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I do not have a bank account in Australia. Can I transfer money from my bank account outside Australia?
Yes. You can transfer money from your bank account outside Australia to your brokerage account that is created in your name.
The default currency for transferring is the Australian Dollar (AUD). Please contact us for information regarding other currency denominated funds transfer. If you transfer money that is in a different currency than AUD, your money will be accepted and automatically be converted to AUD by our brokerage firm who will charge a non-refundable currency conversion fee to you.
If your money is subsequently rejected by the brokerage firm (for example, for Third-Party Funding or remittances from Exchange Houses/Money Changers), then any currency conversion already carried out on your money will not be reversed.
Please contact us for details about the currency conversion fee and currency conversion rates.