Deposit
Q1. How do I add funds and what are the deposit methods?
You can deposit funds with your PayID, Apple Pay, bank transfer, debit card or credit card in Australia.
Your IG account details (such as your name and address) need to match your bank account details, as we don't accept deposits made by a third party, or from a business card.
We currently do not accept funding via digital banks, brokers and crypto such as: Wise, Revolut, Interactive Brokers, Charles Schwab, Netwealth, Blockchain and Binance etc.
PayID
You can fund your account using PayID from your Australian bank account.
Execution time: Instant deposit, via your banking app
Cost: Free
Navigate to Portfolio
Access "Add Money" tab: Select payment options (PayID)
Copy PayID address: Use the provided unique PayID identifier
Complete payment: Send funds via your bank's PayID system
Instant processing: Funds are typically available immediately
Card & Apple Pay
Card Type | Cost |
Visa (credit) | No fee |
Mastercard (credit) | No fee |
Debit card | No fee |
You can fund your account via Apple Pay, which allows you to authorise a card payment using Face ID, fingerprint, or passcode on your phone.
Navigate to Portfolio
Access "Add Money" tab: Select payment options (Card)
Key in card details including card number, expiry date and security code.
Entering the amount and completing the payment
Instant processing: Funds are typically available immediately
Note |
• For security reasons payments must be made directly by the named IG account holder, and not by any third parties. |
Bank transfer
Execution time: Up to 1 business day, via your banking app
Cost: Free
Navigate to Portfolio
Tap 'Add Money'
Tap 'Manual bank transfer'
Copy transfer details: Use the provided IG banking details
Complete payment: Log in to your bank, then use our details to transfer funds
Note |
• For a faster and smoother experience, please quote your IG account as reference. |
Q2. What are the minimum and maximum deposit amounts?
Method | Minimum | Maximum |
Credit / Debit card | A$10 | A$50,000 (credit) / A$99,999 (debit) |
Apple Pay | A$10 | As per card limits above |
PayID | A$10 | Dependent on your bank's limit |
Bank transfer | A$10 | No maximum |
Withdrawals
Q3. How do I withdraw from my IG account?
Bank transfer withdrawals are available once your banking details and source of deposits have been verified.
Navigate to Portfolio
Tap 'Withdraw'
Tap 'Bank' to add bank details (if you have not already)
Enter and save your bank account details
Verify your bank account (first withdrawal only): Navigate to Settings > Documents > Withdrawal verification
Once verified, you can withdraw to this bank account
Note |
Withdrawals by EFT, if requested before 11am (AEST): on the same day if you're banking with Westpac. Any other bank accounts should receive the funds the next day. |
Q4. Can I transfer funds between IG Markets accounts?
Yes you can.
Navigate to Portfolio
Tap 'Transfer funds'
Select From and To account and enter amount you would like to transfer
Complete the transfer by clicking "Transfer"
Q5. How long does it take to withdraw funds once I have sold my holdings?
When selling cryptocurrencies on a Crypto account, settlement is instant — funds are available for withdrawal immediately upon completion of the trade.
When selling equities on a share account, there is a 'settlement period' of 1 to 2 business days before your funds become available to withdraw.
Settlement for AU equities typically takes two business days from the trade date (T+2), while US equities settle within one business day (T+1). Before settlement is complete, your funds can be used to trade but are not yet available for withdrawal.
Q6. What are the minimum and maximum withdrawal amounts?
Method | Minimum | Maximum |
EFT bank transfer | A$10 | No maximum |
Note |
If your account balance is less than A$10, you may withdraw any available amount. |