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.
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 […]
Each InvestNow account 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 investments. And when you sell investments, the net sale proceeds are credited to your […]
InvestNow does not charge any account or administration fees (we do receive a distribution fee on Term Deposits, see FAQ here, and interest held in Transaction Accounts, see FAQ here).
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 […]
There are two ways we can verify your identity.
The identities of […]
You should read the Client Agreement carefully to ensure that you understand all of the terms and conditions of your agreement with us.
You should read the disclosure material for any fund before investing. We strongly recommend that you seek independent advice before making any investment.