Each InvestNow customer has a Transaction Account – it’s just like a bank account for money coming in and out of your InvestNow account.
Currently no interest is paid to you on your balance within the Transaction Account. We receive the interest on any money held within the Transaction Account. This interest is used to pay Costs associated with offering and operating InvestNow
You transfer money, from your nominated bank account, into your InvestNow Transaction Account to purchase Managed Funds. And when you sell Managed Funds, the sale proceeds are credited to your InvestNow Transaction Account – after which you can buy some more Managed Funds or transfer the money to your nominated bank account.