Recurring Deposits - Frequently Asked Questions

What is a recurring deposit?

A recurring deposit allows you to build your portfolio through regular, fixed deposits over a specified period. With a recurring deposit, you can select a predetermined amount of money to be deposited to your Composer account based on a frequency of your choosing. For example, if you choose to have a recurring deposit of $100 with a monthly frequency, $100 will be deposited into your Composer account from your linked bank account on the 1st of every month.

How can I set up a recurring deposit?

You can set up recurring deposits for your Composer account by:

1. Login to your Composer account
2. Select your profile in the top right corner

3. Select Accounts & Funding

4. Select Add Money on the left hand side
5. Select the account you want the recurring deposits to in the dropdown menu, and choose the amount as well as the frequency of the deposit

6. Select Next, verify the amount and frequency, and then select Confirm deposit

Once you complete these steps, your recurring deposit will be set! You can review your recurring deposits in your profile at any time by selecting Recurring Deposits on the left side of the screen.

How can I set up a recurring deposit?

You can modify recurring deposits for your Composer account by:

1. Login to your Composer account 
2. Select your profile in the top right corner 
3. Select Accounts & Funding
4. Select Recurring Deposits on the left hand side
5. Select Modify

How can I cancel a recurring deposit?

You can cancel recurring deposits for your Composer account by:

1. Login to your Composer account 
2. Select your profile in the top right corner 
3. Select Accounts & Funding
4. Select Recurring Deposits on the left hand side
5. Select Cancel
6. Confirm your cancellation