Easy Equities good or bad?

I took the debit order option and saw that if you sell, your "locked funds" from debit orders can take between 40 and 180 days to clear. Next time I will read the terms and conditions :)
 
If any of you do not have an easyequities.co.za Account yet you have till Friday (23rd of September) 2pm to win a starting bonus/voucher that way when you open the account you can start with some real money and invest! - http://goo.gl/8R18rp (that's a link to the competition I use the Google shortner for analytics)
 
Can anybody explain why they say to use the FNB account when transferring from Capitec? I was always under the impression they are more tightly linked to Absa so that account should get deposits earlier.
 
A transfer from one to another bank takes one day when processed during bank business hours i.e. 9-4. If done after 4 it will take two business days.

Being "tightly linked" doesn't change banking rules. Besides, FNB is a better bank than ABSA.
 
AirWolf said:
A transfer from one to another bank takes one day when processed during bank business hours i.e. 9-4. If done after 4 it will take two business days.

Being "tightly linked" doesn't change banking rules. Besides, FNB is a better bank than ABSA.
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Reading up more on this both ABSA and FNB payments clear quickly. I can see no reason to pick one above the other except FNB is perhaps their main account which they check more often.

Actually payments from Capitec before the cutoff clear the same day, next business day if after the cutoff.
 
Meh,

We know that every minute spent away from EasyEquities feels like forever, but as the saying goes, all good things come to those that wait!

We're busy running reports, updating instruments and making the platform Easier... all for you!

We promise to be back as soon as possible.
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:(
 
Hi just logged into EE and saw a few changes eg shares , etf buttons where they are split now and the etn button. See we can actually buy etn's now. i don't really understand etn's can someone put it in laymens terms for me please
 
Dragonflower said:
Hi just logged into EE and saw a few changes eg shares , etf buttons where they are split now and the etn button. See we can actually buy etn's now. i don't really understand etn's can someone put it in laymens terms for me please
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You always could buy ETNs (Not on TFSA though) they've just grouped them together now.

http://www.investopedia.com/terms/e/etn.asp
 
Dragonflower said:
Hi just logged into EE and saw a few changes eg shares , etf buttons where they are split now and the etn button. See we can actually buy etn's now. i don't really understand etn's can someone put it in laymens terms for me please
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ETF - you own the underlying shares

ETN - the issuer "loans" you money. They can't keep barrels of oil in the basement for you, so rather issue you with an "IOU". If they go bust you could lose your investment.
 
I made a transfer to EE this morning. 2 and a half hours later and no funds in my account yet. Last year it took 30 minutes, last month 1 hour.
 
Made a transfer yesterday morning, should have been in their account by midnight. They only allocated it after midday.
 
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