Your AUD funds and balances

Where is the Stake AUD Cash Held?

The Stake AUS balance allows you to keep AUD to use to invest. It is provided by Airwallex, as part of setting up a Stake account.

When you sign up with Stake, we may also seek your consent to open in your name an Airwallex Wallet. Airwallex services will be accessible through the Stake platform, including Services to hold your funds in Stake, Top Up and Collection Services to top up funds and receive proceeds and payments from Stake, and Payout Services to pay out funds from the account to a linked bank account or Stake.

Each AUS account has a BSB and Account Number to enable you to make deposits into your account.

All transactions from deposits, withdrawals, trade settlements, movement of cash, dividends, and corporate actions are recorded in the Stake AUD Funds & Balances. If you have settled funds available, you can also transfer from your AUD account to your Wall St account in USD.

When you set up your Stake account, the bank details are established by Airwallex for you after you agree to their terms and conditions. Click here to learn more about the Airwallex Wallet Terms.

Security of funds

The electronic funds held in your Stake AUS account (supported by Airwallex and in accordance with the requirements of an Australian governing body) are protected by a bank guarantee (Bank Guarantee) issued by an Australian authorised deposit-taking institution in favour of an external trustee who holds the benefit of the Bank Guranatee on trust for you. The independant trustee holds a bank guarantee for an amount equal to your account balance. Airwallex does not hold such funds as regulated client monies under the Corporations Act.

Click here to learn more about the Bank Guarantee.

Airwallex is a regulated, Australian company and holder of an Australian Financial Services Licence (No. 487221) providing many other companies with financial services infrastructure.

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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