a minimum of 5 working days clearing time from the set-up date and the desired monthly payment day. If the monthly payment date is within 5 working days of the day that you are setting up, the amendments will come into effect the following month.

Please note: to set up a monthly direct debit, you first need to invest a minimum of £100 in the portfolio.

How to amend a Direct Debit?

You can change your Direct Debit by logging into your InvestEngine account, 

Open your portfolio> 'Options'> 'Monthly top-up'> 'Enter desired amount' > Accept (continue)

You first need to choose 'stop payment' before you can make a change and then input the new Direct Debit amount and/or collection date.

Please note for changes to come into effect as soon as possible, there needs to be a minimum of 5 working days clearing time from your current DD collection date. If you make any changes within 5 working days of this date, the amendments will come into effect the following month.

When will my Direct Debit payment appear in my account?

The date that you choose to make your monthly payment is called the charge date.

Three working days before the charge date an entry will appear in your Transactions tab for your Direct Debit payment and will be marked as 'Processing'. On this day your bank begins to process the Direct Debit.

On the charge date, the funds will be deducted from your bank account. We will receive the funds two working days after this. It takes one working day for the funds to be reflected in your portfolio.

To sum up: Direct Debit payments will appear in your account three working days after the charge date or six working days if we count from the date the transaction is created on your dashboard.