Deposits and withdrawals

ACCOUNT PAYMENTS TO AND FROM SHARENET SECURITIES

Deposits

  • CASH DEPOSITS ARE NOT ACCEPTED. Costs associated with cash deposits will be allocated to the clients account.
  • To fund your account, simply make an EFT to the bank details that will be provided upon approval your account application documents.

Withdrawals

Cash will remain in a client’s account until Sharenet Securities are specifically instructed in writing to transfer monies to the clients banking account which instruction needs to specify the actual banking details into which the payment has to be made. Payment will only be made to a banking account in the client’s name that matches the account details as supplied in the Sharenet Securities Mandate during the application process.

Do note that for any payment instructions where incorrect banking details are provided and the payment is rejected there is a charge by the bank which cost will be for the clients account.