If you have a verified Shares account, you will have the option to make payments to your Shares account through a regular bank transfer directly from your banking app to your Shares account. Depending on your country of residence, you will be able to make payments only in the respective currency available in your country (please check the available payment methods and currencies here). We do not charge any commission on payments made through regular bank transfer. However, if you are making payments from a different currency account, you might be subject to currency conversion fees by your bank. Please get in touch with your bank to identify the fee on such transfers.
Few things to note before you start:
You can only make a regular bank transfer from an account in your name. According to our terms and conditions, it is prohibited to make payments from or to a third party account.
Making a regular bank transfer:
To make a bank transfer, choose “Regular bank transfer” as your deposit method (you won’t need to choose if it is the only deposit method in your country) – you will see the details of your Shares account to transfer money to. Tap on the “Copy” icon next to a field, paste the info to your banking app and make the transfer. Once your deposit is completed, your bank account will be linked to your Shares app so you can withdraw funds to it.
Timeframes:
If you are a UK-based customer, your regular bank transfer should arrive instantly, but can take up to 3 business days if your account is not connected to the Faster Payments scheme in the UK. Once your deposit arrives, you will see it in the “Cash” screen. We will also notify you via push notification when the deposit has arrived and is ready for you to invest.
If you are based in an EEA country, deposits through regular bank transfer will reach your account instantly if your bank is a member of SEPA Instant. Otherwise, it will arrive within 1-2 business days. Once your deposit arrives, you will see it in the “Cash” screen. We will also notify you via push notification when the deposit has arrived and is ready for you to invest.