As banks have begun to phase out cheques, we will no longer be able to accept cheque deposits from the 1st of August 2021. Please select one of the alternative payment options below.
The easiest way to transfer funds to your account is via online banking. From here you can choose between setting up an automatic payment or a one-off bill payment. Generate Unit Trust Scheme is a saved payee with all major banks, just select this option at the time you set your payment up.
To ensure your payment reaches the correct account please use the correct details below in the payment reference sections, we have included an example below. Please note payments with incorrect references will be returned to the payee account.
- Particulars: Surname
- Code: Initials (add your full name initials)
- Reference: Member number (include all the numeric digits of your GMF number)
You can directly pay into the Unit Trust's bank account below, please use the payment reference details as above.
Generate Unit Trust Scheme bank details:
Account name: Generate Unit Trust Scheme
Account number: 12-3244-0018593-000
If you are wanting to set up regular payments into your Generate Unit Trust account, please complete our direct debit form here.
Please note that payments can take approx. 3 business days to be reflected on your online member portal under your transactions*.
If you only wish to update an existing Direct Debit, please contact us directly.
* The Anti-Money Laundering and Countering Financing of Terrorism 2009 places an obligation on all financial services to collect the source of funds for large deposits. Once you have made the deposit, we may require you to complete a form and provide evidence for the source of funds.
Once these documents have been returned to us, these will be reviewed, and further information may be requested. Once the review process is complete and supporting documents are accepted, we will allocate your funds according to your investment strategy. Please allow 5-10 working days for this process (subject to all required documents being submitted and approved).