Your USD funds and balances


Can I fund my account by bank transfer?

When you sign up to Stake you can make a bank transfer from your Australian account to your Stake account. In just a few, simple steps you can buy U.S. stocks with Stake.

How do I transfer?

  • Tap the wallet icon > click deposit > enter amount
  • Select method > bank transfer
  • Choose your bank transfer speed (Instant or Regular) and click next
  • You'll receive an estimated summary of your transaction. With the final amount confirmed when your transaction has been processed
  • Initiate the transfer from your Australian bank, using the details provided on the next screen
  • It's vital that you enter the correct REFERENCE for the transfer, which will be your Stake Account number (beginning with ST).

Speed

The speed of your transfer will depend on:

Step 1: From your bank to Stake

  • Your bank may or may not send transfers instantly
  • Non-instant transfers will be received in 1-2 business days
  • Once we receive the funds, we'll send you an email confirming: FX rate, fees, $USD, and delivery time

Step 2: Stake allocates the funds to your account (instant or regular)

Here's what to expect, once Stake receives your funds:

ServiceSpeedGiven that Stake has received your funds by
InstantReceive your funds instantly N/A
RegularReceive your funds in the second trading session (1pm NY time)4pm (AEDT)

Things to consider

  • It is vital that your reference number is correct (your Stake account number starting with ST). If you do not include the correct REFERENCE, your funds will be returned, which may incur fees. It takes up to 30 days for money to be returned.
  • Please note that, for some banks, REFERENCE is different to DESCRIPTION. The description is often for your records, and may not be visible to Stake. Please ensure that it is the REFERENCE that includes your Stake account number.
  • Stake does not accept deposits from third parties. All deposits have to be in your name
  • Please ensure that the name on the remitting account is an EXACT match to that on your Stake account. We are NOT able to accept fund transfers otherwise, for any reason - no third party transfers, no related company accounts, friends & family accounts etc.
  • You must initiate the transfer via online banking. We do not accept transfers made by your branch or cash / cheques. 
  • The minimum deposit amount is $50 AUD.
  • For security purposes, your bank may hold payments to new payees for 24 hours (check with your bank for more info), which will delay the process at step 1.
  • If your bank does not send payments instantly (via OSKO, PayID), the AUD transfer to Stake (step 1) will take approximately 1-2 business days.
  • If you haven't heard from us within 2 business days, please contact the Stake Support Team with a copy of your transfer receipt.

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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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