What are Auto Deposits?

Auto Deposits are monthly transfers from your bank account into your NuWealth investment account using a Direct Debit, helping you stay consistent with your financial goals through automated investing.

• You can choose a Direct Debit date: 7th, 14th, 21st, or 28th of each month.
• On your selected date (or the next working day if it falls on a weekend or bank holiday), we’ll collect your chosen amount.
• Your deposit will appear in your NuWealth app on the next working day after collection.

Where does the money go?

• Deposit into your NuWealth cash account, where you can manually invest later.
• Auto Invest into one or more funds or individual shares, based on your preferences.

Important to know: Auto Deposits are currently only available for NuWealth investment accounts. Your capital is at risk when you invest.