Transact Online continues to evolve, and this month we have made the following updates:
Regular cash transfers between family linked wrappers
You can now set up regular cash transfers between family linked wrappers online, helping to make intergenerational wealth planning even easier. This new feature automates ongoing cash movements, reducing the need for manual transactions and creating a more streamlined process for you and your clients.
Save time – Set up a cash transfer once and let it run automatically.
Reduce risk – Remove the need for manual cash movements and support phased contributions into linked portfolios without the worry of missing instructions.
Stay in control – View all regular cash transfer instructions in the Regular Transactions Report, making it easy to monitor ongoing activity.
Self-Serve Wrapper Closure (GIA & ISA) on TOL
You can now initiate full GIA and ISA wrapper closures directly on TOL. You can fully close a GIA or ISA wrapper as part of a full withdrawal or transfer instruction making portfolio housekeeping quicker and easier.
Withdrawals: Verified Accounts Only
You can submit withdrawal requests (to verified bank accounts only), preventing unnecessary delays and avoiding the frustration of submitting an instruction that cannot be processed. Providing:
Faster, smoother payments - Because the bank account has already been verified, withdrawal requests can be processed efficiently ensuring clients receive their payments without delay.
Clear on-screen guidance - Users are notified immediately if the bank account is not verified allowing the issue to be resolved before the withdrawal instruction is submitted.