Fund Subscription
Can I directly transfer money from my bank account to subscribe to funds?
Yes, you can. Tiger Brokers (NZ) Limited (TBNZ) cooperates with banks to provide authorized transfer service (eDDA real-time deposit).
How to use:
Click on the details page of any fund you want to subscribe to > click the "Subscribe" button
Click "Payment Method" on the purchase page.
Add the eDDA bank account you want to use in the pop-up payment method window. You will see the maximum amount per transaction below your bank account.
If you are not bound to a bank card that supports eDDA, you can select "Add Bank Account"and follow the instructions on the page to go through the card binding process.
After all of the above, you will be on the subscription page. The instructions related to the page are as follows:
If this purchase involves foreign currency exchange, the system will automatically exchange the foreign currency according to the real-time exchange rate before performing the subscription. "Auto-Converted Allowed" would show up below your selected bank account for your reference.
Type in the amount that you want to subscribe to. You can refer to the minimium starting amount of deposit currency and estimated amount of converted currency below "Subscirption Amount".
You need to confirm Additional Terms for Fund Services and Risk Disclosure before you make the purchase. After reviewing it, please check the box ahead.
After completing the above process, Click "Submit Subscription".
Now you can complete the fund subscription through eDDA.
If the debit currency of my bank account is A, can I purchase currency B funds? If so, what is the exchange rate used for my subscription?
Yes, you can.The debit currency of bank card is HKD, and you can subscribe to HKD funds or exchange currency to subscribe for USD funds.The real-time exchange rate of the order is used, and the actual exchange rate of the order is subject to the details of your order.
*The interface is for display and explanation purposes only and should not be regarded as investment advice
Regular saving plan (RSP)
Can I set regular savings plan (RSP) to purchase funds by transfering money from my bank account?
Yes, you can. Tiger Brokers (NZ) Limited (TBNZ) cooperates with banks to provide authorized transfer service (eDDA real-time deposit).
How to use:
Click on the details page of any fund you want to subscribe > click the "RSP" button
After that, you will be on the page below:
Type in the amount that you want to subscribe to. You can refer to the minimium starting amount of deposit currency and estimated amount of converted currency below "Subscirption Amount".
Click "Payment Method" on the RSP purchase page> add the eDDA bank account you want to use in the pop-up payment method window. You will see the maximum amount per transaction below your bank account.
If you are not bound to a bank card that supports eDDA, you can select "Add Bank Account"and follow the instructions on the page to go through the card binding process.
After all of above, you will be back to the purchase page. If this purchase involves foreign currency exchange, the system will automatically exchange the foreign currency according to the real-time exchange rate before performing the subscription. "Auto-Converted Allowed" would show up below your selected bank account for your reference.
Click "Frequency">select the frequency for your RSP by rolling the tab into the dark grey area.
Click Agreements and Risk Notice. After reviewing it, please check the box ahead.
Click "Submit RSP". Now you can complete the set of RSP to purchase funds through transfering money from bank account.
You can also check it in your "RSP Details" page.
Can I reinvest thorugh transfering money through my bank account if I fail to place a singe RSP order?
Yes, you can reinvest through eDDA within 7 natural days.
How to reinvest:
Click the "Re-invest" button below your failed order.
Type in the RSP amount and click "Payment Method" to select the eDDA bank account that you want to use.
Click Agreements and Risk Notice. After reviewing it, please check the box ahead.
Click the "Re-invest" button.
If I deposit HKD into my bank account, what exchange rate will be used when I set RSP to purchase USD funds?
In order to avoid the failure of the deduction order due to exchange rate fluctuations, the minimum purchase amount of the RSP will be adjusted by the reference exchange rate when eDDA exchanges currency to complete the RSP, and the actual order exchange rate is subject to the details of your order.
For example, Client A deposits HKD into bank account and exchange it to purchase an USD fund. The minimum purchase amount of target is 100.00USD. According to the Linked Exchange Rate System, The exchange rate of USD/HKD is within 7.75～7.85(round up to 8.0). In this case, the minimum purchase amount of target through eDDA is 100.00USD*8.0=800HKD.
*The interface is for display and explanation purposes only and should not be regarded as investment advice