SelfWealth Launches Instant Deposits Functionality

LAnonymous User on 11/09/2021 - 10:39
Last edited 11/09/2021 - 11:21 by 1 other user

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.

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CyberMurning on 11/09/2021 - 10:42

how they can do that ?
- Bomba on 11/09/2021 - 10:46
  
  +3
  
  They're probably supporting Osko payments now
  - CyberMurning on 11/09/2021 - 11:25
    
    i thought there is limit with osko ?
  - dcep on 11/09/2021 - 11:46
    
    is osko different to npp ?
The Value on 11/09/2021 - 10:42

+3

Not a bargain.
StarPlatinum on 11/09/2021 - 10:45

holy this is great
jalalii on 11/09/2021 - 10:48

+2

Associated? And not a bargain
Bangers on 11/09/2021 - 10:49

This is all I've ever wanted.
marlco on 11/09/2021 - 10:53

+4

Clearly doesn't belong here
silenthillrocks on 11/09/2021 - 10:54

Trying to find a deal here
lovebargain87 on 11/09/2021 - 10:54

+3

Give us 10 free trades with instant deposit and it's a deal
Edamamme on 11/09/2021 - 10:55

Doesn’t belong here but thank you, it actually applies to me!
DrRalph on 11/09/2021 - 11:22

This happened about a week ago. I can confirm that it works.
CyberMurning on 11/09/2021 - 11:28

can anyone confirm that selfwealth will give simple easy to read tax statement with all the numbers and ato code, where we can just enter during lodging tax return (online) ?
i mean including foreign component, profit loss, carry forward loss, correct cgt discount, cost bases, etc etc ?
- deme on 11/09/2021 - 11:54
  
  Does anyone do this?
  
  Just use https://www.sharesight.com/au/
- FirstWizard on 13/09/2021 - 09:30
  
  +1
  
  AFAIK, I don't think any CHESS sponsored broker does this.
  
  You need to get the said info from the share register (Computershare/linkmarketservices) or use something like sharesight.
  
  But do be careful if you're using sharesight, the data for ETF/Managed funds might not be accurate until they receive final reports from the Funds (for 2020/21 this happened last week).
Daisycogs on 11/09/2021 - 17:12

Nice. might switch back over from Commsec and save a nifty .50cents each trade!
financialminimalism on 11/09/2021 - 21:38

+1

Great this is now supported. Good PSA
loulou1 on 01/10/2021 - 10:37

Not working for me. Is there a trick to this?
- aneil915 on 01/10/2021 - 12:55
  
  +1
  
  Worked fine for me an hour ago. I did transfers under $1000 so the payment was done using Osko. The payments were showing in my Selfwealth account in seconds.
  - loulou1 on 01/10/2021 - 13:29
    
    So payment needs to be less than $1000? Tried that and still not working. CBA says they support OSKO. Rang to ask why and was on hold for over an hour before I got cut off.

SelfWealth Launches Instant Deposits Functionality

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