A direct debit funding is a process which results in an increase of the cash balance from the user's IBAN specified on their mandate.
It may also be useful to understand cash balances before proceeding further with this guide.
1
The clients send a direct debit funding request on behalf of their users.
2
Upvest executes the request with users' banks.
3
Once the funds are received, Upvest updates the user's account group cash balance.
The settlement of funds typically takes two business days.