Direct Debit payments for your Automated Investment Plan take longer than a regular deposit. The amount will be deducted from your bank account roughly 1 week before appearing on your BUX account, in time for execution of your Investment Plan.
Once your automated Invesntment Plan is setup you can expect the following timeline of events:
- Around 11 days before the plan is to be executed BUX will send you a quick email to let you know what to expect.
- Around 7 days before the Investmemt plan is set to execute your funds will be taken from your bank account*
- The day your plan is set to execute your funds will arrive on your BUX account.
*Good to be aware: We have teamed up with 'Mollie' to process these Direct Debit payments, so when your funds are deducted from your bank account you will see ''BUX by Mollie'' mentioned on the statement.