The Auto-deposit feature is currently only supported on the Sarwa mobile app.
Once you have your app handy, you can follow the instructions below:
- Open your Sarwa account and click on Fund option at the bottom menu
- Select the "Create an Auto-deposit" option
- Select which of your Sarwa accounts you would like the auto-deposit to arrive in (Invest, Save, Trade)
- Select which bank you would like to deposit from
- Input all the deposit details such as the amount of money, frequency, and the end date of your auto-deposit
- Use the step-by-step instructions provided in our app to set up this auto-deposit by using your bank's online system or their mobile app
- Complete all the steps required from your bank's side
- Select "I've Set-up the Auto-deposit" and you are all done
Please ensure that you register your auto deposit on the Sarwa app. If no action is taken, we may process the funds into one of your Sarwa accounts. You can then use the funds in that account or transfer them to another Sarwa account as needed.
Important information: setting up an auto-deposit requires you to set up the deposit on Sarwa's app and on your bank's app. If you have an auto-deposit pending for a long time, you may have missed one of those steps.
Keep in mind that some banks only support this feature in their online system, while others do so only in the app. We specified this information from UAE banks whenever possible but if you will be funding from an international bank account, you may need to reach out to them to specify this information.