Upbeat music plays throughout
Video intro plays
Narrator: Looking to set up automatic investments? With Schwab, you can opt to automatically invest a portion of your funds to eligible mutual funds you already hold within your brokerage account. To get started, navigate to Trade then select Automatic Investing.
Trade, then Automatic Investing is clicked
Narrator: Next, select the account you would like to use for automatic investing from the dropdown menu.
Account drop-down menu is clicked and an account is selected
Narrator: Mutual funds that are eligible for automatic investments will appear in a table, where you can choose to enroll, unenroll or edit their existing automatic investment settings. Be aware that only mutual funds are eligible for automatic investments, and certain account types, like managed accounts, are ineligible for automatic investments. If none of your currently held positions are eligible, you'll instead see a notice stating that there are no eligible mutual funds in this account. Additionally, you'll need to make sure your account has sufficient funds available on the date of investment to cover the automatic investment amount; to do so, you can manually transfer funds, or set up reoccurring funds transfers.
To begin, select Enroll next to the security you would like to automatically invest in, then fill out the enrollment details. Enter the dollar amount, frequency and transaction date. When you're ready, select Continue.
Enroll is clicked, then the form details are filled out
When you're ready, select Continue.
Continue is clicked
Review the automatic investment details on the Enroll verification page to ensure that everything is correct, then select Submit.
Submit is clicked
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