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Raiz automatically invests your spare change. Our mobile-first investment platform enables commission free investing, portfolio management with automatic rebalancing and dividend reinvestment, and real-time account monitoring.
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The information on this website/App/email has been prepared...
- Platform Agreement
Platform Agreement. The following terms and conditions...
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Invest your spare change in unit trust funds with Raiz, the...
- Blog
Raiz is a licensed Digital Investment Manager (DIM) by the...
- FAQ
We would like to encourage you to withdraw your account...
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Raiz automatically invests your spare change. Our...
- Security
Raiz Does Not Keep Your Money. It is Held in Custody by Our...
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This website/app, operated by Raiz Malaysia Sdn Bhd (Company...
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Raiz Invest offers a range of diversified portfolios for investing and saving, as well as superannuation and SMSF solutions. Sign up and access the app, plus portfolio, rewards, and more.
Dec 11, 2018 · With Raiz, saving and investing is easier than ever before. First, connect a bank account to your Raiz account. This is where all deposits and withdrawals to and from your Raiz account will come and go. Next, you’ll need to choose a Raiz investment portfolio.
Raiz, a joint venture between PNB and Raiz Invest, will cease operations in Malaysia after a strategic review. The exit will not impact the Australian business of Raiz, which offers micro-investing and fintech services.
- Traditional Investing vs Micro-Investing
- What Is Raiz?
- Depositing Money Into Raiz
- Withdrawing Money from Raiz
- How to Close A Raiz Account
- Raiz Fees
- Is Raiz A Good Investment Tool?
- Raiz vs CommSec Pocket
- GeneratedCaptionsTabForHeroSec
Traditional investing often means dealing in relatively large sums of money – to trade on Australia's stock market (ASX), for example, you first have to buy at least $500 worth of shares. But micro-investing apps such as Raiz and CommSec Pocket let you enter the market with smaller amounts of money, making investing accessible to people with limite...
Promising to "enable a new class of investors", Raiz (previously known as Acorns) was one of the first micro-investing apps to launch in Australia back in 2016. The company claims millennials as the mainstay of its business, and in 2022 was the Australian micro-investing market leader by total number of accounts. As of November 2022, it was hosting...
Upon signing up for Raiz, new users are required to link the service to a bank account. Once this is done, there are three ways they can take money and put it into their Raiz investment account:
You can withdraw funds at any time via Raiz's app or website and you won't have to pay any penalties or fees for doing so. Keep in mind, though, you won't be able to get your money back instantly – Raiz says it may take up to five days until the cash is available in your bank account. Withdrawals may also be subject to rounding, which occurs when a...
Just as you can withdraw money at any time, Raiz also lets you cancel your account with them whenever you want to. You can do this by opening your Raiz account and going to My settings > Support > Close account. It's important to follow this process and to get in touch with the company directly if you're struggling. Just deleting the Raiz app off y...
Maintenance fees
Raiz makes it free to set up an account and charges no brokerage fees, but will charge ongoing admin fees once you deposit money. If you have one of the five main risk-based portfolios or the Emerald portfolio, you'll be charged a $3.50 monthly fee if your balance is under $15,000. The Custom portfolio attracts a slightly higher fee of $4.50 per month when it contains less than $20,000, while holders of a Sapphire portfolio will pay $3.50 each month, regardless of their account balance and in...
Account fees
If you have more than $15,000 in your risk-based or Emerald account (or $20,000 if you have a Custom portfolio), Raiz stops charging the monthly maintenance fee and instead charges an account fee of 0.275% per annum, levied monthly. This means that if you had $20,000 in your account, for example, you'd pay an account fee of $55 per year. The same account fee applies to all portfolio types, but if you have a Sapphire portfolio, you'll be paying this on top of the maintenance fee, regardless of...
ETF management fees
While Raiz is pretty upfront about its maintenance and account fees, you may not be aware that the issuers of the ETFs also charge their own management fees. These range from 0.04% pa to 0.59% pa and reduce the value of your Raiz account.
Raiz is quick to tell users it's "not a get rich quick scheme" and often describes itself as a "saving" tool in its messaging, advising potential clients that it can take several years for their portfolio to grow. Associate Professor of Finance at RMIT Dr Angel Zhong says micro-investing services like Raiz are an "accessible, affordable and empower...
The Commonwealth Bank's CommSec Pocket is another big micro-investment app on the market. Here's how its fees and portfolio options compare to Raiz's. Stock images:Getty, unless otherwise stated.
Raiz is a popular app that lets you invest in ready-made or custom portfolios of ETFs with as little as $5. Learn about its features, fees, benefits and drawbacks, and how it compares to other micro-investing services.
Raiz is an automated investment service that rounds up each transaction from your Debit Card to the nearest Ringgit and invests the change into a unit trust portfolio based on your financial situation and goals.
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