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Hey Driver, stupid question but it'll be quicker asking you than...

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Huge Jaxxon

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29/02/24

12:22

Post #: 72668107
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Originally posted by Driver1: ↑

In Westpac Global go to accounts tab, then holdings tab, the cash money box will have -15, if you look at total and equities boxes you'll see a $15 discrepency. When you do pay add twenty cents to cover FX changes for when they actually do the transfer at night as the FX rate floats a couple of percent. I found this out the hard way, ended up 5c short had to add extra to make it up. Westpac woudn't cover the 5c!!

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Hey Driver, stupid question but it'll be quicker asking you than waiting for Westpac support. Not used to their setup. Do you just fund your Cash Investment Account in the non global trading area of the account to pay the Pershing fee?

Just noted a 90 AUD transfer out fee on some Westpac docs so it seems I'll get stung in the end through this process. Still cheaper than Tiger I guess!

IHL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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