Absolutely β many of our customers choose to set up recurring monthly contributions via direct debit. It's also part of our onboarding flow, so you'll be invited to set-up a direct debit when you first sign-up to Tembo.
The minimum direct debit contribution is Β£25.
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You can amend the date or amount of your direct debit (or skip it) up to 3 working days before the payment date via your Account tab.
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Your direct debit can be skipped for up to 3 months at a time, or even cancelled. Just make sure you do this before the 3 working day cut-off prior to each payment date.
π¨ Please note: It takes 1 working day after your direct debit is collected for the funds to land in your Lifetime ISA.