You asked, and we've delivered! We're thrilled to announce the return of monthly investments and the introduction of our brand-new feature for handling repayments!
Monthly investments are your pathway to making sustainable investments effortlessly every month. Additionally, our new repayment handling feature, which includes automatic reinvestments and withdrawals, lets you manage your repayments smoothly. Simply set up your investment criteria once in the portfolio settings, and we will take care of the rest, automatically investing in loans that match your criteria.
Here’s what you need to know!
Monthly investments in detail:
Automatic and effortless: Just set your investment criteria once, and we'll handle the monthly investments automatically, aligning with your chosen loans.
One-time investment per loan: Each matching loan receives a single investment through this feature, though you can opt to invest manually more than once.
Even distribution: Your investments are split evenly among all matching loans.
Adaptive investment strategy: If no current loans match your investment criteria, we will not make an investment or withdraw money from your card that month.
Investor priority: In competitive funding situations, those who signed up first get priority for monthly investments and automatic reinvestments.
Repayment handling unpacked:
Total control: Choose either to reinvest your repayments or to have them sent directly to your bank account. Please note that reinvestment occurs either on the same day as the monthly investment or on the first day of each month if the monthly investment feature has not been activated.
Investment thresholds: You can set upper limits for reinvestments. This helps determine the maximum amount to automatically reinvest from your Trine account each month. The default amount is currently set at 5,000, but please feel free to adjust it to a more suitable amount for your investment goals. The minimum amount that can be reinvested is €1.
No loan, no issue: If no appropriate loan is available matching your criteria, your funds remain securely in your Trine account.
Effortless withdrawals: Please note that with automatic withdrawals, any funds you have in your Trine account, whether in USD or euros, will be withdrawn on the first day of each month, provided your available balance is €10 or more. This limit is in place due to transaction processing charges. Amounts below this threshold will remain in your account until the minimum is reached.
Exclusive use: Automatic reinvestment and withdrawals cannot be used simultaneously. Opt for the feature that aligns best with your investment strategy.
How to update your settings:
Access portfolio settings: Go to your portfolio settings to adjust or update your investment and repayment handling preferences.
Modify details: To make changes to your monthly investment, select a new amount and save the changes.
To set up automatic withdrawals: Go to My Portfolio → Transactions, scroll down to Wallet, click Withdraw, and you will see the option to enable automatic withdrawals.
Stop monthly investments: To discontinue monthly investments, simply click the 'Cancel Monthly Investments' button.
Should you have any further queries, feel free to reach out to us at hello@trine.com. Dive into these exciting features and elevate your investment strategy with unparalleled ease and automation!