How do I set up a Direct Debit for my ICVC?
You can set up a Direct Debit to make payments into your regular savings plan by completing an ICVC application form and returning it with a cheque, made payable to "Invesco Fund Managers Limited", for the first payment. The cheque must be from the same bank or building society account as your Direct Debit.
Please note only accumulation shares are available when investing monthly by Direct Debit. In addition, it is not possible to make monthly payments by Direct Debit into the Invesco Perpetual Money Fund.
New Direct Debits for ICVC investments are automatically set up to collect on the 9th of each month.
New Direct Debits for Invesco Perpetual Children's Fund investments are automatically set up to collect on the 1st of the month for monthly and annual subscriptions.
If these dates fall on a weekend or a UK bank holiday, the collection will be made on the next business day. Shares will be purchased at the next 12 noon valuation point after receipt.
The cheque we receive for the Direct Debit set up, represents the initial Direct Debit payment. We must receive the cheque more than ten working days before the representative collection date, to register the collection for that same month. The Direct Debit collections will start the month following the initial subscription.