Automatically buying bitcoins from SEPA deposit I'd like to buy bitcoins via SEPA deposit automatically with a recurring schedule. To specify this with an example, I would like to purchase bitcoins for 100 EUR each month, at the current market rate, without manual intervention. For this, I can set up a recurring payment at my bank to a SEPA bank account. The manual way to do this at Bitstamp would be:


Start SEPA deposit at Bitstamp for 100 EUR.
Make a bank transfer to the given account with the given message.
Wait for funds to appear at Bitstamp.
Use instant order to purchase bitcoin for 100 EUR (converted to dollars).
Wait for the transaction to complete (may take days if market fluctuates).
Withdraw bitcoin from Bitstamp to a given address.


I am not bound to a single exchange, any one of them will do as long as they roughly follow the current market. I am not afraid to run a server, or to create my own program using an API to do this. However, I am not willing to use screen scraping, because I would wish for this to run with minimal intervention and such an approach would seem too error prone. I am also obviously not able to affect my bank, so the best I can do is to have a recurring payment with a fixed message/reference number each month.

Is there an exchange or combination of services that will let achieve the above automatically?
There is a website called  Bitcoin Magnet that does exactly what you require. Check them out, they have good reviews. They convert a bank transfer containing your reference code into bitcoin (using Bitstamp) and send it automatically to your desired bitcoin address. You can therefore set up a standing order to buy on a regular basis. UK only.