Transfer money between your EasyEquities Accounts in 3 #easy steps

InterAccount Transfers
/

Because so many of you are growing in your investment journeys and exploring more than one account to invest in, we thought it was about time we gave you an extended visa on getting money in and out of your EasyEquities ZAR account quickly and easily. Who's got time for depositing separately each time, pffft! Spend your time in the markets instead, we say.

Inter-account Transfers mean you can transfer funds between your EasyEquities ZAR account into your TFSA or USD Accounts. Think of your EasyEquities ZAR account as your Investment Wallet

Web users:

  1. You deposit funds into your EasyEquities ZAR account as you have always done - via EFT, credit card, or SID. 
  2. Once your funds have gone through to your account, log in and select the Menu icon in the top left corner, then select Inter-Account Transfers and EasyFX. 
  3. Enter the amount you would like to transfer and… whoop there it is.

App users;

  1. You deposit funds into your EasyEquities ZAR account as you have always done - via EFT, credit card, or SID. 
  2. Once your funds have gone through to your account, log in and select the My Funds in the bottom right then choose Transfer. 
  3. Choose the account you want to transfer from and the account you want to transfer to 

Capitec users:

You can transfer funds between your ZAR account and USD account on the Capitec widget in the same way you do on our other platforms. The EasyFX feature does the work in the background. Read more on how to fund your different accounts on the Capitec widget here.

Some added benefits of transfers:

If you’re transferring into your TFSA you’ll also get to see how much more of your annual R36 000 limit you have left to contribute for the year.

If you’re using EasyFX to transfer your Rands into Dollars you’ll have a window period to cancel your transaction before it goes through and can have a look at our pricing guide to help you decide what amount makes sense for you.

You’ve always wanted to be able to give the gift that keeps on growing, tax free. Our new transfer swag means you can send EasyEquities vouchers to your friends and family, and they’ll be able to transfer this investment spend into their TFSA if they wish. 

The reversal transfer feature will be available from the month of October 2021 from USD, AUD, TFSA wallets back into to ZAR wallet. 

Some stuff to keep in mind:

Only settled funds can be transferred between your EasyEquities accounts

Once you have made a transfer into another account, you can invest the funds right away, but you won't be able to withdraw the money back into your bank account for 40 days. This is just a measure we take to make sure we tick all the legal boxes, and ensure that money isn't withdrawn from your account before it's been properly cleared by your bank. 

 

SEARCH ALL BLOGS