After you sign up a few things will happen:
- We will set up a Direct Debit mandate on your linked account. You will receive an email confirmation for this as well. The mandate needs to be approved by your bank before Plum can start saving which can take up to 5 business days. The Direct Debit will appear on your statement as 'Plum'
- Plum will fetch your transactions for up to 90 days in the past and analyse them 🤓
- After that, Plum will start saving for you. Every time Plum saves it will fetch your latest balance and any new transactions so it always acts on your most up-to-date financial status.