If a stock SIP is scheduled for the 5th of every month, when should the eMandate transaction be scheduled to ensure that the account is sufficiently funded?

The eMandate transaction should be set up a few days before the fifth of the month because it can take a while for the bank to confirm the eMandate transfer. The money is taken out of the bank account one business day before the eMandate schedule date. SMS and e-mail confirmations are sent one day before the scheduled date.