When you set up your Beanstox account, you have the opportunity to make an initial deposit and also set recurring deposits on a weekly or monthly basis. For your protection, the maximum amount you can fund your account with is $5,000 daily.
You can also set up recurring deposits when you open your account. Not ready to commit to a recurring deposit just yet? No problem! You can edit your portfolio to create or adjust a recurring deposit anytime after your account is funded. These deposits are capped at $1,000 each and are automatically withdrawn from your linked bank account either weekly or monthly depending on your selection.
Note: Your recurring deposits will be withdrawn on the same weekday or month date, or the following business day, depending on when you set up your recurring deposit or made subsequent changes. For example, if your monthly recurring deposit occurs on the 15th and you make changes on the 19th, the auto-invest date will default to the 19th.