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Download FileYes. A short video guide demonstrating the Internal Transfer process is available here:
[Insert video link]
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After selecting the relevant client and source account, the “Internal Transfer” option can be found within the top navigation bar of the platform.
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Yes. Relevant confirmation documents will be generated and made available once the transfer has completed.
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Transfers are processed at the next available dealing point, which is typically within the hour.
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Yes. You can choose to transfer into:
- An existing eligible account, or
- A newly opened account created during the process
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Yes. During the transfer journey, you can either:
Transfer cash only (leaving it uninvested in the receiving account), or select assets or models to purchase once the transfer completes.
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No. A minimum 2% cash facility must remain within the transferring product to cover any applicable fees and charges.
This means it is not possible to transfer 100% of the account value, even where the account is fully held in cash.
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Yes. The transferring account must retain the required minimum 2% cash facility after the transfer has been submitted.
If insufficient cash is available, you will need to either:
- Add additional cash to the account, or
- Sell down existing holdings
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No. Internal Transfers can only be completed between accounts with the same currency.
If you need to move funds into a different currency, this should be completed using an FX transaction.
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