Community

Share knowledge. Find answers. Ask questions.

Community

A one-stop forum for all your banking questions

Money Market Fund

Solved
Reply
Highlighted
Nems
New Contributor
Can I move money from my current account to my money market account through the mobile app?
I can move money out of money market account, but can’t see where I can move money into the mm account on the app? please advise
Go to the solution >
0 Kudos
Reply
4 REPLIES 4
05536
Solution
New Contributor
You can move it to money market. You click "Transfer" then you'll see "From" then you'll select the account u want to transfer the money to. Under "From" there's "To", so you'll now select Money Market Account.
0 Kudos
Reply
Nems
New Contributor
Thank you! got it
0 Kudos
Reply
Carla28
Visitor
I tried to transfer money out of my Money Market account which it would not allow me to do as apparently you need to leave a certain amount of money in the account . How do I move it all out of the account then as I need whatever is in there
0 Kudos
Reply
Nems
New Contributor
Carla,

Yes depending on type of money market account - if you have Money Market Select Investment account you have to maintain min ZAR 250,000 - if you have Money Market Call account min balance is ZAR 20,000 - if you want to withdraw all you would need to go to your branch to withdraw and cancel your MM account.
0 Kudos
Reply