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What bank account can I use to withdraw my funds from my EasyEquities USD account?

We suggest you use the EasyFX feature to transfer funds back to your ZAR account for your convenience.

However, if you wish to withdraw directly to a bank account, you can use any bank account worldwide that is in your name to withdraw your funds from your EasyEquities USD account, as long as your bank accepts international payments.

You may capture specific details for an additional bank account for your USD withdrawals or you may use your previously captured ZAR bank account details (given that foreign payments are accepted by this bank). Please make sure you capture your bank’s SWIFT code correctly to ensure the payment goes to the correct bank, in the correct country.

Information requested by your bank

Should your bank request additional information from you in order to process your withdrawal, please consult this article with a guide on how to attain this.

Fees

Please keep in mind that your bank may charge you additional fees for processing an international receipt of funds and there may be additional fees for any currency conversion done by your bank. See our guide to fees and how to optimise costs on an international withdrawal here.

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© EasyEquities. EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized Financial Services Provider (FSP number 22588). All trades on the EasyEquities platform are subject to the legal terms and conditions to which you agree to be bound. The EasyEquities platform enables users to invest in securities which includes whole shares and fractional share rights (FSRs). EasyEquities acts as an agent for the issue of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions and all the economic benefits and risks associated with share ownership.

In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor.

The availability of any share on the EasyEquities platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you.

The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between EasyEquities and the listed company, or the payment of fees for services. Brand Logos are owned by the respective companies and not by EasyEquities. The use of a company’s brand logo does not represent an endorsement of EasyEquities by the company, nor an endorsement of the company by EasyEquities, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the EasyEquities website.

* Note exchange prices are delayed in accordance with regional exchange rules. South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes; Australian prices are delayed by 20 minutes.

EasyEquities is a subsidiary of Purple Group Limited, a company listed on the JSE Limited (PPE)