What is a Yield Deposit?
A deposit is a transfer of funds from your Airwallex cash balance to your Yield balance.
Funds transferred into your Yield balance will be used to purchase units in the underlying fund for the specified amount.
How do I put money into Yield?
- 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 (AEDT/AEST) 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.
Related to