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.
StashAway Management (DIFC) Limited is regulated by the DFSA (license number F006312) for the provision of arranging custody, arranging deals in investments, advising on financial products, and managing assets, with a retail endorsement.
StashAway Management (DIFC) Limited (registration number CL 3982) is established in the DIFC pursuant to the DIFC Companies Law. Its registered address is Unit 1301, Level 13, Emirates Financial Towers, P.O. Box 507051, Dubai International Financial Centre, Dubai, United Arab Emirates.