Investing with BPAY® is simple and flexible;
You can make regular recurring additions to your existing investment at the frequency and amount of your choosing# (subject to a minimum of $500 per transaction^).
You do not need to send an instruction to the Unit Registry when adding to your investment using BPAY® or when changing the amount and/or frequency of a recurring BPAY® payment.
BPAY® payments generally clear overnight. Faster clearance times mean that units will be issued to you earlier.
At present, only existing investors can use BPAY® to add to their investment in a Magellan fund or to make an investment in another Magellan fund. BPAY® is not currently a payment option for new investors.
BPAY® is available as a method of payment in the online banking portals of most Australian banks and financial institutions. We recommend that you contact your bank or financial institution to confirm that you can use BPAY® to make a payment from your account, or if you are unable to locate BPAY® in your online banking portal.
Once you have logged in to your bank or financial institution’s online banking portal, follow these steps to add to your existing investment:
# Subject to your financial institution or bank supporting scheduled payments and systems availability.
^ Minimum additional investment for Magellan High Conviction Fund (Class B) using BPAY® is $1,000.