Only the Credit Card and SID methods (detailed below) add funds to your account from the EasyEquities website itself - for which you pay a premium.
The EFT method, in contrast, requires you to leave the EasyEquities website and use your online banking facility to transfer funds to our First World Trader (Pty) Ltd account with that same bank (Ie. you are NOT transferring funds from the deposit page of the EasyEquities site).
As with everything else on EasyEquities, we've intentionally made the deposit process Easy - all you need to do is follow the steps below.
1. Login to your EasyEquities account.
2. Choose the EasyEquities account into which you want to deposit your funds by selecting it from the account ribbon that runs horizontally across the top of the screen - as shown in the image below. Remember there are currently 6 EasyEquities accounts available as follows:
1. EasyEquities ZAR account
2. Tax-free Savings account (TFSA) - please ensure you understand the consequences of making a deposit into the TFSA account before making it - visit this TFSA FAQ article for help on annual and lifetime limits.
3. EasyEquities RA (Retirement Annuity) account - please note deposits into an RA account take a day longer to reflect than on other accounts.
4. EasyEquities USD account - PLEASE NOTE this requires a different means of fundings (Swift payment) as explained HERE
5. Demo ZAR account - you can't deposit money into the demo account - see note below*
6. Demo USD account - you can't deposit money here either*-
3.Click on the stack menu (3 little horizontal lines) to the left of the EasyEquities logo - as shown by the arrow in the image below.\
Please note: You will only see this menu option if you are logged in to the site.
4. Now select the Deposits option under the "My Funds" group (as in the diagram below). This action will take you to the "deposit funds" page
5. On the "deposit funds" page, you will be presented with the option of depositing your funds in 3 different ways as follows:
- EFT (Electronic Funds Transfer) - is the electronic transfer of money from one account to another (in this case your account to ours). It can take place within a single financial institution (eg. ABSA account to ABSA account) or between different institutions (eg. FNB account to ABSA account). See - Funds deposit by EFT
- Credit Card Payment - By using a credit card, payments are reflected immediately and there is built-in fraud protection. This is one of the most widely used online payment methods. See - Funds deposit by credit card
- SID - SID instant EFT is an online payment option which allows merchants to receive online and mobile payments without a credit card. When someone shops online, SID links them directly to their internet banking. It pre-populates the payment details and directs them right back to the merchant’s website. They receive instant payment confirmation. See - Funds deposit by SID instant EFT