When you open a Selfwealth ASX trading account, we also set up an ANZ cash account on your behalf to facilitate the settlement of your trades.
Why do I need an ANZ cash account?
Selfwealth does not support depositing or withdrawing funds in currencies other than AUD. As such, the ANZ cash account is required to deposit or withdraw your funds from Selfwealth.
Once you have added funds to your AUD cash account, they can be converted to any currency within the Selfwealth platform. If you wish to withdraw (remove) funds from Selfwealth, they must be converted back to AUD before they can be withdrawn.
How do I set up a Selfwealth ASX trading account?
You can find more information on setting up an ASX trading account here.
Once your ASX trading account is approved, you can then apply for an international trading account.
For more info on setting up a US trading account click here, or for setting up a Hong Kong trading account click here.