PEARLER FEATURES
Deposit part of salary directly into Pearler cash account
I invest into pearler micro by monthly auto-debit from my bank account. My employer allows salary splitting into multiple account. Since pearler creates an AUD cash account for us, I was wondering if I can get a part of my salary directly deposited into the pearler cash account and auto invested. I asked the pearler support chat the same question but their answer was - "Currently Pearler account can only accept deposits form a users own Bank account, For compliance reasons, we don't generally encourage depositing from multiple different bank accounts". I was wondering if this is just a compliance thing or a hard rule? Has anyone tried this?
2 Comments
nick nicolaides
PEARLER
2 days ago
Hi Ankur,
Firstly, we love to hear about how people are trying to automate more and more of their investing. This is a relatively new space (HR platforms), so we’re trying to manage risk but also learn how to help investors do the right thing. It’s definitely on our radar and we are keen to find a way.
The response you got from our team is right, but I would add we are obligated to ensure the funds deposited into your pearler account are yours. We may ask for proof of this, but we accept multiple forms of proof. If it’s something you are worried about, try sharing some more info via our secure chat (not here) that proves the funds are being directed by you (maybe a screenshot etc) when you put the automation in place. This way, as we do our cheques, if anything is flagged you already have a record.
Hope this helps.
Nick
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