When depositing funds into your Manzil Invest account, you can specify the amount and with which account the interaction should take place.
Depositing Funds
When depositing funds via a bank account, you'll notice the withdrawal amount come via our custodian institution as CI INVESTMENT SERVICES.
For some institutions, you may still see this transaction appear as BBS SECURITIES. Don't worry, this is our custodian institution's old operating name, and your bank may still be in the process of updating this name.
If you're interested in transferring your funds from an existing account instead, learn more about it in our guide to transferring your account to OneVest.
Frequency of Transactions
Manzil Invest allows you to either make one-time deposits or set up regularly scheduled deposits from your bank account as well. Scheduling transfers on a regular basis allow you to save and invest and grow your account accordingly.
Within the Manzil Invest platform, we have the following options available:
Schedule
- Just this once - a one-time deposit
- Weekly
- Bi-weekly
- Monthly
Time of deposit
- Now
- Future Date - you can choose a future date to complete the one-time deposit or begin your regularly scheduled deposits
How to initiate a deposit through a bank transfer
- From the Home Screen or your Goals, click on Invest
- Choose already added bank account or add a new bank account by clicking + Add bank account
- Select which Goal and Portfolio you would like to deposit funds into
- Enter the amount you'd like to contribute
- Choose the frequency of your investment (see above section on Frequency of Transactions)
- Choose when you would like this deposit would go through (see above section on Frequency of Transactions)
- Click Confirm
