What is a Yield Deposit?
A Yield deposit, also can be referred to as an application, is a transfer of funds from your Airwallex cash wallet to your Yield wallet. When you submit a Yield deposit, you are purchasing units within the respective Unit Currency Class.
How do I make a Yield deposit?
- To make a Yield deposit, navigate to your Yield wallet (Wallet -> Balances -> Scroll to below your Airwallex Cash wallet).
- Click on the “Add funds” button. You can do this from the main balances page or within a selected currency Yield balance page.
- Choose the currency and input the amount then click ‘next’
- Review the information you’ve inputted and click “confirm” to submit your Yield deposit
- Congratulations! You’ve successfully submitted a Yield deposit.
When will my Yield deposit settle in my Yield wallet?
AUD & USD Yield deposits submitted before the cut off time, should settle into your Yield wallet in 1-2 business days.*
End of the Month Distribution Period:
The end of month distribution period begins after 12pm on the last business day of the month. If you submit a Yield deposit during this period, it will be processed and earn returns; however, the Yield deposit will appear as pending in your Yield wallet until the distribution period has ended.
Public Holidays:
Yield deposits are not processed during NSW public holidays. For example, AUD & USD Yield deposits will not be processed on Easter or NSW Labour Day public holidays.
Cut-off times
The cut-off times for AUD & USD Yield deposits is 12pm AEDT/AEST.
If you submit a Yield deposit after the cut off time, your Yield deposit will be processed the following business day.
Can I cancel my Yield deposit?
Once submitted, you will be unable to cancel your Yield deposit. You will need to submit a withdrawal request in order to return your funds to your Airwallex cash wallet. For steps on how to complete a withdrawal, please see this article.
*Excluding the end of month distribution period. Yield deposits will remain as pending until the distribution period has ended.
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