Do I Need To Pay A Deposit For A Recurring Transfer
For recurring transfers, or fixed payment plans, an advance payment (deposit) is necessary to cover any market risk exposure we may face. No deposit is necessary for non-fixed payment plans.
The deposit is the equivalent of one instalment and you’ll need to transfer it together with your first instalment. Please note that the deposit is not a fee and we’ll use it to pay off the last instalment of your recurring transfer plan.