The "Cash Plus" program is a cash management program offered by Moomoo Securities Australia Ltd (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 for up-to-date interest rates.
Moomoo Securities Australia Ltd
The Campaign is valid from 20:00 AET on 3 June 2024 to 23:59 AET on 31 July 2024 ("Campaign Period")
Clients with an existing Moomoo AU account and had made their deposit prior to 5 December, 2023 (referred to as "Existing Client/s")
By completing the following steps, Existing Clients is entitled get a 3.05% Cash Plus Booster Coupon stating the boostering period according to these terms and conditions.
Step 1- Access Cash Plus activation page
Existing Clients can click the following link to access the landing page :https://invest.au.moomoo.com/cashplus
Step 2- Complete Enrolment
Complete Enrolment in the Cash Plus program by clicking on the "Unlock Now" button on the Cash Plus information webpage and following the prompts to read and complete the consent form, sign the relevant agreements and confirm authorisation.
Step 3-Complete Deposit Tasks
3.1 Qualifying deposits
Depositing Tasks are divided into 4 levels, an Existing Client is entitled to get a 3.05% Cash Plus Booster Coupon with a 20-day Booster Period after completeing each level of Depositing Tasks, and if an Existing Client completes all 4 levels of Depositing Tasks (i.e the net deposit amount reaches AUD 20,000 or USD equivalent ), he/she is entitled to get four 3.05% Cash Plus Booster Coupons in total (i.e. the maximum booster period would be 80 calendar days).
The 4 level Depositing Tasks are as follows:
Level 1 Depositing Task: make a net deposit of at least AUD 4,000 or USD equivalent, you can unlock one 3.05% Cash Plus Booster Coupon with a 20-day Booster Period
Level 2 Depositing Task: make a net deposit of AUD at least 8,000 or USD equivalent, you can unlock two 3.05% Cash Plus Booster Coupons with a 20-day Booster Period
Level 3 Depositing Task: make a net deposit of at least AUD 12,000 or USD equivalent, you can unlock three 3.05% Cash Plus Booster Coupons with a 20-day Booster Period
Level 4 Depositing Task: make a net deposit of at least AUD 20,000 or USD equivalent, you can unlock four 3.05% Cash Plus Booster Coupons with a 20-day Booster Period
Calculation of net deposit : net deposit: Total deposits since first accessing the page minus Total withdrawals since first accessing the page
Caculation/Settlement Time: Rewards issuance and net deposit for the Depositing Tasks are settled at 23:00 PM AEST, so please make sure not to make any hasty withdrawals after completing your deposit before this time.
Fixed reference exchange rate for calculating AUD equivalent of USD deposits: 1 AUD = 0.65 USD
Clarifications regarding 3.05% Cash Plus Booster Coupons:
If an Existing Client completes the Step 1 and 2, and the first time the Existing Client accesses the landing page, he/she completes the Level 1 Despositing Task by making a deposit of AUD 4,000, he/she will get ONE 3.05% Cash Plus Booster Coupon. Such Existing Client withdraws AUD 1,000 10 days after the foregoing deposit, then if he/she wants to unlock Level 2 Cash Plus Booster Coupon, he/she will need to deposit AUD 6,000 to bring his/her net deposit up to AUD 8,000 AUD (the tab in the landing page will show the amount you need to deposit for unlocking rewards for next level). This is because his/her net deposit falls to AUD 2,000 at the time he/she withdrew AUD 2,000. This example will apply to all levels of Despositing Tasks when calculating the net deposit.
Each Cash Plus Booster Coupon unlocked by completing the respective level of Depositing Tasks can only be unlocked and claimed once, and will not be issued twice. For example, in the above situation, if the Exisiting Client enters the landing page for the second time and again makes a deposit of AUD 2,000 (his/her net deposit increases to AUD 4,000), no further Cash Plus Booster Coupon will be issued since such Existing Client already claimed the Level 1 rewards, and his/her current deposit does not meet the unlocking threshold of Level 2 Depositing Tasks.
If an Existing Client makes a lum-sump deposit of AUD 20,000 (or USD equivalent), he/she can get four 3.05% Cash Plus Booster Coupons at the same time.
3.2 Cash Plus program terms and conditions & Cash Plus Booster Coupon terms and Conditions
Base Rate: variable rate currently 3.75% p.a., applicable to all cash assets deposited in AUD and USD in Moomoo AU Account enrolled for Cash Plus Program.
Boostered Rate for Existing Clients : By using the 3.05% Cash Plus Booster Coupon (as defined below in the "Cash Plus Booster Coupon" section), the Base Rate will boostered to the fixed rate of 6.8% p.a. ("Boostered Rate") for the effective period applicable to the specific Cash Plus Booster Coupon. The Cash Plus Booster Coupon is applicable only to uninvested cash balance of up to 100,000 AUD or equivalent. For the balance beyond the foregoing 100,000 AUD or equivalent, as well as the all uninvested cash balance after the effective period of the Cash Plus Booster Coupons (under this promotion and these terms and conditions, up to 4 Cash Plus Booster Coupons can be claimed, and effective period will be up to a maximum of 80 days), the Base Rate will apply.
Display of the Boostered Rate: The Boostered Rate will be displayed and distributed in two parts, including a 3.75% p.a. Base Rate and a 3.05% p.a. Boostered Rate activated by Cash Plus Booster Coupon (as defined below). Interests calculated according to the Boostered Rate (including both rates mentioned above) will be distributed in the form of cash. Please go to Existing Customer webpage for specific amounts.
Cash Plus Booster Coupon：
Upon initial enrollment, the Existing Client will be deemed to automatically enroll for both AUD and/or USD cash assets deposited in his/her respective trading account, with a 6.8% return on both, so two Cash Plus Booster Coupons will be issued for corresponding assets in these two currencies.
Cash assets applicable to use the Cash Plus Booster Coupon are the same as "Uninvested cash balance" under the Cash Plus program.
If the Existing Client obtains a Cash Plus Booster Coupon for cash assets deposited in either currency (i.e AUD or USD) and there is no other Cash Plus Booster Coupon in effect for the cash assets deposited in such currency, then the Cash Plus Booster Coupon will be automatically activated upon issuance, with no need for manual activation. In the event that more than 1 Cash Plus Booster Coupons were issued at the same time for cash asstes deposited in the same currency upon satisfaction of conditions as per these terms and conditions, these Cash Plus Booster Coupons cannot be used in combination. The Cash Plus Booster Coupons must be manually activated and can only come into effect after the expiration of the previous Cash Plus Booster Coupons's effective period.
Automatic Issuance: Once the Existing Client has completed the above 3 steps (including the Depositing Tasks) for Cash Plus program, an exclusive interest rate card ("Cash Plus Booster Coupon") will be automatically issued at 23:00 PM AEST that day after the settlement and calculation of the net deposit, with no need to manally claim.
Interest Distribution rules: Same as the base interests, the interests arising from the Cash Plus Booster Coupon will be updated daily and usually be paid on the 1st of each following calendar month.
Other rules:
3.3 Other rules and notes
Available Currencies:This Promotion is only available for uninvested cash balances deposited in Australian Dollar (AUD) and US Dollar (USD) , and is not available for uninvested cash balances deposited in other currencies.
Daily interest accrual cut-off period: Funds deposited during the 24 hours from AET 12:00 PM (at noon) on T-1 to AET 12:00 PM (at noon) on T day will be included in the uninvested cash balance calculation on T day . Funds deposited after AET 12:00 PM (at noon) on T day will be included in the uninvested cash balance calculations on T+1 day . The uninvested cash balance refers to the amount of cash that can be withdrawn. Any cash held under pending and unsettled orders is not entitled to any interest.
Daily income calculation formula: Daily Interest = Uninvested cash balance (up to AUD $100,000/ USD $100,000) * 6.8%/365 + remaining uninvested cash balance (the sum exceeding AUD $100,000/ USD $100,000) * 3.75%/365
3.4 How Uninvested Cash Balance is calculated:
1. For purpose of the Cash Plus program, "uninvested cash balance" is defined as the funds immediately available for withdrawal recorded at AET 12:00 PM (at noon) daily cut-off times for interest accrual. On the daily and monthly account statements delivered to clients, this figure is displayed as "Univested Cash" under the Cash section.
2. If the uninvested cash balance returns to zero during the interest accrual period due to reasons such as settlement of trades and/or withdrawal of funds, interest accrual will also stop from the same day (T+0).
3. The following actions (including but without limitation) will reduce uninvested cash balance in the account:
a. Having in-market pending orders, which freezes part of the cash balance equivalent to consideration of the orders;
b. Having executed orders on T day for settlement on T+2, which removes part of the cash balance equivalent to consideration of the orders on T day for ahead of settlement;
c. Confirming participation in corporate actions which will result in payment of cash;
d. Submitting a funds withdrawal request prior to the daily cut-off time;
e. Any other actions and/or items which result in debiting of cash balance, including deductions of fees and charges.
4. Moomoo AU is required by law to obtain clients' agreement and instructions before investing or handling client money to earn interests. If an Eligible New Client completes account opening and deposits but fails to complete the Enrolment process through the Cash Plus information webpage, Moomoo will not have the proper authorisation in place to handle the New Client's funds accordingly to earn interest. In such scenario, the accrual of daily interest will NOT commence until the New Client completes the Enrolment process;
Income display: Participating New Clients and Existing Clients can find [Total accumulated income], [Cash Management Interest], and[Booster rewards] on the activity page, after completing the Enrolment process through the Cash Plus acticity page.
Distribution rules: The interest distribution (for both basic interests and cooster interests ) for the previous calendar month will usually be completed on the first working day of the following month, but subject to uncontrollable delays caused by Force Majeure or third-party reasons cannot be attributed to Moomoo AU. In the event of the aforesaid delay, Moomoo AU will try the best to complete the interest distribution within 3 business days.
Tax consequences: Interest distributed in the Promotion and the Cash Plus program are taxable income which may attract tax consequences. This is dependent on each client's personal circumstances and clients should seek advice from a tax professional if necessary. There may be other applicable taxes to consider. Clients are fully responsible for any tax liabilities, if any, that may arise from interests distributed into their accounts.
Withholding tax: Clients who have not provided their TFN to Moomoo AU may be subject to 47% tax withholding on the interests when they are paid. The amount we withhold will be paid to the Australian Taxation Office. To declare your TFN to Moomoo AU and the ATO, simply navigate to "Accounts" tab - "More" - "Account Profile" and "Modify" under the "Tax Information" section at the bottom.
1. What is Cash Plus?
Cash Plus is a cash management program offered by Moomoo AU to Australian clients. Moomoo AU holds client funds in designated client trust accounts held at Commonwealth Bank Australia and MUFG Bank Australia, which are fully segregated from Moomoo AU's own funds. Moomoo AU passes part or all of the interests earned on uninvested client funds on to its clients.
2. How can the Cash Plus Introductory Offer interest rate (6.8%p.a.) be higher than most bank deposits?
To reward our clients for their ongoing support and to attract new clients to experience our products and services, we subsidise part of the 6.8%p.a.* introductory rate paid on uninvested cash balances for eligible clients participating in the cash management program for a limited period of 60 days (appliocable only to uninvested balance of up to AUD$100,000 and USD$100,000 ; see the T&Cs https://www.moomoo.com/au/support/topic6_482 for full details). All uninvested cash balances outside of the 180-day period will continue to earn a standard variable rate of 3.75%. Moomoo is a fully-owned subsidiary of NASDAQ-listed Futu Holdings (NASDAQ:FUTU), whose financial records are fully transparent and publicly available. We are licensed and regulated in Australia (AFSL 224663) as well as other major markets including US, Hong Kong, Singapore, Japan and Canada, and are leading retail securities broker-dealers in Hong Kong and Singapore (by market share). We have robust internal systems and processes in place to ensure client funds security.
3. How do I receive Cash Plus earnings?
The income earned from the Cash Plus program accrues on a daily basis and is usually paid into your account on the first working day of the following month.Please note that the income will be paid in two parts (for basic income and booster income).Refer to this page https://invest.au.moomoo.com/cashplus to keep track of your total Cash Plus earnings.
4. 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.
5. How is Cash Plus' accumulated interest calculated? Where can I find my accumulated interest?
Moomoo's Cash Plus deposited from AET 12:00 PM (at noon) on T-1 to AET 12:00 PM (at noon) on T day will be included in the asset interest on T day, and after AET 12:00 PM (at noon) , they will be included in the asset interest on T+1 day.The cash balance is the cash withdrawable amount. Any cash held under pending orders and unsettled orders is not entitled to interest. You can see your accumulated interest on the landing page here. You will also be able to check your accumulated interest when we distribute interest to you on the first working day of the following month.Interest is calculated daily and distributed monthly to your trading account as cash .
1. 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.
2. This Promotion are provided by Moomoo 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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).
8. 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.
9. 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.
10. 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.
11. 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.
12. 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.
13. 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.
14. 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.
15. 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.