Funds can be deposited into your SelfWealth cash account via electronic funds transfer (EFT) or via BPAY.
Funds deposited using EFT (i.e. to your SelfWealth BSB and account number) will be available for ASX trades instantly if your bank uses the Osko transfer method (click here for more information). Note that you will still need to wait 1 business day if you intend to transfer the funds to your USD balance.
If your bank does not support Osko or if you pay using BPAY, the funds will take 1-2 business days to reach your SelfWealth cash account.
Please note: for compliance reasons, SelfWealth can only accept deposits via the electronic methods listed above. Methods such as in-person branch transfers and cheques are not supported.
How do I find my deposit details on the SelfWealth website?
You can find your SelfWealth cash account and BPAY details on the SelfWealth website by following the below instructions:
1. Click on Settings (you may need to scroll the left-hand nav bar down to find this)
2. Click on Trading Account
3. Click on Cash Account
4. Click Deposit Cash
5. Your deposit details for both BPAY and bank transfer will be displayed on the screen
Are there any limits on how much I can deposit?
For BPAY deposits, there is a maximum transfer limit of $800,000.00.
Selfwealth does not impose any limits on how much you can deposit via bank transfer. However, your financial institution may impose a maximum transfer limit. If you are unsure of your transfer limit, you may want to contact your financial institution.