Direct debit
You can set up automatic regular deposits into your CMA from external accounts in the same name by completing the Direct debit request form available on ClientView or from your adviser. We will debit an amount selected by you (a minimum of $250 per debit) from the bank or building society nominated on the form. The amount will be deducted on a day of your choice and credited to your CMA, generally on the second Business Day following the deduction. You have a choice of the following payment frequencies:
- monthly
- quarterly in March, June, September and December
- half-yearly in June and December, or
- annually in June.
You can cancel your direct debit at any time without penalty. Please give us 14 days notice in writing and notify us before the 24th day of the month to make the cancellation of your direct debit effective in the following month. Your direct debit will automatically cease if:
- your portfolio is closed
- you do not make at least one investment via direct debit in every 12 month period, or
- three direct debits are rejected in a 12 month period.
We reserve the right to modify or cancel the direct debit at any time. We will first give you 14 days notice in writing.
