Invest & ISA - Account Funding Conditions Update

[George]

@Vedran

Currently only available source is card top up, which will limit autoinvest feature with this 2k limit. Will we get autoinvest from free funds soon or direct debit?

We have increased the priority of the “AutoInvest from free funds” feature significantly and will be releasing it as soon as possible. Bacs & SEPA Direct Debit is coming early 2021 as well.

@saifali

I understand where this is coming from, by why are mentors like iDEAL, Sofort and Giropay getting fees? I know that iDEAL costs a couple of cents per transfer in bulk, similarly Sofort, though not sure about it.

Unfortunately, these methods cost us % on volume and are also currently unsustainable with the volumes we process.

@adm

Unless I’m missing something:
Can’t people just fund their CFD account then move funds to the Invest/ISA for free ?

The transfer funds option CFD ↔ Invest / ISA will remain available, however, we’ve implemented measures to detect attempts to workaround the Invest / ISA deposit fee.