Consistency in saving and investing is the key to building wealth. That’s why we’re excited to introduce our new Auto Save feature (formerly known as Auto Debit).
With Auto Save, you can now automate your monthly Cash Ins into your selected funds – whether it’s to save or invest! Set it up once and we’ll take care of the rest.
Why use Auto Save?
It’s basically a “cheat code” to building a better money habit:
- Put your wealth on autopilot ✈️: Put your investing on autopilot for total peace of mind. Auto Save ensures you never miss a month or lose your wealth-building momentum. Just set it, forget it, and let compounding do the rest!
- No more “timing the market”: With Auto Save, you’re practicing Dollar-Cost Averaging. You invest the same amount every month regardless of whether the market is up or down. It takes the stress and emotions out of the game.
- Small steps, big results: Whether it’s for an emergency fund, a dream holiday, or your first home, Auto Save helps you get there one month at a time.
Should you set up an Auto Save Plan?
Setting up an Auto Save plan is a great and easy way to consistently save and invest.
Here’s why:
Consistency helps you earn more with the power of compounding.
Compounding returns are essentially returns earned from previous returns earned. By staying invested and consistently adding to your initial capital, this will lead to your wealth growing faster overtime.
Automate dollar-cost averaging and avoid making emotional investing decisions.
Dollar-cost averaging is an investing strategy where you invest the same amount of money consistently every week or month, regardless of market conditions. By investing in the highs and lows, you’re averaging the amount you invest over a long period of time, maximising your potential returns.
Through Auto Save, you only need to commit to your regular investment amount, which takes the emotion out of the investment process.
By saving consistently in the right place, you will be able to build a sizable fund to meet your financial goals – whether it’s for an emergency, house, or travel.
So update your app now to access the new feature!
How long until your Auto Save reflects in Versa?
📌 Note: We recently changed the name from “Auto Debit” to Auto Save! Our tutorial video above still uses the old name, but the transaction process hasn’t changed a bit. Just follow along and you’ll be good to go.
The Auto Save Date is designated on the 5th day of every month
This is the day when your Cash Ins are automatically made from your chosen bank account to your chosen product on Versa app. If the 5th day of the month falls on a weekend or public holiday, then the Auto Save Date will fall on the next business day.
Example 1: 5th July 2026 falls on Tuesday, which is a business day. No change to the Auto Save Date. Your Cash In will be automated as scheduled.
Example 2: 5th August 2026 falls on a Saturday, hence the Auto Save Date for the month of August will fall on 7th August 2026.
Please set up your Auto Debit Plan at least 6 business days before the Auto Save Date
As all Auto Save are only carried out on the 5th day of every month, you are required to set up your new Auto Save Plan at least 6 business days prior, for us to complete processing. The daily cut-off time to set up your Auto Save Plan is 3:00pm.
Example: If the upcoming Auto Save Date is 6th April 2026, please set up your new Auto Save Plan before 3:00pm on 27th March 2026.
Frequently Asked Questions (FAQs)
1. Why should I set up an Auto Save Plan?
An Auto Save Plan is a great and easy way to help you consistently save and invest monthly. Through Auto Save , you practise dollar-cost averaging – an investing strategy where you invest in intervals and avoid emotional-based investing. This way, you can meet your financial goals faster.
2. I changed my mind after setting up an Auto Save Plan. Can I cancel or make any changes to my plan?
You can only change your Auto Save Plan 6 business days before 5th of the next month. Rest assured, if you created your Auto Save Plan today (8 May 2026), you can change it right away.
3. Can I set multiple Auto Save Plans?
Yes, you can set up multiple Auto Save Plans from one bank account.
4. Can I make several Auto Save Plans to one fund?
Yes, you can. You can do this by creating a separate Auto Save Plan with different bank accounts. For example, Bank ABC and Bank DEF are scheduled to Cash In to Versa REITs.
5. What happens when my bank account balance is less than the amount set in my Auto Save plan?
All Auto Save plans will automatically fail in this situation. Therefore, we encourage you to ensure that your bank account balance is higher than the Maximum Amount of your Auto Save plan.
6. I completed my Auto Save Plan. Why are there no Cash Ins made to my selected funds?
Auto Save Plan automates Cash Ins on the 5th business day of the month only. Kindly ensure that you have completed setting up your Auto Save Plan 6 business days prior to then.