You find your personal funding account number information directly from our platform(s), simply select and then Deposits & transfers > Deposit funds or, click here.
Virtual Account Number (VAN) bank transfer (AUD, USD, EUR, GBP and NZD only)
Under the “Bank transfer” tab, you will find your unique VAN.
Use this unique BSB code and bank account number when transferring AUD, USD, EUR, GBP and NZD funds from your personal bank account locally.
If you transfer funds from other countries, please select International. The funding instruction will show accordingly.
Saxo will seek to match the currency of your deposit to your relevant currency sub-account. You can then take advantage of Saxo's FX rates to seamlessly transfer deposited funds to a different currency sub-account.
Note that VANs are personal, and should not be shared with others.
Those who wish to transfer AUD, USD, EUR, GBP and NZD funds to their Saxo account without using a VAN can continue to do so - please see below for instructions.
AUD Bank Account Details:
Account Name: Saxo Capital Markets (Australia) Limited
BSB: 342 011
Account Number: 451747163
Reference: * Your Saxo Client ID (e.g. 1357683)
FX Currency Bank Account Details:
Bank: HSBC Bank Australia Limited
Address: 28 Bridge Street Sydney, NSW 2000
Account Name: Saxo Capital Markets (Australia) Limited
Account Number: See below for currency Account Number
Reference: *Your Saxo Client ID (e.g. 1357683)
HSBC Bank Australia Limited
28 Bridge Street
Sydney NSW 2000
|FX Currency||Account Number|
Please ensure that you have read the below general section on important information relating to funding your account.
Before you fund your trading account with SCM, please ensure that your existing bank account has been opened under the same name (in the exact order, sequence and form) as the name which has been used to open your SCM trading account. You can only withdraw funds from your trading account to a bank account held under your name. Please instruct your bank to include your Saxo Client ID and Name in your transfer instructions.
Instant Transfer via Card Funding module:
Go to the main menu > Deposit and Transfer > Funding Instructions
Please refer to our Credit and Debit Card Payment Factsheet
|Transaction Currency||AUD and USD|
|Transaction Limit||Please refer to our Credit & Debit Card Payment Factsheet|
|Banking information/process||For further information on funding via credit/debit card payments, please refer to the below links.
Merchant Transaction Fees are charged by the Payment Service Provider.
Saxo does not charge any fees relating to credit card payments.
Third-Party funding is not accepted
SCM does not accept incoming funds from any third party. SCM will only accept funds originating from a bank account held in the same name registered with SCM. This rule applies to both individual accounts as well as corporate accounts.
Funds received from any third party accounts will be returned (fewer bank charges) to the sender. The funds should typically reach the sender’s account within 5 to 10 working days, however, there may sometimes be a delay depending on the banks involved.
Unaccepted forms of payment
SCM does not accept Banker’s Drafts/cheques, Cash Deposits and remittances from Exchange Houses/Money Changers. Funds received from any or all of these payment channels will be rejected and returned to the sender (fewer bank charges, if any).
If you transfer funds that are in a different currency than the currency of our HSBC account, your funds will be accepted and automatically be converted to the appropriate currency by HSBC who will charge a non-refundable currency conversion fee. For example, if you send USD to our AUD account 011-451747-163 at HSBC, HSBC will convert your USD to AUD and credit our account.
If your funds are subsequently rejected by us (for example, for Third-Party Funding or remittances from Exchange Houses/Money Changers), any currency conversion already carried out on your funds will not be reversed.
If you do not have an SCM account denominated in the same currency as our HSBC account that your funds have been transferred to, we will convert the funds to the appropriate currency when crediting your SCM account, and you will be charged a non-refundable currency conversion fee as described in our Commissions, Charges and Margin Schedule. For example, if you send AUD to our AUD account 011-451747-163 at HSBC, and you only have a USD-denominated SCM account, we will convert your AUD to USD and credit your SCM account.
SCM can and will only credit your account with the actual monies received on your behalf.
Remittance charges should be fully covered by the sender.
Rejected funds due to remittance received before the Due Diligence has been completed and you have received your account details or remittance received from Exchange Houses/Money Changers or any third party (including family members) will be returned to the sender fewer bank charges (if any).
Request for proof of remittance
Please note that we are required under the Anti-Money Laundering rules and regulations to request for and verify proof of remittance from our clients. Although such request may not be made immediately upon making the bank transfer or credit/debit card payment, Saxo Capital Markets reserves the right to request for such proof at a later date. If the client is unable to furnish such proof of remittance within a reasonable period of time, we are entitled to limit or restrict