Deposits and withdrawals
How to move money in and out of Stake:
- Discover how to deposit via bank transfer, Apple Pay, Google Pay and debit/credit card
- An outline of funding fees and charges
Deposit methods
Stake currently supports three secure funding methods: bank transfer, Apple Pay/Google Pay and Credit/Debit card. Here’s how they work:
Bank transfer
You can deposit funds directly from your bank account using your unique Stake BSB and account number.
- Head to your dashboard (AUS or Wall St) and hit the ‘Add’ button next to your buying power
- Enter the desired deposit amount and Next
- Select Bank transfer as the method and Next
- Use the details to send a direct deposit from your online bank
- Once submitted, simply hit I’ve made a transfer to confirm
When funding your account via bank transfer, ‘Airwallex Pty Ltd’ may be flagged as an account name mismatch due to Confirmation of Payee (CoP) requirements.
Airwallex is our trusted payments provider, so you can be sure that your funds will arrive safely and securely.
You can learn more about Airwallex and our other partners here.
Apple Pay/Google Pay
Using a Google Pay or Apple Pay compatible device?
- Head to your dashboard (AUS or Wall St) and hit the ‘Add’ button next to your buying power
- Enter the desired deposit amount and Next
- Select Apple Pay or Google Pay as the method and confirm
- Depending on your device, there may be an additional prompt from Google or Apple
Debit/Credit card
Use a credit or debit card and save it to your Stake account for future deposits.
- Head to your dashboard (AUS or Wall St) and hit the ‘Add’ button next to your buying power
- Enter the desired deposit amount and Next
- Select Debit/Credit card as the method and confirm
- Add your card details and tap Save card
- Now click Submit
How to withdraw
Follow these steps below to withdraw from your Stake balance:
- On the Stake app, head to Manage > Balances > Withdraw – or if you’re on the web, select the Wallet icon > Withdraw > Choose either USD or AUD
- Enter the withdrawal amount and select the receiving bank account
- To add a new or different receiving account, select ‘Edit account’ and follow the prompts (please note, the name on the receiving account must match the name of the Stake account owner)
- You’ll receive an estimated summary of your withdrawal request
- Verify the withdrawal with a PIN sent to your mobile number or authenticator app
- Confirm your withdrawal request
Only settled cash can be withdrawn. Please note, withdrawal settlement times depend on the market you’re withdrawing from, your bank institution and the complexity of the withdrawal request.
Stake deposit and transfer fees
Both markets
Fee | Amount | Description |
|---|---|---|
Card funding | Debit 0.5% | Fee applicable for card funding and Apple Pay/Google Pay. |
Stake Wall St only
Fee | Amount | Description |
FX transfer fee | 55bps | This is the fee charged on all fund transfers in and out of your Stake account between AUD and USD. There is no FX fee charged per trade. |
Settlement timeframes vary depending on the deposit method and the market being funded.
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Payment Methods FAQs
Stake AUS
The time it takes for a bank transfer to reflect in your Stake AUS account depends on your bank's participation in the New Payments Platform (NPP). Funds from NPP banks will generally appear on Stake within an hour of a confirmed deposit. Learn more about the NPP here.
Considerations:
- Some banks place a one-business-day hold on first-time deposits
- Compliance checks in accordance with Anti-Money Laundering (AML) legislation may also cause delays
Stake Wall St
Funds will be credited to a Wall St account on a T+1 basis (one U.S. business day) after confirmation of an initiated deposit or wallet-to-wallet transfer.
The minimum deposit amount is A$50.
There is a A$1 minimum withdrawal amount from your Stake AUS account. On Stake Wall St, there's a minimum withdrawal of US$10.
Stake AUS
Successful withdrawals from your Stake AUS account to your external Australian bank account will typically settle within 1-2 business days.
Stake Wall St
Successful withdrawals from your Stake Wall St account to an Australian bank account will typically settle within 2-3 U.S. business days. Please note, we don’t currently support direct USD withdrawals.
Stake does not charge fees to withdraw funds to your local bank account.
FX and speed fees can apply when withdrawing from your Stake Wall St account or transferring funds between accounts. Please check out our pricing PDF for a detailed breakdown of our fees.
When funding your account via bank transfer, ‘Airwallex Pty Ltd’ may be flagged as an account name mismatch. This is due to the rollout of Confirmation of Payee (CoP) requirements by Australian banks to combat the rising tide of online scams.
Airwallex is our trusted payments provider, facilitating secure deposits, withdrawals and wallet functionality on Stake, so you can be sure that your funds will arrive safely.
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