When using POLi you are safely logging into your bank account to make a your bank transfer directly from Stake. All your security features of your bank account apply, including second-factor authentication and any transaction limits you have set up.
With POLi a pop-up will appear that asks you for your bank credentials and pre-populates the payment form for you to make a direct transfer to Stake with OFX who then moves your money to your USD trading account.
As you are securely accessing your bank, if you have second-factor authentication set up at your bank you will be required to confirm your transfer - this adds another layer of security to your transaction. Similarly, any limits set up at your bank will apply. You should check this with your bank if you run into any issues.
POLi is an Australia Post company that allows you to access your regular bank and savings account from Stake's website. POLi is able to provide consumers a convenient and affordable method of payment by simply accessing their original bank site via the POLi servers.
It is widely recognised and used at many notable companies including Qantas, Facebook, Microsoft, Air New Zealand, Victoria's Secret and more.
Bank available on POLi
The following banks are available on POLi.
- Bank of Melbourne
- Bendigo Bank
- Commonwealth Bank
- IMB Building Society
- Newcastle Permanent
- St. George Bank
- Suncorp (under maintenance)
See more here https://www.polipayments.com/Banks
If you're having trouble using POLi to fund your account. Head to the link below to check if there are any issues.
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