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| The Funds Flow Process Questions |
Q. Once
my account has been established, how do I pay for any shares
I buy?
Q. How
do I put funds into my account?
Q. What
happens to my funds once I have made a deposit?
| Answers to the Funds Flow
Process Questions |
Once my account
has been established, how do I pay for any shares I buy?
To place a buy order through Sanford we require you to have
all the funds including brokerage and stamp duty deposited
in your Share Trading account, otherwise we can not place
a trade for you. As such, Sanford requires upfront funds in
order to place buy orders.
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How do I put funds
into my account?
You can put funds into your account through one of four ways:
1. BPAY The easiest and quickest
way of transferring money.
To complete the transfer you will need to have Sanford's BPay
biller code and a Sanford issued BPay reference number handy.
Sanford's BPay biller code is 16303. Your BPay account reference
number will be issued to you in your welcome pack upon signing
up with Sanford. Alternatively it can be found under the "BPay
tab" on the Account Services page of the website. Please view
the Account page after logging on for more information on
BPay.
2. BY MAIL: You can send a cheque, marked "Not Negotiable",
and made payable to "Sanford Securities Limited - Trust Account"
to:
The Accounts Manager
Sanford Securities Limited
PO Box 7428
Cloisters Square
Perth WA 6850
Australia.
3. BY DIRECT DEPOSIT: You
can instruct your bank to directly credit our trust account
or you can bank the funds at any National Australia Bank branch.
The following details need to be provided :
BSB No: 086-006
Account No: 68 754 9031
Reference No: your 5 digit client account number
Note: It is very important to reference your deposit
with your 5 digit client account number which will be provided
to you in the Welcome Pack. This allows the Accounts department
to identify your deposit and receipt it to your trading
account. Failure to reference your deposit correctly will
result in a delay in funds being available.
4. BY TELEGRAPHIC TRANSFER: Contact
us by phone on 1300 658 860 or email us on haoyah@sanford.com.au to discuss
this method of depositing funds into your Account.
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What happens to
my funds once I have made a deposit?
Funds must be deposited (via the methods mentioned above)
into Sanford Securities Trust account, referenced with your
5 digit client account number. The funds will then be receipted
into your Cash Management Account or Trust account, which
will then be made available for trading. Funds will be available
for trading within 24-48 hours.
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