Your bank transfer could be delayed for a few reasons:
· Your first transfer may be placed on a 24-72 hour hold by your bank.
· There may be a compliance check in accordance with Anti-Money Laundering legislation.
· Your transfer was rejected by your bank.
If you suspect your funds are on hold by your bank, contact your bank directly for more information. If you have any questions, don’t hesitate to contact our support team at blossom@blossomapp.com.
For a bank transfer, we’ll give you a unique BSB and Account Number. You can use this to transfer funds yourself through your online banking or mobile banking app. With a bank transfer, your funds will reach your account instantly (subject to banking and payment systems).
To invest via bank transfer, follow the steps below:
1. Go to Transfers > Add Funds
2. Choose Blossom Save or Blossom Plus
3. Input the amount you would like to transfer
4. Choose bank transfer as your payment method
5. Copy the BSB and Account Number
6. Open your internet banking or banking app
7. Select 'pay someone new’ or 'new payee'
8. Select pay to a 'Bank accunt' and paste the BSB, Account Number and Account Name
9. Enter the amount and select Pay.
Please note, you will have a different BSB and Account Number for Blossom Save and Blossom Plus - make sure you copy the correct one for your transfer.
You can fund your Blossom account via PayID, Direct Debit or bank transfer. Go to Transfers > Add Funds in your Blossom app or on the web. With PayID or bank transfer, your funds will reach your account instantly. Please note, you will have a different PayID and BSB and Account Number for Blossom Save and Blossom Plus - make sure you copy the correct one for your transfer.
Yes, you can open a Blossom account in the name of your Trust. You must be a beneficial owner of the Trust or an individual Trustee or Director of the Company Trustee, to open a Trust account with Blossom.
If you have an existing individual account and you’d like to open a Trust account, you can:
If you don’t have an existing individual account, you can:
We’ll send you an email as soon as your Trust account has been verified and you can add funds.
We’ll do our best to verify your Trust account instantly. In some cases, it may take 1-2 days for the Blossom team to verify your Trust account.
Yes, you can open a Blossom account in the name of your Company. You must be a Director of the company to open a Company account with Blossom.
If you have an existing individual account and you’d like to open a Company account, you can:
If you don’t have an existing individual account, you can:
We’ll send you an email as soon as your Company account has been verified and you can add funds!
We’ll do our best to verify your Company account instantly. In some cases, it may take 1-2 days for the Blossom team to verify your Company account.
Yes, you can open a Blossom account in the name of your SMSF. You must be a beneficial owner of the SMSF or an individual Trustee or Director of the SMSF Trustee, to open a SMSF account with Blossom.
If you have an existing individual account and you’d like to open a SMSF account, you can:
If you don’t have an existing individual account, you can:
We’ll send you an email as soon as your SMSF account has been verified and you can add funds.
We’ll do our best to verify your SMSF account instantly. In some cases, it may take 1-2 days for the Blossom team to verify your SMSF account.
No, you can only open a Company, Trust and SMSF account through the web app at app.blossomapp.com/login. You cannot sign up through the mobile app.
You can create an individual account through both the web and mobile apps.
Yes, you can open an individual and Company, Trust or SMSF account with Blossom under one profile. If you already have an account set up with Blossom and you’d like to add another, you can:
We’ll do our best to verify your Company, Trust or SMSF account instantly. In some cases, it will take 1-2 days for the Blossom team to verify your new Company, Trust or SMSF account.
We’ll send you an email as soon as your account has been verified and you can add funds!
To switch between accounts, go to:
If you want to switch back, you can follow the same process!
You can set up a maximum of two accounts under a single profile. This includes one individual account and one Company, Trust, or SMSF account.
On average, it can take 10 minutes to apply for a Company, Trust or SMSF account. We’ll do our best to verify your Company, Trust or SMSF account instantly. In some cases, it may take 1-2 days for the Blossom team to verify your Company, Trust or SMSF account.
We’ll send you an email as soon as your Company, Trust or SMSF account has been verified and you can add funds!
To open a Company account, you'll need to provide:
For a SMSF account, you'll need to provide:
For Trust accounts, you’ll need to provide:
