(ASIC) Withdrawal Methods, Fees, and Considerations

We process all withdrawals within 24 hours (Mon-Fri 9:00 am to 6:00 pm GMT+10) on a business day. The funds will reflect in your account depending on the withdrawal method (receiving end).

 



Method Minimum
Withdrawal
Maximum
Withdrawal
Processing Time Fees
Payment icon
Commonwealth Bank $50 $250,000 3 to 7 business days $0
Payment icon
Credit Card $50 Depends on the amount deposited 1 to 7 business days $0

 

Important Note:

If your account has open trades upon submission of the withdrawal request, the free margin must at least be equal to or greater than 150% after the amount has been deducted.
Free Margin Calculation = (Equity/Margin) x 100

 

Withdrawal Considerations

  1. Credit/Debit Card
    • Card deposits are to be returned to the card(s) used to fund the account(s).
    • Card withdrawals usually take between 1-7 business days. In some rare circumstances, they may take up to 28 days— this all depends on your card provider and how they process incoming funds.
    • Regardless if multiple methods have been used to deposit, card refunds will always be processed first.
    • In the event that we are unable to process a card refund for you, we may require an account statement showing your name, account details, and deposits to the trading account(s). Once the source of funds has been verified, we will process the withdrawal to your preferred method.

  2. Bank Transfer
    • The bank account must match your Blueberry Markets account name.
    • Due to AML/CTF policies, we may require additional documentation if your bank account is outside of Australia. International bank wire usually attracts a fee of approximately USD $25.00, which is imposed by and dependent on banking intermediaries; such fees are the responsibility of the client. 
    • If your bank account currency differs from your trading account, we will process the currency conversion, and there may be a flat 1% fee to help subsidise the cost. Conversion of funds at the onset helps increase the likelihood of a successful transfer, as some banks may refuse to convert the funds and reject the transfer.