The funds will be reflected in your StashAway account within 1 to 2 business days. Kindly note that non-local bank transfers may take longer due to extra verification measures. Once we have received your deposit and linked it to your StashAway account, you will receive a receipt confirmation email from us.
Thereafter, you can expect to see your funds invested when the US market opens within 1 to 2 business days.
Kindly note that we will first convert 99% of your cash from AED to USD (at spot rate + 0.08% charged by our vendor) and then invest this sum in the ETFs according to your portfolio allocation. The remaining 1% of your funds remain in USD cash for management fees and rebalancing purposes.