Brokerage accounts can now be funded automatically. Freedom Investments clients can set up recurring transfers from a bank card, while the fee depends on the issuing bank: transfers from Freedom Bank cards are free, while cards issued by other banks are subject to a 2% fee, DKNews.kz reports.
The new feature is available in the Freedom Broker mobile app and web platform. Clients can choose the amount, currency and frequency in advance, after which funds will be transferred to their brokerage account automatically.
Weekly or monthly transfers are available
Freedom Broker offers two recurring funding options. Clients can schedule transfers either every Monday or once a month on the 1st.
The first payment is processed immediately after the feature is activated, so users do not have to wait until the next scheduled date.
The minimum amount per transfer is KZT 500, USD 1 or EUR 1. The maximum is USD 9,999, or the equivalent amount in another available currency.
Clients can set up recurring brokerage account funding by selecting the currency, amount and preferred frequency.
0% fee with Freedom Bank cards, 2% with other banks
One of the key differences is the transaction fee.
Top-ups made with a Freedom Bank card carry a 0% fee. If a card issued by another bank is used, the standard 2% fee applies.
The difference becomes more significant for clients who make recurring deposits, as the total cost depends not only on the size of each transfer but also on how often the account is funded.
For security reasons, the bank card must belong to the owner of the brokerage account. The cardholder’s details must match the brokerage account holder’s information.
Automatic funding does not mean automatic investing
The feature only automates the transfer of money to the brokerage account. It does not automatically buy shares, bonds or other securities.
Clients remain fully responsible for deciding which assets to buy, how much to invest and when to place trades.
In other words, only the funding process is automated. The money can arrive according to a preset schedule, while all investment decisions remain under the client’s control.
How to activate automatic top-ups in Freedom Broker
In the Freedom Broker mobile app, users need to open: Menu → Orders → Funds → Recurring Investments.
They can then select the currency, enter the amount and frequency, choose or add a bank card, and confirm the setup.
On the web platform, the feature is available under: Account → Funds → Recurring Investments.
After entering the required parameters, the client needs to submit the instruction. Recurring account funding can be activated here.
The feature can be disabled at any time.
