Howdy, we're open during lockdown, operating remotely and our advisers are ready to help. Stay safe!
Whether you’re a newbie or seasoned investor, using your investments on our P2P platform is an easy way to generate a regular income for yourself.
Just a reminder that we can’t offer financial advice on how you should structure your investments, however we can provide some facts on how the platform works.
Most of our investors have invested a chunk of money over time. This results in having investments in a range of different loans, with different repayment dates. During the course of the month, repayments are made which often accumulate in the investors’ account.
You can schedule to have some of your return paid on a weekly, fortnightly, or monthly basis to your bank account (like having a regular tax paid income). To do this, login and head to the On-Call account tab on our website or in the Squirrel mobile app. Three simple steps:
Assuming there is enough money in your call account on the frequency you’ve set up, we’ll make the payment to you. Normally you’ll see the money in your bank account in the evening of your scheduled day. If you set it up before 3pm on a business day, it will happen that day. If you set it up after 3pm, it will happen the next business day.
Cancelling the auto withdrawal is just as easy. If you head to the withdrawal page once you’ve logged in, you’ll see a green box with the scheduled withdrawal information. Simply click on the ‘X’ in the box, and voila, it’s cancelled. You’ll need to do it before 3pm on the day of the withdrawal.
Things to note:
Subscribe to our newsletter to ensure you're the first to get the latest articles and insights from the Squirrel team
We can help. Have a chat to one of our advisers.