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What reference should I use when depositing funds by EFT?

There are two ways to fund your accounts:  

Directly into each account separately   

OR  

By funding your SatrixNow account and then doing an inter-account transfer to your TFSA account;

Read more about funding your different accounts here.    

Reference

Whenever you make a deposit directly into a SatrixNow account, you’re going to need to use your SX EFT reference so that we can identify who you are in order to allocate your deposit. This is the SX-xxxxxx reference displayed on the deposits page of the respective account you want to fund.

Each account type that you have on the SatrixNow platform (Eg: SatrixNow or TFSA), has its own unique reference number.  

Here is how to find it:  

  1. Make sure you have the correct account selected. 
  2. Navigate to the top left hand stacked menu and select Deposits
  3. You’ll find your reference number under the heading EFT Reference 

To avoid transacting in the wrong account, we suggest always depositing funds into your SatrixNOW account and then moving them to your Tax-Free savings account using our Inter-account Transfers functionality.

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Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.