When you request an international currency transfer between your cash accounts, an actual transfer of funds also takes place behind the scenes. Due to the nature of international funds transfers, there will be a short period during which your funds are not available for trading.
The length of this period depends on the currency pair being traded, and whether the transfer is submitted before the 'cut-off time'.
We've prepared a table below which provides expected transfer times for each currency pair, assuming the payment is submitted prior to the cut-off time.
Original Currency |
Destination Currency |
Cut-Off Time |
Funds Available |
AUD | USD | 9:00 AM | 2:00 PM same-day |
USD | AUD | 9:00 AM | 10:00 AM on the 2nd business day |
AUD | HKD | 3:00 PM | 7:00 PM same-day |
HKD | AUD | 3:00 PM | 10:00 AM on the 2nd business day |
USD | HKD | 3:00 PM | 7:00 PM same-day |
HKD | USD | 3:00 PM | 7:00 PM same-day |
All times are shown in Sydney time (AEST or AEDT as applicable) and only include business days for any market that the transfer is occurring between.
If you submit a transfer request after the cut-off or on a non-business day, then your request will begin processing on the next business day. Until the funds reach the destination account, they will show as part of your 'Reserved' cash balance.