After deciding on a way of investing money, the question often arises as to how a deposit should be made. At Ginmon there are 3 possible ways to make a deposit.
The two most frequently used deposit options, by direct debit or bank transfer, are transactions of a conventional nature in cashless payment transactions. The third option is via a securities account transfer. This type of deposit is special because there is no money transaction, but existing securities holdings are transferred to the new deposit account. However, the question often arises as to what the differences between the various deposit options actually are?