You can now use your Trading 212 accountâs free funds as an AutoInvest deposit source. This means you can fund your pies via bank transfers. Automatically!
How to set it up in 2 steps
If you are creating a new pie, on the funding step, select âFree fundsâ as a payment method. If you already have a pie, you can change its payment method from the AutoInvest tab.
Now the pie will invest your unused account cash according to the deposit schedule youâve set.
Schedule a recurring bank transfer (Standing order) using your online banking app. The execution date should be 2 to 3 days before your pieâs investment date. This way, your money will arrive in your Trading 212 account just before your pie needs them.
As always, weâre here if you have any questions.
A notification saying it failed due to insufficient funds would be good if not already present. And a âdeposit funds and retryâ would be a good addition to link to that notification.
I donât know how you managed to do it, but after countless pleas and requests, you managed to release this long awaited feature right on my birthday ⊠Wonderful birthday present!
@George One thing I noticed is that although I have setup the autoinvest for each Monday yesterday, the next run time is not 23.05, but 30.05. Might this be a minor bug?
1/( % pie slice/100) = minimum investment requirement. So, the minimum investment is essentially based on the percentage of your smallest pie slice. In other words, if you have a slice small enough, yes, youâll be able to invest exact amounts to the cent(even below the minimum value order of 1EUR/GBP/USD. (Fund distribution must best to " Custom" ).
At the moment Auto-investing is only available âBy Targetsâ. In addition, Autoinvest doesnât execute orders during weekends. Those that were placed during non-working hours for a certain exchange are postponed until the next working day and executed then.
Auto-Invest will skip an upcoming payment if half or less than half of the scheduled investment period has not passed. You can find more info along with an example in this article here
If any further questions arise, donât hesitate to ping me or send me a private message and Iâll assist you further
I donât think he is planning to invest less than 1EUR/USD/GBP, but rather invest an exact amount of money⊠like 150.25USD. I use the Web UI as a workaround (as that allows more precise investments), but it would be good to have the same in the mobile app.
You are supposed to setup a recurring payment to the Trading212 account from your bankâs app. The bank will execute the order with a specified recurrence and send the money to the Trading212 account. Once there at the setup time interval Trading212 will autoinvest the funds in your pie(s).
So you have to look into your banking application to setup those.
⊠Wonderful birthday present!
