How to set up a Direct Debit

Direct Debits mean you can add money to an HL account and invest automatically each month. Here's how to set up a Direct Debit.  

On this page

Before you start

  • You will need your login details to hand. If you have not yet set these up by registering for online access, you can register here. 
  • If you don’t have an HL account, you can set up a Direct Debit as part of the application process. 
  • You can invest a minimum of £25 per fund or share each month. 

How to set up a Direct Debit on the website

  1. Log in online to see your accounts.  
  2. Select the HL account you want to invest in, e.g., ‘Stocks & Shares ISA’.  
  3. Select the ‘Monthly savings’ tab from the options above your account overview.  
  4. Select ‘Start a Regular Savings plan in this account now’.   
  5. Ensure you have read the Key Features. 
  6. If you wish to invest monthly in a fund, select ‘Add Fund’.   
  7. Select a fund manager from the drop-down menu, then select a fund from the second drop-down menu.   
  8. Enter the amount you want to invest in your chosen fund every month. The minimum is £25.  
  9. To invest in a share every month, select ‘Add Share’.  
  10. Select a share from the drop-down menu.  
  11. Enter the amount you want to invest in your chosen share every month.  
  12. If you want to leave any money uninvested each month, enter this amount in the last box then select ‘Next’.   
  13.  Add your bank details, then select ‘Next’ to confirm.  
Set up Direct Debit

How to set up a Direct Debit on the app

  1. Select 'Accounts' in the bottom left corner
  2. Log in
  3. Select the account you want to set up a Direct Debit for
  4. Select the menu in the top right corner
  5. Select 'Regular investing'
  6. Read the charges and key features information provided.
  7. Select 'Set up regular investment'
  8. Enter the amount you want to add each month then select 'Continue'. There is a minimum of £25 per month required to set up a Direct Debit.
  9. Enter the name of the bank account holder then select 'Continue'.
  10. Enter the bank account number then select 'Continue'.
  11. Enter the sort code then select 'Continue'.
  12. Review your Direct Debit details then select 'Submit'.
  13. If you wish to set up your Direct Debit to automatically invest each month, select 'Add investments' to search for investments. If you wish to choose your investments at a later date, select 'Decide later'.

What happens next

You will see confirmation of your Direct Debit plan on the next page. 

The money will be taken on the 7th of each month, and your trades made on the 10th.  

Also in Direct Debits

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