Top-ups
In this guide, we introduce you to the powerful top-ups feature, which allows users to invest as quickly as possible by increasing their available cash balance. With top-ups, users can seamlessly invest in assets without having to wait for their funds to settle, making investing more efficient and convenient.
How top-ups work
Top-ups enable a smooth investment process as the funds are available when users need them. This also means that users do not miss out on investment opportunities.
Generally, top-ups processes are completed in real time and settlement of funds is expected at a later date, allowing users to invest immediately without having to wait for funds to be released.
The workflow for top-ups usually looks like this:
The client sends a top-up request on behalf of their users. For example, after the placement of an order.
Upvest increases the credit balance of the account group by the desired amount in real time.
The client later ensures for the transfer and settlement of top-up cash amount in the Upvest bank account.
Note that the cash amount of the top-up request must be fully settled within a timeframe agreed with the client. It is important that the client monitors the settlement process to ensure that there are no delays or issues that could affect the user's investment strategies.
Process overview
The following flow diagram illustrates the flow including all related status changes, and cash balance updates:
