Instant Account Closure
2 min
Published:
July 8, 2024

Our Instant GIA Account is closing: Here’s everything you need to know

After careful consideration, we have decided to close down our Instant GIA Investing Account. 

This decision was not made lightly, and we would like to explain the reasons behind it and how it will ultimately benefit you.

1. Enhanced Focus on Core Services

Our primary goal is to provide you with the best financial services and products tailored to your needs. By focusing on our Standard Accounts and Savings Accounts, we can allocate more resources to improving these core services. 

This means better customer support, enhanced features, and competitive savings rates that can directly benefit your financial well-being.

2. Streamlined Offerings for Simplicity

We believe that simplifying our product offerings will help you make more informed financial decisions. By concentrating on fewer account types, we can offer clearer, more transparent options that are easier to understand and manage. 

This will lead to a more seamless and straightforward experience for you.

3. Commitment to Security and Stability

Standard Accounts and Savings Accounts are designed to provide you with stability and security. These accounts are usually less susceptible to market fluctuations and can offer more predictable growth and savings options. 

Our enhanced focus on these accounts ensures that your funds are managed with the utmost care and security.

4. Tailored Financial Growth

We are developing new and improved features for our Standard and Savings Accounts that can help you achieve your financial goals more effectively. This includes innovative tools to help you save and grow your money more efficiently.

Important dates

22nd July 2024:  We will disable Deposit and Buy functionality. After this date, you won’t be able to buy any further assets on Instant.

5 August 2024: Sell-down deadline: You need to sell your assets and withdraw the money by this date. After that, we will sell them for you.

30th August 2024: The Instant Account will close down completely.

What you need to do (Important)

  1. Sell your assets on your Instant and withdraw money by 5th August 2024. 
  1. If you have assets remaining in your Instant Account after the sell-down deadline, we will sell them for you and deposit the money in your bank account. Please ensure your nominated bank details are updated and correct.
  1. If you don't have a Standard Account yet, check it out! You can now open one and continue saving and investing with even greater convenience.

Please visit our FAQs for more information

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