We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

How to setup a Direct Debit

Direct Debits mean you can add money to an HL account and invest automatically each month. Here's how to set up a Direct Debit.

Before you start

  • You will need your login details to hand. If you have not yet set these up by registering for online access, you can register here.
  • If you don't have an HL account, you can set up a Direct Debit as part of the application process.
  • You can invest a minimum of £25 per fund or share each month.

How to set up on the website

  1. Log in online to see your accounts
  2. Select the HL account you want to invest in, e.g., 'Stocks & Shares ISA'
  3. Select the 'Monthly savings' tab from the options above your account overview
  4. Select 'Start a Regular Savings plan in this account now'
  5. Ensure you have read the Key Features
  6. If you wish to invest monthly in a fund, select 'Add Fund'
  7. Select a fund manager from the drop-down menu, then select a fund from the second drop-down menu
  8. Enter the amount you want to invest in your chosen fund every month. The minimum is £25
  9. To invest in a share every month, select 'Add Share'
  10. Select a share from the drop-down menu
  11. Enter the amount you want to invest in your chosen share every month
  12. If you want to leave any money uninvested each month, enter this amount in the last box then select 'Next'
  13. Add your bank details, then select 'Next' to confirm

How to set up on the mobile app

  1. Log in to see your accounts
  2. Select the HL account you want to invest in, e.g., 'Stocks & Shares ISA'
  3. Select the 'Monthly savings' tab from the options above your account overview
  4. Select 'Start a Regular Savings plan in this account now'
  5. Ensure you have read the Key Features
  6. If you wish to invest monthly in a fund, select 'Add Fund'
  7. Select a fund manager from the drop-down menu, then select a fund from the second drop-down menu
  8. Enter the amount you want to invest in your chosen fund every month. The minimum is £25
  9. To invest in a share every month, select 'Add Share'
  10. Select a share from the drop-down menu
  11. Enter the amount you want to invest in your chosen share every month
  12. If you want to leave any money uninvested each month, enter this amount in the last box then select 'Next'
  13. Add your bank details, then select 'Next' to confirm

What happens next

You will see confirmation of your monthly savings plan on the next page.

The money will be taken on the 7th of each month, and your trades made on the 10th.

Still need help?

Contact us

Email us