AutoInvest needs at least half of your ‘Investment plan’ schedule to pass before making the next payment. When this condition is not met, the scheduled deposit will be skipped.
Еxample:
If you enable AutoInvest on 20 May 2023, and choose a deposit schedule for every 28th of the month, your AutoInvest on 28 May will be skipped. It is because the chosen schedule is 'Monthly', but only 8 days have passed. The required timeframe, in this case, is 14 days or 2 weeks, which is half of the chosen schedule.
Here’s how much your pie will need from the day you enable AutoInvest based on your deposit schedule:
- Daily - 1 business day
- Weekly - 4 business days
- Every 2 weeks - 7 days
- Monthly - 14 days
- Every 2 months - 30 days
*The principle applies to manual deposits also, not only upon pie creation and initial deposits.