Once your account is set up and verified the next step to making your first investment is to fund your account.
There are a few ways that you could do this. Take a look at the different tabs below each of the different account types to see which way suits you best.
SatrixNOW/Tax Free Savings Account
The cheapest way to fund your SatrixNOW account with zero fees:
- Log in to your account
- Select the menu in the top left corner
- Select Deposits under the My Funds section of the menu
- Scroll down and use the drop-down menu to select the bank where your bank account is held
- Use the bank account details in the block below the drop-down menu to make an EFT from your internet banking or banking app
Capitec Bank Account Users
Please use our ABSA bank account details to make EFT deposits and ensure to enter the correct reference for your EFT
You can use your credit card or cheque card to make instant deposits to your SatrixNOW account. Please note that there is a R1.60 fixed cost, plus a cost of 2.3% of the value for your transaction for this method of deposit
- Log in to your account
- Select the menu in the top left corner
- Select Deposits under the My Funds section of the menu
- Enter the amount you would like to deposit
- Select credit card to the right of the amount block
- Enter your card details and select the make deposit button
- You may be directed to an authentication page to enter a pin (one-time password/OTP) sent to you by your bank. Enter the pin and confirm the transaction
- You will then be directed back to SatrixNOW and your funds will be available to invest
You can transfer your funds from your SatrixNOW account to your Tax Free Savings Account. Simply use one of the other methods to fund your SatrixNOW account or use any funds that are already in your SatrixNOW account.
- Log in to your account
- Select the menu in the top left corner
- Select Inter-account Transfers under the My Funds section of the menu
- Select a From and a To account
- Enter the amount you would like to transfer
- Confirm that you agree with the terms and conditions
- Select transfer now
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