You can withdraw your available funds any time from Stake. Much like funding your account, the spot FX rate and all applicable fees will be provided to you before you decide to process your transfer. The minimum amount you can withdraw is $5 (USD).
Transfers can only go from Stake to your local bank account, which must be in your name. Before you make your first withdrawal, you'll need to provide your bank details (BSB & Account Number).
It normally takes approximately 2 business days for withdrawal to arrive in your local bank account.
Make sure you enter the correct bank account details and verify your withdrawal. We’ll ask you to double check and then validate your transfer.
As an additional check, which ensures the security of your funds, we have extra validation on withdrawals and may contact you or request extra documentation. This ensures your details are correct and prevents any fraud on your account.
Available funds & Reserved Cash
You will only have funds available for withdrawal when your settled cash balance is greater than the amount of any cash that is reserved for:
- any holds on funds for funding by card, which have a 60 day hold period
- any pending buy orders (i.e any order you have to buy stocks).
This amount (Reserved Cash) may be greater than your portfolio value due to market fluctuations (i.e you funded $1000 by card 30 days ago, but your current cash value is only $900). If this happens, you will not be able to make a withdrawal until your portfolio's cash balance is greater than this amount or the 60 day hold period on your card funding has passed.