Scheduled Payments

Question

Hi,

Is it permissible to schedule a weekly recurring investment before Yom Tov which will automatically transfer money on Yom Tov? (It will continue every week thereafter too.)

Also, the investments I have scheduled a long time ago when I did not realize that it would be transferring on Yom Tov- do I need to freeze them over Yom Tov?

Thank you so much for taking the time to answer my questions. I really appreciate!!!

7 months

Answers

  1. So long as there are no Jews involved in the transferring of the money, there is no problem with it taking place on Yom Tov. If there are Jews involved, it is a problem, and a different arrangement needs to be found.

    Best wishes from the AskTheRabbi.org Team