Sharesies Spend is currently in beta
To access Sharesies Spend before we roll out to everyone, you’ll first need to register your interest and be invited to the beta.
Transfer from your bank account
As part of your Spend account, you’ll be issued your own unique virtual account number that will be linked to your Spend account. You can make one-off or regular deposits directly from your NZ bank account into Spend using your virtual account number.
To view your virtual account number:
log in to Sharesies
Spend > Top up
copy your Payee name and Account number, then paste them into your bank app’s payment form.
A bank transfer can take a few hours on weekdays, or a few days over weekends and public holidays.
For now, your bank can’t check these details. Make sure the account name and number above match in your bank app before topping up.
Please note, the virtual account number is not a bank account, and can currently only be used to top up your Spend account. You cannot directly pay out of this virtual account, or set up automatic payments or direct debits against it.
Transfer from your Sharesies Wallet
You can also top up your Spend account by transferring settled money from your Sharesies Wallet (here’s how you can top-up your Wallet from your chosen bank account if you need to).
Money needs to settle after you top up your Wallet before you can transfer it to Spend. The time it takes for money to settle varies:
credit, debit, Apple Pay, and Google Pay top-ups usually take a few hours to settle, but can take up to two business days;
instant bank transfers usually settle within an hour, but can take longer after 11 PM.
To transfer money from your Wallet to Spend:
log in to Sharesies
go to your Wallet > Transfer; or go to your Spend account > Transfer
select from Wallet to Spend and enter the amount you’d like to transfer
Review > Confirm.
You can only transfer New Zealand dollars (NZD) to Spend. Other currencies in your Wallet need to be exchanged to NZD before being transferred to Spend.
If you’ve received money from a gift, referral, or promo as part of Sharesies Invest service, you’ll need to first invest the money, then sell the investment, before transferring the money to Spend.
Transferring money after selling shares
If you’ve sold an investment recently and want to transfer the money from the sale to Spend, you need to wait at least two business days for the money to settle. This is so there’s time for legal ownership of the shares to transfer from one shareholder to another.