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We’re really excited to announce we’ve enabled instant deposits for all SelfWealth accounts. You don’t need to do anything to enable your account, just continue to transfer money into the same BSB and account number. Common questions are below.
What does this mean?
Instead of taking 1 – 2 business days, deposits into your SelfWealth account are now near-instant.
How do I use this feature?
Simply transfer to your SelfWealth cash account as you normally would, using a bank transfer (not a BPAY transfer) and it will arrive in a few moments.
How does this affect BPAY transfers?
BPAY transfers are not affected, meaning if you want to get money into your account quicker, be sure to use the BSB and account number found in your trading account to transfer from your personal bank account to SelfWealth.
Does this impact withdrawals?
Withdrawals are unaffected, meaning they will still take 1 – 2 business days.