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How do I set up Recurring Deposits?

Step-by-step guide to setting up automatic recurring deposits through Altruist.

By Sloane Ortel

Altruist allows you to set up recurring deposits that automatically transfer money into your investment account. You’ll need a connected bank account to proceed.

Desktop Setup Steps

  1. Log in to Altruist
  2. Go to “Add Funds” in top right corner
  3. Click “Deposit”
  4. Select target investment account
  5. Choose funding bank account
  6. Fill out deposit form with:
    • Desired frequency
    • Start date
    • Optional end date (can be left blank for indefinite deposits)
  7. Review and submit

Mobile App Setup Steps

  1. Open Altruist mobile app
  2. Go to “Transfers” on bottom menu
  3. Select “Deposit”
  4. Choose investment account
  5. Select funding bank
  6. Set deposit frequency
  7. Choose start date
  8. Optional end date
  9. Enter deposit amount
  10. Review and submit

Important Timing Notes

  • Funds are typically invested one trading day after receipt
  • Money is removed from your account a day after deposit initiation
  • Recurring deposits provide dollar-cost averaging benefits. Dollar-cost averaging does not guarantee a profit or protect against loss in declining markets.
  • Can be modified or cancelled at any time through the platform

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