This involves giving your bank an instruction to remit a certain amount into your mutual fund account every month. A direct debit allows you to conveniently make payments into your mutual fund investment without the inconvenience of issuing cheques or going to the bank to transfer funds.

Benefits

1. It can be used as a financial planning tool
2. Hedges your risk
3. Flexible and Convenient

Direct Debit Mandate

Direct Debit mandates can be increased or decreased. Clients will be required to complete an update form when they want to increase/reduce the amounts they remit into their investment periodically.

A direct debit mandate can be set up with any bank account,

Direct Debit Termination

There is a form to cancel a direct debit mandate. Please let the client cancelling know that the termination process takes two (2) weeks.