How to Set Up A Recurring Direct Debit Deposit With Your Bank

Set up direct debit to stay on track with your financial plans.

Direct debit is a fast, secure, and automated way to stick to your long-term financial plan. By investing regularly, you’ll be able to reduce the amount of volatility in your investment portfolio. Plus, it’s a proven way to build long-term wealth.

We have prepared an easy guide on how to set up your recurring deposits. Just follow the steps below for your respective bank. It’ll only take a few minutes!

• Set up direct debit on StashAway with Maybank
• Set up direct debit on StashAway with CIMB
• Set up direct debit on StashAway with Public Bank
• Set up direct debit on StashAway with other banks

These following instructions are current as of April 2024 and are subject to change based on any design or operational changes that the respective bank might implement. 

Set up Direct Debit with Maybank

1. Log into your StashAway app.

2. Select "Transfer", and then "Deposit".

3. Under the “Direct Debit” tab, select “Set up Direct Debit”.

4. Key in your bank account details. Then, select “Continue”.

5. You will then be redirected to the Maybank mobile app to proceed with the set up. 

6. Log into your bank account and fill in the required information. Review the information, and select “Submit”. Continue to authenticate the request by following the instructions provided by your bank. 

7. Then, after successfully authorising the transaction, select “Return to Merchant’s Page”. 

8. You’ll automatically be brought back to the StashAway app. Then, continue to set up your recurring deposit plan by clicking “Schedule a recurring deposit” under the Direct Debit tab.

9. Select the Direct debit bank account, and choose the portfolio you want to make a deposit into.

10. Schedule a recurring deposit by selecting a date and a desired amount. Continue by reviewing your deposit information, and select “Confirm” on the following screen.

11. That’s it! Your bank will send us the exact deposit amount on your chosen date. Once we receive the funds, we’ll allocate them into your investment portfolio.

With your recurring direct debit setup, you'll now be able to deposit directly and easily from your bank account any time.

Set up Direct Debit with CIMB

1. Log into your StashAway app.

2. Select "Transfer", and then "Deposit".

3. Under the “Direct Debit” tab, select “Set up Direct Debit”.

4. Key in your bank account details. Then, select “Continue”.

5. You will then be redirected to the CIMB mobile app to proceed with the set up.

6. Log into your bank account and fill in the required information. Review the information, and select “Submit”. Continue to authenticate the request by following the instructions provided by your bank. 

7. Then, after successfully authorising the transaction, select “Return to Merchant’s Page”. 

8. You’ll automatically be brought back to the StashAway app. Then, continue to set up your recurring deposit plan by clicking “Schedule a recurring deposit” under Direct Debit tab.

9. Select the Direct debit bank account, and choose the portfolio you want to make a deposit into.

10. Schedule a recurring deposit by selecting a date and a desired amount. Continue by reviewing your deposit information, and select “Confirm” on the following screen.

11. That’s it! Your bank will send us the exact deposit amount on your chosen date. Once we receive the funds, we’ll allocate them into your investment portfolio.

With your recurring direct debit setup, you'll now be able to deposit directly and easily from your bank account any time.

Set up Direct Debit with Public Bank

1. Log into your StashAway app.

2. Select "Transfer", and then "Deposit".

3. Under the “Direct Debit” tab, select “Set up Direct Debit”.

4. Key in your bank account details. Then, select “Continue”.

5. You will then be redirected to the Public Bank mobile app to proceed with the set up.

6. Log into your bank account and fill in the required information. Review the information, and select “Request PAC”. Continue to authenticate the request by following the instructions provided by your bank. 

7. Then, after successfully authorising the transaction, select “Return to Merchant’s Page”. 

8. You’ll automatically be brought back to the StashAway app. Then, continue to set up your recurring deposit plan by clicking “Schedule a recurring deposit” under the Direct Debit tab.

9. Select the Direct debit bank account, and choose the portfolio you want to make a deposit into.

10. Schedule a recurring deposit by selecting a date and a desired amount. Continue by reviewing your deposit information, and select “Confirm” on the following screen.

11. That’s it! Your bank will send us the exact deposit amount on your chosen date. Once we receive the funds, we’ll allocate them into your investment portfolio.

With your recurring direct debit setup, you'll now be able to deposit directly and easily from your bank account any time.

Set up Direct Debit with other banks

1. Log into your StashAway app.

2. Select "Transfer", and then "Deposit".

3. Under the “Direct Debit” tab, select “Set up Direct Debit”.

4. Key in your bank account details. Then, select “Continue”.

5. You will then be redirected to your bank’s mobile app to proceed with the set up.

6. Log into your bank account and continue to authenticate the request by following the instructions provided by your bank. 

7. Once authentication is complete, you’ll automatically be brought back to the StashAway app. Then, continue to set up your recurring deposit plan by clicking “Schedule a recurring deposit” under the Direct Debit tab.

8. Select the Direct debit bank account, and choose the portfolio you want to make a deposit into.

9. Schedule a recurring deposit by selecting a date and a desired amount. Continue by reviewing your deposit information, and select “Confirm” on the following screen.

10. That’s it! Your bank will send us the exact deposit amount on your chosen date. Once we receive the funds, we’ll allocate them into your investment portfolio.

With your recurring direct debit setup, you'll now be able to deposit directly and easily from your bank account any time.