This email is just to confirm to Ratesetter that you are happy to appoint us (Plum) as an "intermediary" for your investments. Once you approve us, we will fully activate investing on your Plum account. Until then, any investments you make will remain pending in Plum.
What to do when you receive the email
The email will look like this:
The link will lead to the following page:
In this page, you might notice that the bank account shown is not yours. Don't worry, we didn't pass the wrong details to RateSetter 😊 The account shown (****6474) is the Barclays bank account that holds your Plum savings. Since all investments originate from Plum savings, we are required to pass this account to RateSetter.
This page will also include RateSetter's Terms of Service which you should read. You then need to tick the agreement checkbox and click 'Proceed'.
Finally, you will see this confirmation page:
You're all set! If you have any pending investments they will be automatically invested within the day.