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How do I deposit funds into my SatrixNOW accounts?

PLEASE NOTE:

ONLY the Credit Card method (detailed below) adds funds to your account from the SatrixNOW website itself - for which you pay a premium.

The EFT method, in contrast, requires you to leave the SatrixNOW website and use your online banking facility to transfer funds to our SatrixNOW FWT (Pty) Ltd account with that same bank (Ie. you are NOT transferring funds from the deposit page of the SatrixNOW website).

To deposit funds into your SatrixNOW account please follow the steps below:

1. Ensure you are logged into the SatrixNOW website.

2. Choose the SatrixNOW account into which you want to deposit your funds by selecting that account from the Account Ribbon, just below the SatrixNOW logo. Remember you have 2 accounts as follows:

- SatrixNOW Investment account - the account selected in dark blue. 

- Tax-free Savings account (TFSA) - the account in white - please ensure you understand the consequences of making a deposit into the TFSA account before making the deposit - visit this TFSA FAQ article for help on annual and lifetime limit

3. Now select the Deposit option from the small stack menu to the left of the SatrixNOW logo. This action will take you to the "deposit funds" page

4. On the "deposit funds" page, you will be presented with the option of depositing your funds in 2 different ways as follows:

EFT (Electronic Funds Transfer) - is the electronic transfer of money from one account to another (in this case your account to ours). It can take place within a single financial institution (eg. ABSA account to ABSA account) or between different institutions (eg. FNB account to ABSA account). See - Fund deposit by EFT

Credit Card Payment - By using a credit card, payments are reflected immediately and there is built-in fraud protection. This is one of the most widely used online payment methods. See - Fund deposit by credit card

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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.