How do I know if my Invest or Sell order has been executed?
Your order will no longer be visible in the Buy & Sell > Pending Instructions page, and the the addition (invest) or reduction (sell) of units will appear in the Holdings page.
What costs are charged by InvestNow?
InvestNow does not charge any account or administration fees for your InvestNow account.
Any funds you choose to invest in have fund charges associated with them that are levied by the fund manager. The fund charges for funds on InvestNow are the same as you would experience investing directly with any of our fund managers. A small number of funds also have transaction fees* that InvestNow levies, which are applied in addition to the fund charges.
*More details available for the Vanguard and Foundation Series Funds. […]
Do I need any specific investment knowledge?
You do not need to be an investing expert, but you certainly need to understand some core principles and have the time to do your homework – ensuring that your investing suits your risk appetite, goals, knowledge etc.
We do not provide personal financial advice, but we do provide heaps of content and resources that will help guide/educate you – here are some of the key ones:
- The InvestNow Investing Principles,
- Our Investing Workshops. You will receive invitations, across the year, to attend online. You […]
Do I need to invest a minimum initial amount?
There is no minimum amount for deposits into your InvestNow Transaction Account.
Minimum investment amount for Managed Funds purchases is $50, when part of a Regular Investment Plan, or $250 for one-off investments
How do I sell Managed Funds?
Once logged into your Managed Funds account, go to the Buy & Sell page. Scroll down to the list of funds you hold and click the Sell button.
- You can choose to sell:
- a set dollar amount or
- a specific number of units for a managed fund you hold or
- all the units you hold in a managed fund
- Enter the dollar amount or number of units
- Click the “Sell” button
If you want to cancel your Sell order go to the Pending Instructions page and click cancel.
Note that you can cancel a […]
How do I buy managed funds?
To buy Managed Funds you need to have cleared funds in your InvestNow Transaction Account – you deposit money in your InvestNow Transaction Account from your nominated bank account (see FAQ for more details).
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.
- Login to your account
- Go to […]
Can I create a direct debit from my Nominated Account to my InvestNow account from within InvestNow?
It is not possible to establish a Direct Debit (DD) for your InvestNow account.
You can transfer money into your InvestNow Transaction Account by online bill payment or direct credit from your Nominated bank account.
How much interest does my InvestNow cash account earn?
Cash balances in InvestNow Transaction Accounts do not accrue interest. InvestNow receives the interest on any money held within the Transaction Account, which helps to pay costs associated with offering and operating InvestNow, including bank fees (for example, a $0.15 fee for each and every deposit by a customer) which are not passed on to our customers.
The interest that InvestNow receives is the Official Cash Rate (OCR).
Here are some examples of the calculations for any interest that could be received by InvestNow:
- A […]
What is a nominated account?
When you open your InvestNow account you are asked to provide the details of a nominated bank account (nominated account). You deposit money into your InvestNow Transaction account from your nominated bank account and when you withdraw money from InvestNow it is transferred to your nominated bank account. The nominated bank account must be under your control.
We do not accept cheque or cash deposits.
How do I pay for my Managed Funds?
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.
You will need the details of the bank account, into which you will make the deposit, and your unique reference, so we can make sure all deposits are credited to your InvestNow Transaction Account.
To get these details (note – these do not change so we would recommend you set up a new bill payee for future use, using […]