Automate internal funds transfers
Stuart
It’d be useful to automate funds transfers between AU primary cash, AU autoinvest cash, and US primary cash using either a dollar or percentage target. Sometimes my primary cash account ends up with a surplus leftover from investments, dividends, etc. Ideally, I’d love to automatically transfer 100% of my primary cash to my autoinvest cash account just in time for my autoinvest to initiate.
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Michael Marshall
This would be super helpful. My AU cash keeps filling with excess money which I want to be able to auto invest.
As OP mentioned, the excess is from dividends.
The existing automation rules don't seem to be able to do this, not that I've found anyway.
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Andrew Williams
I would like this feature or a variation of it also. In my case i don't want to connect my bank account directly to Pearler or have a set amount taken every few weeks, that is not optimal for me. I generally like to choose the amount i move every pay cycle. The issue stems from using manual payments for automate and you can only use payid to deposit into this account. My bank only allows $1000 a day which is annoying as currently I have to do 1-3 days of transactions when i would prefer to do 1 transaction via bank deposit then either have it auto-moved or i can transfer it over. Alternatively make it so we can bank deposit straight into our autoinvest account. Currently it is nearly easier for me to do 1 bank deposit and go allocate shares to the lowest percentage one manually.
Hayden Smith
Merged in a post:
Auto sweep or recurring transfer
R Vermeulen
Currently autoinvest can only get recurring transfer from external account, why not add internal cash account to draw from to autoinvest.
Hayden Smith
Merged in a post:
Auto Sweep Functionality from Primary Cash to Autoinvest Cash Account
Daniel Fisher
It would be great to have a basic sweep option such that daily (weekly? Perhaps set by user) Pearler could automatically sweep anything above a specified Primary Cash Available balance over to my Autoinvest Cash account. I love the idea of Autoinvest though it seems geared towards people who have a fixed and regular income from a single source account.
I have varying monthly income and have irregular deposits from other sources such as rent, bonuses and dividends that I direct straight to my Pearler account. Currently I must regularly login to Pearler to manually transfer money from Primary Cash to Autoinvest Cash to allow Autoinvest to do its thing.
I have this type of sweep feature on some of my everyday accounts that sweep to the attached high interest online saver accounts from the same institution.
Such a sweep function would be AMAZING as it would allow me to direct any random money coming in to sweep to Autoinvest without need for my manual intervention. It would really help me to achieve boring investing for the long-term!
Hayden Smith
Merged in a post:
Automate primary cash to auto invest cash
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Daniel Bartlett
Hello.
Would like to please have a feature added than can automate a regular transfer from primary cash to auto invest cash. Similarly to how it would work for dividend reinvestment with that option ticked?
Hayden Smith
Merged in a post:
Auto transfer from cash account to autoinvest account
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Danny Hua
For purposes of auto-invest
Hayden Smith
Hi Danny, I'd love to know more about the use case that would motivate this?
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Annabel Ecroyd
Hi Hayden. Just checking if this has progressed as I think this would be a great addition. This would allow sweeping of funds sitting in an AU cash account to the Automate account so the funds do not have to be moved manually. Currently when funds are manually transferred from an external account to Pearler they land in the AU cash account in and a few days for them to clear you then need to go in and move those funds to your Automate account. This would prevent the need to do this.
Daniel Nehl
It looks like this is now available;
Finbar Berkon
This would be nice. I have dividends that are too small for dividend reinvestment transferred directly into pearler and I have to manually transfer them to autoinvest. Hardly the end of the world for me, but it would be nice :)