Because SatrixNOW has no minimum investment amount, you will no longer have a cash account for each fund that you hold. Rather, you will see one cash balance in each of your Standard account and/or Tax Free Savings account.
When your account moves to SatrixNOW, all cash balances that you hold will be consolidated into either your Standard or Tax Free Savings account. You will be able to log on and invest these cash balances in the fund(s) of your choice.
To make a lump sum investment, you will first deposit into your Standard or Tax Free Savings account (you can also deposit into your Standard account and then transfer cash to your Tax Free Savings account using the “Inter-account transfers” functionality)
When you sell units, the cash will settle in either your Standard or Tax Free Savings account. You will be able to view your withdrawable funds on your Account Overview and can instruct a withdrawal to your bank account.
If you set your Distribution preference to “pay out”, they will be paid into your cash account (once fees have been deducted). You can then choose to invest them in the fund(s) of your choice, or withdraw.