Help Centre
Back to SatrixNOW Submit a ticket
  1. SatrixNOW
  2. Solution home
  3. Recurring Investments on SatrixNOW
  4. Recurring Investments on SatrixNOW
Open navigation

How can a friend or family member setup a debit order into my SatrixNOW account?

Don't have your own SatrixNOW account, but want to contribute regularly to a friend or family member that does?


You can do so easily, by one of two means:


1. A Stop Order with a Recurring Investment out of available funds

This should definitely be the preference for a parent / guardian managing the account of a minor, who wants complete flexibility to edit / cancel the Recurring Investment at any time without the need to complete and send in a form to us. 


Instructions on how to setup a Recurring Investment in this manner are detailed in these two FAQ articles:

a. Using a stop order to fund a SatrixNOW account, and

b. How do I setup a Recurring Investment? 


2. A 3rd party debit order .

This method should be the preference of a friend or family member that doesn't manage the minor account. (ie. Aunt, Uncle, Grandparent, God-mother etc) as he / she can setup the 3rd party debit order by form (per instructions below) and is unlikely to need the flexibility to edit / change it with the frequency to warrant. 


However, the family member may want to consider pushing the funds to the minor account via stop order / frequent payment and then have the parent / guardian set up the Recurring Investment on the platform to operate from available funds a few days later. 


If you prefer debit orders and the forms are not a hassle to send, please follow the instructions below.


All you need to do is send the items listed below to helpme@satrixnow.co.za:

  1. This Debit Order Authority form completed and signed.
  2. A copy of your Barcoded ID card or green ID book.



Once they've received the items above, our client engagement team will process the request and either confirm the setup or request any additional information they might need.


And that's it. Thanks for your contribution to the wealth generation of your friend and family.


All that remains is to open your own investment account on South Africa's best low-cost DIY investment platform. You can do so by simple online registration here - https://platform.satrixnow.co.za/Registration

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.

Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.