How to transfer funds to and from your International Trading Account
After you log in to CommSec, there are two ways to transfer funds to or from your International Trading Account:
- Go to Portfolio > Accounts. Select your international account from the dropdown menu and follow the prompts to transfer funds.
- Go to Trading > International > Transfer Funds. Enter the details of your transfer, review your request, and then submit. The exchange rate displayed is indicative only – the actual exchange rate will be determined when your transfer is processed.
When you withdraw funds, you can’t request an amount that would leave your account with a negative balance for any currencies. Also, your withdrawal request must be for the currency that you hold in your account (not the US dollar equivalent).
How long odes it take to transfer funds to or from my International Trading Account?
The cut-off time for same-day transfer requests to be processed is 11am (Sydney time). Transfers are usually processed between 11am and 1pm (Sydney time). For transfers from Australian dollars to US dollars, there is an additional request cut-off time of 2:00pm (Sydney time) for processing before 3:30pm (Sydney time).
The exchange rate is determined at the time of processing. Transfer requests are processed each business day and the funds are generally available within 1-2 days for trading.
For withdrawal requests, it may take 2-3 business days for the funds to be deposited in your linked bank account. Funds need to be clear and available in your international account for us to process your withdrawal.
What is the maximum amount I can deposit or withdraw?
Deposits
Online
Phone
Withdrawals
There’s no limit to the amount you can withdraw from your International Trading Account. However, there must be sufficient funds available in the relevant currency to cover your request, and there must be no negative balances in any other currencies.
For more information, you can Contact Us.