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Funding

  • You have the option of transferring AUD or USD funds to your Syfe account.


    Here are the options available and the considerations to take note of.


    Option 1

    You transfer AUD funds to SYFE CLIENT AUD
    ACC, an AUD receiving account. Thereafter, you perform a conversion from AUD to USD in your app. The AUD to USD conversion rate is cheaper via this funding method.

    Option 2

    You transfer AUD funds to SYFE CLIENT USD ACC, a USD receiving account. While your transfer will be successful and JPMC will automatically convert your AUD to USD for you, please be aware of the higher FX rate charged by JPMC. The conversion rate via this funding method is typically higher as compared to using the funding method in Option 1. Note: Your remitting bank may impose it's own bank charges. 

    Option 3

    You transfer USD funds directly to SYFE CLIENT USD ACC, a USD receiving account. In this instance, there's no need for you to convert any funds to USD.

    - Syfe does not charge any fees for receiving your USD funds.
    - However, the Remitting Bank (Your Bank) and the Beneficiary Bank (Our Bank) may impose charges.
    - These bank charges, should they apply, will be borne by the client and not by Syfe.

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  • You may fund your account using a bank account transfer. Australian bank account holders may use their OSKO feature enabled account for instant funds transfer.

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  • No. There is no minimum amount to start investing.

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  • You may transfer any amount (either AUD or USD) into your Syfe account. However, please note that to convert AUD funds to USD, you need a minimum of AUD 1 for conversion.

    To make a trade, your trade value must be a minimum of USD 1.

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    Additionally, there is no lock-in period and you may make a withdrawal anytime. 

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  • If you're making a transfer from an OSKO payment enabled Australian bank account, the credit to your Syfe account should be completed in near real time. For payments other than OSKO, it might take up to 2 working days to receive the funds. You can find more details on OSKO or whether your bank account has OSKO on https://osko.com.au/. However fund transfers made either over the weekend or non-OSKO payments might take up to 4 days.

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  • Yes, you will receive an in-app notification once the transfer is completed and your account has been funded.

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  • Yes, you can make fund transfers on any day of the week. However, fund transfers made over the weekend are typically processed the next business day.

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