Your USD funds and balances


How do I make a withdrawal?

You can withdraw your available funds any time from Stake. Much like funding your account, the spot FX rate and all applicable fees will be provided to you before you decide to process your transfer. The minimum amount you can withdraw is $10 (USD).

Transfers can only go from Stake to your local bank account, which must be in your name. Before you make your first withdrawal, you'll need to provide your bank details (BSB & Account Number).

Speed

Please allow up to 4 business days for your withdrawal to arrive in your local bank account. Any issues, please reach out to the Stake Support Team with a copy of your withdrawal details.

How do I withdraw?

  • Tap the 'Funds' icon on your dashboard > click 'Withdraw Funds'
  • Enter amount > Select the account you would like the payment to be sent to.
  • To add a different account, select 'edit account' and follow the prompts.
  • You'll receive an estimated summary of your transaction. With the final amount confirmed when your transaction has been processed
  • Verify the withdrawal with the unique pin sent to your mobile or Authenticator App.

Things to consider

  • It's vital that you enter the correct bank account details to ensure that your withdrawal gets processed as seamlessly as possible. Please be vigilant and double-check the details that you enter. If you've entered incorrect details, please reach out to the Stake Support Team with a copy of your withdrawal details.
  • Please ensure that the name on the nominated account for withdrawal matches that of your Stake account. We are not able to process withdrawals to third-party accounts, such as friends & family accounts etc.
  • To ensure the security of your funds, we have extra validation methods in place on withdrawals and may contact you or request extra documentation. These checks ensure that your details are correct and prevent any fraud on your account.
  • If money is credited to the wrong account, we can't guarantee its recovery, nor can we accept liability for any loss (as per our terms and conditions).

Fees

  • 70 bps FX transfer fee (minimum $2 USD).
  • Please check out our pricing page and pricing PDF for a detailed breakdown of our fees.

Available funds & reserved cash

You'll be able to withdraw funds within your current cash value. This means that you won't be able to withdraw funds that are reserved for: 

  • Pending buy orders (i.e any order you have to buy stocks).

For example:

  • You have funded $1000. You have pending buy orders for $600. Your available current cash value will be $400, meaning you'll be able to withdraw $400 at this time.

No Third-Party Withdrawals

Stake does not accept withdrawals to third party accounts. All withdrawals must be in your name.  

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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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