How do I transfer from AUD to USD?
To transfer AUD to USD in your Superhero wallet, click on the USD tab and follow the steps.
Steps to transfer:
1. Type in the dollar amount you want to transfer (A$100 minimum)
2. Click ‘Calculate’. This will hold the rate for 10 seconds
3. Once satisfied with the rate, click ‘Confirm’
4. Your funds will be transferred into USD in real time and will appear in your USD wallet.
How does currency conversion work?
Once you have entered the amount you want to transfer, and click ‘Calculate’, the rate will be held for 10 seconds.
If you do not click ‘Confirm’ within the 10-second window, you will need to hit ‘Calculate’ again.
Foreign exchange (FX) rates fluctuate frequently, which is why the rate is only held for ten seconds. This ensures you receive the most accurate rate at the time of conversion.
Your FX transfer will occur instantly and you are able to trade right away.
For more information on our fees, please see our Fee Schedule.
What FX Transfer fees do you charge?
If you convert Australian Dollars (AUD) to U.S. Dollars (USD), our FX Transfer Fee (margin) of 65 bps is deducted from the USD rate. If you convert U.S. Dollars (USD) to Australian Dollars (AUD), our FX Transfer Fee (margin) of 65 bps is added to the USD rate. This means that the amount you receive is net of the FX Transfer Fee.
Example: If you convert A$100 into USD and the current USD FX rate is 0.7500, you will be exchanging your AUD at a rate of 0.7435 after fees. Overall, you will be receiving US$74.35 in exchange for your A$100 after fees.
Superhero’s FX Transfer Fee is calculated as 65 bps in USD per AUD converted and vice versa, however the fee is always presented in your local currency.
Is there a minimum amount I can transfer to/from my U.S. Wallet?
There is a $100 minimum for currency transfers to or from Australian dollars and U.S. dollars. However, if you have less than US$100 in your Wallet, you are able to transfer the full amount back to Australian dollars (minimum balance of US$1 required).
An FX Transfer fee will still apply in this circumstance.
Who is eligible for the Superhero Adviser Platform?
Financial advisers who are licensed under an active AFSL to provide financial advice relating to trading in listed securities and/or superannuation are able to apply for access to the Superhero Adviser Platform.
