InvestNow provides each customer with a Transaction account. You transfer money from your nominated bank account, into your InvestNow Transaction account and then use this money, once cleared, to pay for managed funds.
Here are the steps to deposit money into your InvestNow Transaction Account:
- Log on to your InvestNow account
- Select the “Quick Actions” link (you’ll find it in the top right of the page, in the green banner)
- Click the “Deposit funds” link
- You will be presented with instructions on how to set your InvestNow account as a bill payee from your nominated bank account. Please note that the deposit is paid to our custodian, Adminis Custodial Nominees Limited, and your Reference (this is unique to you and never changes for the InvestNow account you are making the deposit in to).
- Note that the minimum investment amount for Managed Funds purchases is $50, when part of a Regular Investment Plan, or $250 for one-off investments. For Term Deposits the minimum amount you must invest differs for each bank. Please visit our TDs page for more information.
When you make a deposit, we process it between 7.30-9am the following business day, meaning it should be available for you to invest soon after, however weekend deposits take an extra business day to process.