How to Deposit AUD to Your New AUDD Digital Wallet
Funding your AUDD Digital account so you can buy AUDD
Richaudd
Last Update há 5 dias
If you're looking to deposit Australian Dollars into your AUDD Digital wallet, you're in the right place. This guide will provide you with step-by-step instructions on how to make a deposit with Australian Dollars from your own Bank Account. Even if you're unfamiliar with Digital Currency, fret not. We've kept things straightforward!
Before you proceed with the deposit, ensure you are at least a basic verified user on our platform. Not sure about your verification status or how to be verified? Kindly refer to our support article here.
Steps to Deposit AUD to AUDD Digital Wallet
Step 1: Navigate to Your Wallets
Start by clicking on the 'Wallets' button located in the main menu.
Step 2: Access Your AUD Balance
Here, you'll notice a pie chart with different balances associated with various currencies or assets. Navigate down to the lower wallet secession with for your AUDD balance, which is easily recognizable by our AUDD logo icon next to it. Shift right to the ‘deposit ’ button (the purple ‘↓’ icon ), click on it to proceed.
Step 3: Choose AUDD asset and Fiat Deposit method to Initiate the Deposit Process
The system will generate a pop-up page with assets and deposit methods for you to choose.
Choose ‘AUDD’ for the asset option, and ‘Fiat’ for the deposit method. You'll be presented with a BSB account number where you should deposit your funds.
You can make deposits using your preferred banking provider. Funding to the above provided banking details. It's crucial to include your specific account reference, when making the transfer. This ensures the funds are correctly attributed to your account. Wait for 1-3 mins the equivalent AUDD will sync into your wallet, a pop-up notification will appear with the status once it's completed.
NOTE The first time deposit can take up 24hrs per policy, after which the deposit should be very quick.
Step 5: Checking the deposit details
The transaction record will be displayed simultaneously once the deposit is completed, click View transaction details (the purple “i” icon) to review transaction details.
Important Note on Transfer Time:
AUDD Digital processes Australian dollar payments using Australia's domestic payment networks: the New Payments Platform (NPP) and the Bulk Electronic Clearing System (BECS).
NPP provides near real-time settlement and is the fastest option for most customers. And BECS is handled by the banking system and does not require any action from you.
When a transfer is processed, AUDD platform will process the payment via NPP wherever possible. If your bank does not support NPP, the payment will automatically be routed via BECS.
Non-Standard Payment Methods
Although NPP and BECS cover the majority of payments in Australia, there are instances where alternative methods such as RTGS and SWIFT are required.
Real-Time Gross Settlement (RTGS)
RTGS is typically used for high-value or time-sensitive transfers. Funds that are processed via RTGS are processed on their standard times.
SWIFT is the international banking network used for cross-border payments. SWIFT deposits require manual reconciliation by our support team to account for any intermediary bank fees. These deposits are processed during standard business hours only.
Please refer to the table below of the withdrawal processing time across different banking rails.
Rail
| Processing Time
|
| RTGS | Within 4 hours if lodged before 1pm, or next business day if after. |
| SWIFT | Up to 5 business days. |
| RTGS | Within 4 hours if lodged before 1pm, or next business day if after. |
| SWIFT | Up to 5 business days. |
Note: Processing times are indicative only and may vary depending on the sending or receiving financial institution.
And that's it! By following these steps, you can effortlessly deposit Australian dollars into your AUDD Digital wallet. Should you face any issues or have further queries, don't hesitate to reach out to our support team at support@audd.digital 
