At Novelist, you can easily start investing by making a deposit. Below, we explain the deposit process:
1. First Deposit
To activate your account and start investing, you need to make an initial deposit of at least 500 euros. This is the minimum amount required to begin your investments with Novelist. Once your first deposit is processed, you can start investing immediately.
2. Subsequent Deposits
After your first deposit, you can manually add additional amounts via iDEAL. You can deposit amounts between 0 and 50,000 euros, and these will be immediately credited to your Novelist account. For deposits via SEPA transfer, there is no maximum amount, so you can transfer larger sums if you wish.
3. Monthly Deposits
We recommend making monthly deposits. By regularly contributing, you are less dependent on market fluctuations and don't have to worry about timing the perfect entry point. This process, also known as ‘Dollar Cost Averaging,’ helps you build a more stable portfolio in the long run. With this strategy, you can steadily and consistently grow your wealth without worrying about daily price movements.
Do you have any questions about how much you should deposit or how the deposit process works? Feel free to contact us; we're here to help!