How to withdraw
The minimum withdrawal is $500, provided that you have sufficient available cash. If you have insufficient available cash in your CMA to meet your required withdrawal, you can sell investments with the resulting proceeds being credited to your CMA. The proceeds cannot be used to process a withdrawal until settlement occurs and the money is cleared in your CMA. You can make a withdrawal from your portfolio by completing a withdrawal form, available from your adviser.
On the withdrawal form you must:
- confirm your name, portfolio number and the withdrawal amount, and
- Your adviser cannot request a withdrawal for you unless the destination account is a pre-nominated account. For further details, please refer to the Other information section.
All withdrawals will be processed by electronic funds transfer, unless requested otherwise. You can also request withdrawals by cheque or same-day telegraphic transfer. Additional fees may apply for these services.
If there is sufficient available cash in your CMA, withdrawals will generally be processed on the Business Day we receive your withdrawal instructions. Proceeds will generally be available at the destination account the following Business Day. Withdrawal processing may take longer in certain circumstances, for example, when the proceeds are credited to some building societies.
