Dollar-cost average the exchange rate on your deposits
Our FX fee is a small percentage of the exchange rate, which means you can deposit as much or as little as you like at a time, without being penalised in fees. We have no deposit minimums so some people deposit $1 or less.
This works really well for auto-investors. You can set up an automatic payment from internet banking and get the benefits of dollar cost averaging the exchange rate. Every deposit is also immediately put to work in a Money Market fund, earning dividends until its auto-invested in shares.
You control the percentage you pay in brokerage fees
Any order you place through Hatch has the same low brokerage fees.
Because our brokerage fees are a dollar amount instead of a percentage of your order, you have the ability to control the percentage you pay in fees.
If you want to keep fees below 1% of your order, create an auto-investment for $300 USD or more. We’ve added some examples to show you different ways to get a 1% fee, the examples add a bit of a buffer to allow for exchange rate changes over time, and you can adapt them to whatever suits you:
- Set up an automatic payment of $50 NZD a week and create a quarterly auto-investment for $300 USD
- Set up an automatic payment of $120 NZD a week and create a monthly auto-investment for $300 USD
- Set up an automatic payment for $500 NZD a month and create a monthly auto-investment for $300 USD.
Note: If a share price drops enough that you wind up buying over 300 shares in one order, you'll get more shares for your money (yay!) and our pricing will switch to $0.01 a share (e.g. $3.01 to buy 301 shares)