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Withdrawing funds

You can withdraw your available funds at 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 'Wallet' icon > click 'Withdraw'
  • 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 email.

Fees

  • Withdrawals have a $2 USD bank processing fee.
  • For FX transfer fees (minimum $2 USD), please check out our pricing page.

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.

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.

No Third-Party Withdrawals

Stake does not allow withdrawals to third party accounts. All withdrawals have to be in your name.

 

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Stakeshop Pty Ltd is registered as an overseas company in New Zealand (NZBN: 9429047452152), and is registered as a Financial Service Provider under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (No. FSP774414). We hold a full licence issued by the Financial Markets Authority to provide a financial advice service under the Financial Markets Conduct Act 2013. However, the content on this website has not been prepared to take into account any of your individual objectives, financial situation or needs. To the extent you require further information about the relevant New Zealand legislation that may apply, or require specific advice, please contact your legal and/or financial adviser (as appropriate). 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, 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 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 Terms & Conditions, Privacy Policy, Financial Advice Disclosure and Disclaimers before deciding to use or invest on Stake. By using the Stake 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 is a registered trademark under class 36 (New Zealand).

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