eToro Enables Clients to Use Recurring Deposits Feature

eToro, a leading social trading provider, has launched a new feature—recurring deposits, an option to set up automatic deposits in clients' account.

Users can decide the amount of money and the currency, and then schedule their deposits using a credit/debit card that has already been connected to their eToro accounts. The minimum amount that users can set up for recurring deposits is 50 USD.

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To enable the new feature:

• Go to Settings and click on Payments.

• Then click on the banner titled “Recurring Deposits”.

• Select the amount and currency.

• Choose one of the debit/credit cards connected to your eToro account.

• Select the frequency of your deposit:

- Weekly: an automatic deposit is made once a week.

- Bi-weekly: an automatic deposit occurs every two weeks.

- Monthly: an automatic deposit occurs once a month.

• After selecting the frequency users have the option to customize the date and/or day of the deposit or accept the default option which is a monthly deposit occurring on the 1st of each month.

At the moment, all users in all clubs can set up recurring deposits, with the exception of users from the US.

As Fazzaco reported earlier, eToro has signed a partnership deal with German football club RB Leipzig​. The partnership will initially run for two years until 2023, with the option to extend.