Setting up an accumulation plan
How to set up recurring purchases, what happens if your euro balance is not sufficient, and how to set up a decumulation plan.
How do I set up an accumulation plan?
-
Go to the “Buy” section
-
Select the currency you want to buy from the dropdown menu
-
Select the “Recurring” type
-
Choose how often you want the purchase to be executed for you
What happens if my euro balance is not sufficient when the plan is executed?
If there is not enough euro available on the account when an order of your accumulation plan is executed, the order is carried out anyway and the amount is charged to your euro balance.
You can then settle the position with a wire transfer or by setting up a direct debit mandate on your bank account. This way you do not lose the frequency set in the plan.
Can I set up a decumulation plan?
-
Go to the “Sell” section
-
Select the currency you want to sell from the dropdown menu
-
Select the “Recurring” type
-
Choose how often you want the sale to be executed for you