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Withdrawing funds from your account using the Discovery Bank app

Simply withdraw your EasyEquities funds back to your Discovery Bank app by following these easy steps: 

  • Open your Discovery Bank app
  • Log in
  • Click on "Transact"
  • Click on "Transfer"
  • Choose your EasyEquities ZAR account to transfer funds "from"
  • From the "To" option, click on your Discovery Bank account you wish to return the funds to
  • Enter your amount
  • Enter a reference 
  • Click "Next"
  • Click "Transfer"

Currently, you will only be able to transfer international funds by login in directly on the EasyEquities platform and requesting a withdrawal. Please review this FAQ for international withdrawals. Please ensure you have your Discovery Bank banking details loaded on the EasyEquities platform.

 

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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.

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* 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.

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