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FAQ
What is Cash Plus?
The "Cash Plus" program is a cash management program offered by Futu Securities (Australia) Ltd trading as Moomoo AU, ABN 51 095 920 648, AFSL 224663. Cash Plus aims at enabling Moomoo AU clients to access competitive at-call interests on their uninvested AUD and USD cash balances held in their Moomoo AU Accounts.
Moomoo AU pays a variable interest that is currently 3.75% p.a. (or the "Base Rate") on uninvested AUD and USD cash balances participating in the Cash Plus program under clients' instructions.
The "Cash Plus Introductory Offer" is a promotional offer provided by Moomoo AU, under which New Clients (as defined under Section 3 of the Terms and Conditions https://invest.au.moomoo.com/welcome_rewards) may be eligible for an increased interest rate of 6.8% p.a. for a period of 180 calendar days in substitution for the Base Rates. However, the offer is only applicable to uninvested cash balance of up to AUD $100,000 or equivalent. Uninvested cash balances in excess of this amount during the 180-day period and all uninvested cash balances outside of the 180-day period will accrue interest at Base Rates.
Moomoo AU is not a bank and the Cash Plus program is not a bank deposit.
How do I receive Cash Plus earnings?
The income earned from the Cash Plus program is accrued daily and will generally be paid to your account at the beginning of next month. Refer to this page https://invest.au.moomoo.com/welcome_rewards to keep track of your total Cash Plus earnings.
Will it affect my buying power?
No. Your buying power is unaffected when participating in the Cash Plus program. The cash balance swept to the bank/s will still be considered as part of your account's buying power.
Is my money safe with moomoo?
Moomoo AU holds all client funds in designated trust accounts held with Commonwealth Bank Australia (CBA) and HSBC Bank Australia. Client funds are fully segregated from Moomoo's own funds. To comply with the Corporations Act provisions on handling client money (s981), Moomoo AU has robust internal systems and controls in place to ensure client funds are only handled in accordance with the clients' instructions. In the unlikely event that Moomoo AU enters into receivership or otherwise goes out of business, our creditors will not have any access to lay claims on client funds held in the segregated trust accounts.
How is Cash Plus' accumulated interest calculated? Where can I find my accumulated interest?
Moomoo's Cash Plus deposited from AET 20:00 on T-1 to AET 20:00 on T day will be included in the asset interest on that day, and after AET 20:00, they will be included in the asset interest on the next day.The cash balance is the cash withdrawable amount. Any cash held under pending orders and unsettled orders is not entitled to interest. Funds deposited into your trading account after AET 12pm will be calculated from the next day onwards. You can see your accumulated interest on the landing page here.please book mark this as this is updated dynamically every day. You will also be able to check your accumulated interest when we distribute interest to you at the end of the month. Interest is calculated daily and distributed monthly to your trading account as a cash.
*Cash Plus Introductory Offer for New Clients (180 days)
Introduction:
The "Cash Plus" program is a cash management program offered by Futu Securities (Australia) Ltd trading as Moomoo AU (hereinafter "Moomoo AU", the "Promotor", "we", "our" or "us"), ABN 51 095 920 648, AFSL 224663. Cash Plus aims at enabling Moomoo AU clients to access competitive at-call interests on their uninvested cash balance held in their Moomoo AU securities accounts ("Moomoo AU Account").
Moomoo AU is not a bank and the Cash Plus program is not a bank deposit.
Clients who wish to participate in the Cash Plus program must first provide their standing instructions and consent to the Investment of Client Money Agreement relating to the USD cash management arrangements. This can be completed by clicking on the "Enrol Now" button on the Cash Plus information webpage and following the prompts to read and complete the consent form (hereafter referred to as "Enrol" or "Enrolment").
The Cash Plus program is available to Moomoo AU clients' uninvested cash balances in AUD and USD. It is not available to cash balances in HKD or other currencies.
Moomoo AU pays a variable interest that is currently 3.75% p.a. (the "Base Rate") on uninvested AUD and USD cash balances participating in the Cash Plus program under clients' instructions. This interest is accrued daily but paid monthly. The Base Rate may be subject to change without prior written notice. Please refer to the current Uninvested Cash Interest Rates published on our website[link] for up-to-date interest rates.
The "Cash Plus Introductory Offer" is a promotional offer (the "Campaign") provided by Moomoo AU, under which New Clients (as defined under Section 3 of this Terms and Conditions) may be eligible for an increased interest rate of 6.8% p.a. (the "Introductory Rate") for a period of 180 calendar days in substitution for the Base Rate, however, only applicable to uninvested cash balance of up to AUD $100,000 or equivalent. Uninvested cash balances in excess of this amount during the 180-day period and all uninvested cash balances outside of the 180-day period will accrue interest at Base Rate.
Subject to Section 3.2 of these Terms and Conditions, existing Moomoo AU clients who are not New Clients as defined in Section 3.1 may still be eligible for the Campaign and associated Introductory Rate, but only for a period of up to 60 calendar days.
Other Terms and Conditions:
The 6.8% Cash Plus Introductory Offer Promotion (the "Promotion") is available to both new customers and existing customers who hold an account with Moomoo AU (collectively as "Clients") pursuant to these Terms and Conditions. It is not available, and not advertised to the general public.
This Promotion are provided by Futu Securities (Australia) Ltd. (hereinafter referred to as "Moomoo AU"), a wholly-owned subsidiary of Futu Holdings Limited. In Australia, investment products available on moomoo are offered by Moomoo AU which is regulated by the Australian Securities and Investments Commission(ASIC). The moomoo App is a trading platform offered by Moomoo Inc., a wholly-owned subsidiary of Futu Holdings Limited.
Investing and/or trading in securities markets carry risks and may not be suitable for all investors. Clients willing to participate in this Promotion must read and understand the Financial Services Guide, Risk Disclosure Statements and other disclosure documents which are available on the website (www.moomoo.com/au) before making any investment decisions.
Clients on each participant's personal circumstance and participants should seek advice from a tax professional. There may be other applicable taxes to consider. Clients are responsible for any tax consequences, if any, that may result from their participant of this Promotion.
Moomoo AU strictly prohibits any existing customer from sharing, selling or otherwise promoting their referral link(s) on public domains, including social media platforms that are open for public viewing. Existing customers are reminded that such actions are likely a violation of relevant Australian financial services laws and regulations, which may attract legal consequences. Moomoo reserves the rights to take further actions against the relevant existing customers and/or new customers invited by such existing customers should any such activities are identified, including but not limited to:
Termination or suspension of the Moomoo AU Accounts held by relevant existing customers and/or new customers invited by such existing customers ;
Removal of any allocated or unallocated promotion rewards from the Moomoo AU Accounts held by existing customers and/or new customers, at the expense of the account holder(s);
Disqualify relevant existing customers and/or new customers from participation in any future promotions or events;
Make corresponding reports of misconducts or violation of relevant laws or regulations to regulators, including ASIC.
A text message or e-mail containing relevant information about the Promotion will be sent to participants. If you want to turn off notifications, you can go to "Settings - New Message Notifications - Cancel Notifications" on the moomoo App.
At its sole discretion, Moomoo AU reserves the right to cancel, terminate, modify or suspend this Promotion and invalidate any affected participations, or suspend or vary a reward, without any further notice or assuming any liability to any person(s).
You can only open one trading account with us and are required to agree to all existing terms and conditions in the Client Services Agreement , as well as all the terms and conditions of this Promotion, or any other promotions or events. If your securities account shows signs of fraud, abuse, or suspicious activity, e.g. including but not limited to registering multiple accounts using the same device, Moomoo AU may, at its sole discretion, cancel your rewards and limit your eligibility to participate in future promotions.
Each device, mobile or desktop, is only entitled to one set of account-opening rewards, deposit rewards, and referral rewards. A user can only be referred once. Using the same moomoo ID, phone number, or device will all be regarded as a single user.
This event is not available for users on the "Moomoo AU Event Participation Ban List". If a user repeatedly violates Moomoo AU's safety rules, the user will be put on the "Moomoo AU Event Participation Ban List".If you need to know more about the list, you can contact the customer service team of Moomoo AU.
This Promotion is not an offer, recommendation or solicitation for the purchase or sale of any securities. It is not intended to be, nor does it constitute any form of financial advice.
Moomoo AU shall not assume any liability to any financial or non financial losses incurred to any persons in connection with the Promotion, however arising, including but not limited to losses incurred from trading.
Moomoo AU reserves the right, in its sole discretion, to refuse to allocate any or all of the above benefits if it believes that the client is ineligible to participate in the Promotion, or that the client is engaging in, has engaged in, attempted or caused to engage in activities in violation of the Terms and Conditions. In such cases, Moomoo AU's decision will be final and no further correspondence will be entered into.
Moomoo AU has the final right to interpret these terms and conditions. The data and data confirmed of this Promotion shall be subject to confirmation by Moomoo AU's back-end data. In case of any disputes, Moomoo AU reserves the right to make the final decision without any further notice.
The Terms and Conditions are written in both Chinese and English. In the event of any discrepancy between the Chinese version and the English version, the English version shall prevail.
The moomoo app is an online trading platform offered by Moomoo Technologies Inc.. Securities services available on the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Singapore regulated by the Monetary Authority of Singapore (MAS) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC). Financial services are offered in Australia by Futu Securities (Australia) Ltd, ABN 51 095 920 648, an Australian Financial Services Licensee (AFSL No. 224663). All investments carry risks and investors may suffer losses. Electronic trading also poses risks to investors. The responsiveness of the trading system may vary due to market conditions, system performance, and other factors. Account access and trade execution may be affected by factors such as market volatility. No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of securities, futures, or other financial products. All information and data on the website are for reference only and no historical data shall be considered as the basis for predicting future trends. Information contained on this website is general in nature and have been prepared without consideration of your investment objectives, financial situations or needs. You should consider the appropriateness of the information having regard to your personal circumstances before making any investment decisions. Please read, consider and understand our Financial Services Guide, Privacy Policy, Website Terms and Conditions, Information Collection Notice and Risk Disclosure Statement before deciding to use our services. Copyright © 2023 Futu Securities (Australia) Ltd. All Rights Reserved.
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