IDeco payment Withdrawn from account -> No Purchase on Rakuten

[Kanto]

Hello All,

My Postbank account shows a withdraw for my first iDeco purchase *04-27 68,000円自払確定拠出掛金*

However, the login screen for Rakuten still does not show any information as of 5/19.

is this lag normal? Does the withdrawal proceed the purchase by a month or so?

Thanks

[RetireJapan]

I wouldn't be concerned, particularly as this time period includes both Golden Week and the State of Emergency. I think my payments (now the account is up and running) take just under a month to show up

[Kanto]

I wouldn't be concerned, particularly as this time period includes both Golden Week and the State of Emergency. I think my payments (now the account is up and running) take just under a month to show up

Thanks Ben, I'll be patient.

Oh, quick question if you don't mind.

Do I have to manually fund my Rakuten securities account for my Nisa contribution? Is it possible to automate it like w/ an iDeco account?
I am currently with the Post bank so as far as I can see the only way to automate is to move to Rakuten bank.
I have a Rakuten Credit card, but names are different in the system, and the phone tag skills to sort it our require N1 Japanese.

Cheers

[Tony]

Tsumitate Nisa can be withdrawn directly from your bank account just like iDeco. There might be a list of banks it can be done with, I'm not sure, but it definitely works with Shinsei.

[Kanto]

Tsumitate Nisa can be withdrawn directly from your bank account just like iDeco. There might be a list of banks it can be done with, I'm not sure, but it definitely works with Shinsei.

Do you have a Shinsei bank account?

I cannot seem to automate the process with Rakuten

Step 1. Select an order
Step 2. Go to withdraw funds page -> Set amount -> Log in to Post bank / Agree to transfer
Step 3. Funds enter my Rakuten account

[Jansen]

Yes, the delay is perfectly normal.

They deduct the amount from your account on the 27th, it tends to land in your iDeco balance somewhere bwetween the 15th ~18th the next month and will show up under the category '待機資金'. Asset purchases are then made the next day. I've been keeping track. Here is a list of the dates where my iDeco purchases have been made. Not particularly consistent.

2020/04/15
2020/03/17
2020/02/18
2020/01/23
2019/12/17
2019/11/19
2019/10/17
2019/09/24
2019/09/17

For this month, the balance has just been credited this morning but no purchase has been made yet, probably tomorrow.

[Tony]

Do you have a Shinsei bank account?

I cannot seem to automate the process with Rakuten

Step 1. Select an order
Step 2. Go to withdraw funds page -> Set amount -> Log in to Post bank / Agree to transfer
Step 3. Funds enter my Rakuten account

Yes, I have a Shinsei account. Again, I'm not sure if this works with regular NISA, but with ideco and tsumitate nisa it definitely works.

[Kanto]

Yes, the delay is perfectly normal.

They deduct the amount from your account on the 27th, it tends to land in your iDeco balance somewhere bwetween the 15th ~18th the next month and will show up under the category '待機資金'. Asset purchases are then made the next day. I've been keeping track. Here is a list of the dates where my iDeco purchases have been made. Not particularly consistent.

2020/04/15
2020/03/17
2020/02/18
2020/01/23
2019/12/17
2019/11/19
2019/10/17
2019/09/24
2019/09/17

For this month, the balance has just been credited this morning but no purchase has been made yet, probably tomorrow.

Thank you. This is very helpful!

I just checked my account and Rakuten has purchased my small allotment of domestic bonds and stocks, but not the bulk of my monthly order which are international stock and bonds

It seems everything follows a slow pace.

Now the real self-control will be waiting a year before I consider changing my current allocation.