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Auto invest sweep from bank account
COMPLETED

I'd like pearler to be able to check a nominated bank account on a configurable schedule (e.g. each day) and transfer all funds (in excess of a threshold) instantly to my pearler account for auto invest. An example use case would be a bank account that is used as SMSF cash management account where employer contributions, personal contributions, and dividends/distributions are payed. The account holder wants funds to be 'swept' across to pearler for auto investment into the market per target portfolio

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Chris Phillips

Requested on 14 August 2021

Comments (38)

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Daniel

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Investor

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Tue, 13th June 2023

Is this the same thing you want Arturo? https://pearler.com/feature-requests/643b4de00ead79b55d229b6d-auto-sweep Am hoping for something similar. Cheers, Dan

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Daniel

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Investor

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Tue, 13th June 2023

It looks like there's at least on other feature request very similar to this from Arturo; https://pearler.com/feature-requests/64151993b3fe1d76d675983a-auto-sweep-and-account-and-transfer-all-funds-once-you-hit-the-target I think I've seen other's or at least comments around.

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Daniel

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Investor

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Tue, 13th June 2023

I was about to add a feature request, but saw this here - I'm after the basically same thing. If the amount over the threshold is too small - less than minimum investment amount we nominate (ie; $2000), I'd prefer to leave it in my external bank account. Otherwise my Pearler Autoinvest cash account may not reach the minimum investment amount for another month or more. For me, I think using the exact same minimum investment amount as the threshold for the existing autoinvest minimum would be fine. Ie; so it will always be debiting an amount that's sufficient to autoinvest.

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Daniel

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Investor

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Tue, 30th May 2023

Hi, I would requirement the same as David. If the amount over the threshold is too smaller than minimum investment amount we can nominate (ie; $2000), I'd prefer to leave it in my bank account. If the amount over the threshold is greater than the minimum investment amount, then invest the whole amount greater than the threshold. Thanks, Dan

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Daniel

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Investor

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Mon, 29th May 2023

Hi all, I can't seem to find this feature... Do we still need to request it? Thanks, Dan

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David

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Investor

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Sun, 16th April 2023

Can you make it so Pearlers have the option of: Threshold = Specified amount, Limit = Specified amount. Example: a. Threshold = $0 , Limit = $2,000. Outcome - Bank account reaches $2,121. Anything above the Threshold is transferred to Pearler Auto Invest, in this case $2,121. or b. Threshold = $10,000 , Limit = $2,000. Outcome - Bank account reaches $13,000. Anything above the Threshold is transferred to Pearler Auto Invest, in this case $3,000.

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Hayden

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Pearler

marked this request as

COMPLETE

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Fri, 31st March 2023

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Karen

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Investor

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Tue, 7th March 2023

Pls could you turn on this feature on my account.

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Arturo

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Investor

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Thu, 2nd March 2023

Hello, can there be an option so that threshold is the amount that the account need to reach and the it auto invests. ie: I add $400 to the account weekely and when it gets to say $2000, then it autoinvets.

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Blake

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Investor

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Sun, 19th February 2023

Yes please.

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Hayden

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Pearler

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Sun, 19th February 2023

Hey everyone, we've developed this feature. Does anyone want to try it out? We can enable it for your account.

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Gracemere

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Investor

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Tue, 11th October 2022

This would be brilliant and help with a total hands off approach.

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Rosalie

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Investor

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Thu, 15th September 2022

Yes, this would be great. I would like to maintain a certain cash buffer in account X but anything above that can be transferred into Pearler.

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Pearler

marked this request as

IN PROGRESS

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Fri, 6th May 2022

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David Vandenberg

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Wed, 25th August 2021

This would potentially be a useful alternative to allowing us to transfer directly into the auto-invest accounts with BSB/Account number. Setting up online savers to act purely as funnels for money into portfolios would be pretty easy. It would also allow us to distribute money from a central point.

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Emma

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Sat, 14th August 2021

Nice idea! This would mean we could reinvest our dividends (if opted out of DRP and instead send them to the same bank that auto invest pulls from). Although a weekly/monthly/quarterly option would be nice so interest can be earned on those savings

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Hayden

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Pearler

marked this request as

UNDER REVIEW

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Sat, 14th August 2021

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Hayden

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Pearler

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Sat, 14th August 2021

Great idea, thanks Chris!

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