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Withdrawing funds

How to access your funds, how long the transfer takes, checking your linked bank account, is there a lock in period?

Mitchell Sneddon avatar
Written by Mitchell Sneddon
Updated over 8 months ago

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Investing is for living. Whether you're retired and funding your lifestyle from the income, you've reached your investment goal and you've downloaded the Real Estate app, or sometimes you just need the funds. Here's the in's and outs of taking your funds...outs.

How to make a partial withdrawal

From the dashboard click on Withdrawal Requests. From here you will be able to type in an amount you would like to withdraw. You will need to maintain a balance of at least $10K to keep the account open.

You will need to verify the withdrawal request before it is actioned. You can choose between a text message or email verification.

You want to withdraw but keep the account open

To keep the account open you must maintain the minimum investment amount in the account.

If your withdrawal takes your balance below the minimum investment amount we will contact you and discuss the potential closure of your account. Accounts below the minimum investment amount become less efficient with costs eating away at investment returns.

How long does it take to get your funds out?

Allow up to five business days from when you verify your withdrawal request for the funds land in your bank account.

How to check the bank account your funds will be transferred to

You can check, and update if needed, your bank account details in the Investment Preferences section of the Rask Invest dashboard.

Can I choose which investments the cash comes from?

No, our team will draw down the required cash amount and maintain the balance of your account in line with your chosen model.

Can I transfer out the stock?

Yes you can. A transfer fee may apply. You can choose to transfer all or some investments and sell down the remaining. Please use the chat function in the bottom right corner to speak with the team if you wish to do this.

How to close an account

In the Withdrawal tab you will see the option to type in an amount and next to this field is a box you can tick for a full account closure. When verified this will trigger a sell down of your holdings and the account will close. You will still receive a tax statement for the time spent as an investor.

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