Back to EasyEquities Submit a ticket
  1. Help Centre Home
  2. Knowledge Base
  3. Investing
  4. Recurring Investments

Help Menu

Open navigation

How to set up a debit order for your investments

In the same way that you can set up a debit order to regularly pay your cellphone bill or DSTV account, you can also set up a debit order to automatically transfer money from your bank account into your EasyEquities account at regular intervals of your choosing (Ie. every month / quarter / year).

This article covers how to set up a recurring deposit to your EasyEquities account, which will appear as available funds for you to invest across the platform as you wish. Alternatively, if you have specific shares, ETFs, baskets/bundles or unit trusts in mind that you know you'd like to contribute to regularly, you can also set up a recurring investment for these directly. Read more about setting up this type of recurring investment here.

To set up a debit order into your available funds:

  • Navigate to the menu on the top left of your profile (3 horizontal lines on desktop; EasyEquities abacus logo on mobile)
  • Select "My Recurring Investments" (desktop) or "Recurring Investments" (mobile)
  • On mobile, select the wallet you'd like to funds to be deposited into (either ZAR or TFSA)
  • Click the "Setup recurring investment" button on the bottom option - "AVAILABLE FUNDS"
  • Decide the amount you'd like to deposit every month (and set the amount you'd like it to increase by every year)
  • Choose which day you'd like the debit order to go off on (1st, 15th or 28th of the month)
  • Select which verified bank account you'd like the debit order to come from

Important to note: if your banking details are not verified on the platform, you will see a warning saying that the debit order functionality is not available.

Consult this FAQ for more information on how to get your banking details verified so you can proceed with setting up the debit order.

Unfortunately, not all banks are setup to run through our debit order service.
If you want to see if we can run a debit order off your bank account, please consult our list of debit order banks here.

To view the costs associated with Debit orders, please consult our EasyEquities Cost Profile.

Please note:

  • Funds from debit orders are locked for 40 days
  • If you do not have sufficient funds in your bank account when the debit order is actioned and the debit order bounces, you will still be charged the R100 debit order failure charge.
  • If there are no available funds in your EasyEquities account, your account will be in a negative balance. You will either need to deposit additional funds or contact our trading desk to assist you with selling out of your instruments at tradingdesk@purplegroup.co.za

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.

© EasyEquities. EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized Financial Services Provider (FSP number 22588). All trades on the EasyEquities platform are subject to the legal terms and conditions to which you agree to be bound. The EasyEquities platform enables users to invest in securities which includes whole shares and fractional share rights (FSRs). EasyEquities acts as an agent for the issue of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions and all the economic benefits and risks associated with share ownership.

In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor.

The availability of any share on the EasyEquities platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you.

The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between EasyEquities and the listed company, or the payment of fees for services. Brand Logos are owned by the respective companies and not by EasyEquities. The use of a company’s brand logo does not represent an endorsement of EasyEquities by the company, nor an endorsement of the company by EasyEquities, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the EasyEquities website.

* Note exchange prices are delayed in accordance with regional exchange rules. South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes; Australian prices are delayed by 20 minutes.

EasyEquities is a subsidiary of Purple Group Limited, a company listed on the JSE Limited (PPE)