Is there a minimum deposit for an account?
Opening an account with AJ Bell is free. Once your account is opened, you’ll need to add funds to it – and there are three ways you can do this:
- Set up a Direct Debit
- Make a single payment
- Transfer over an account
Direct Debit
For all our investment accounts, you can set up a Direct Debit of as little as £25 per month. Payments will be debited from your bank account on the first working day of the month and take between 3-5 working days to show in your AJ Bell account.
Single payment
Another option is to make a one-off single payment to get you started. We recommend choosing ‘Instant bank transfer’ for single payments, as it’s the easiest and quickest method, with money appearing in your account immediately.
You can also choose to pay in with a Debit card, with money appearing in your account within one working day. There may be limits on how much you can pay in using this method, so it may be worth speaking to your bank first.
Should you have card limits, you can use a combination of Debit card and ‘Instant bank transfer’ if you prefer.
If this is the first time you’re adding money to a new account, there’s a minimum deposit, depending on the account you’ve opened.
ISA accounts: £250
- Stocks and shares ISA
- Lifetime ISA
- Junior ISA
Dealing accounts: £250
- Dealing account
- Dealing account for children
- Joint Dealing account
- Limited company Dealing account
- Pension scheme Dealing account
Pension accounts: £500
- Self-invested personal pension (SIPP)
- Junior SIPP
- Ready-made pension
After that, there’s no minimum amount for any future deposits.
Transfer an account
And finally, you can choose to transfer an account over to us. It’s totally free, there’s no minimum amount you need to transfer, and once you’ve given us some brief information, we’ll take care of moving everything across.
Some providers may charge you an exit fee, so please double-check before starting a transfer.