To withdraw money from your Spend account, you need to transfer it to your Sharesies Wallet first, or withdraw it at an ATM.
Transfer money from your Spend account
To transfer money from your Spend account to your Sharesies Wallet:
log in to Sharesies
select Spend > Transfer money
select from Spend to Wallet and enter the amount
review and select Confirm transfer.
You can use money transferred from Spend to your Wallet immediately to invest. Withdrawing money from a Sharesies Wallet may take up to 1-2 business days (or longer if we need more info from you) to land in your bank account.
Withdraw money from your Spend account at an ATM
You can withdraw money from your physical Spend card using any ATM that accepts Mastercard. You’ll need to select CREDIT after inserting your card and follow the prompts to make a withdrawal.
You get 3 free ATM withdrawals each month. After that, an ATM withdrawal fee applies.
Keep in mind, some ATM providers might also charge their own fee for using their machines.
To help keep your account safe, your Spend card is limited to 5 withdrawals per day, up to a total of $2,000 NZD.
Spend doesn’t support direct debit payments or transfers to external bank accounts.