🚨 Important: From January 15 2026, uninvested funds you hold on Hatch will move from the DAGXX money market fund into US bank deposit accounts.
Why the change?
We want to simplify tax time and reduce risk for our customers, while offering cost-effective access to the US share markets. Uninvested funds will move to US bank deposit accounts, administered by our partner DriveWealth.
How can I keep my money working for me?
Uninvested funds will no longer earn dividends, so we’re proposing two new initiatives that can help to keep your money working
Fees-free trading on select money market ETFs as an alternative to DAGXX
Sliding fees on autoinvest orders so you can make regular small investments with reduced fees
What does this mean for investors?
Uninvested funds will have greater protection from the FDIC - insured up to $1M USD per account.
Uninvested US cash balances will no longer be held in a FIF-qualifying investment, so won't count toward the $50k NZD threshold.
Cash held in a foreign currency account may have tax obligations for you under the financial arrangements rules - as always, Hatch will help you navigate this at tax time.
No more dividends on uninvested funds.
Everything else is business as usual. When you deposit cash, or sell an investment, your funds will still be held in your account until you’re ready to invest or withdraw.
For further details of how the new bank deposit programme operates and for terms and conditions please refer to Drivewealth’s disclosure statement.