Payment process updates
A new investment process - beginning 6 September 2021
From 6 September 2021, our BPAY facility will be extended with each investment product receiving its own BPAY code to enable more efficient funding of your U Ethical account. Available for amounts under $1 million, you’ll be able to contribute to your account when you want, without having to complete additional forms.
Contributions of $1 million and over, will continue to be completed by electronic funds transfer. Please note our bank details have changed and transfers must be accompanied with an additional investment form, available from 6 September.
Please be conscious of the minimum contribution amounts that apply to your product. See the relevant product disclosure statement or information memorandum for more information.
Contributions below $1 million
For contributions below $1 million, please use the BPAY codes below.
Your reference number for each payment is your account number.
| Product Name | Biller Code | Minimum additional investment amount |
| International Equities Trust - Wholesale | 354597 | $10,000 |
| Australian Equities Trust - Wholesale | 354589 | $10,000 |
| Growth Portfolio | 354548 | no mimimum |
| Diversified Income Trust - Wholesale | 354639 | $10,000 |
| Enhanced Income Trust - Wholesale | 354613 | $10,000 |
| Cash Management Trust - Wholesale | 354621 | $10,000 |
| Australian Equities Trust - Retail | 354555 | $200 |
| Cash Management Trust - Retail | 354563 | no minimum |
| Funeral Fund | 354571 | no minimum |
These codes will be available to use from 6 September 2021. The existing contribution process will be phased out by 30 September 2021.
Contributions $1 million and over
Bank transfer payments are available on request, for amounts $1 million and over. Please contact our Client Service Team on 1800 996 888 or info@uethical.com for more information.
New transaction and settlement cut off times for market linked products
From 6 September 2021, the below times will apply for transactions, applications and redemptions
| Product | Transaction cut off time | Settlement - redemptions | Settlement - applications |
| Enhanced Income Trust - Wholesale | 1pm | Transaction day +2 | Transaction day +1 |
| Diversified Income Trust - Wholesale | 1pm | Transaction day +2 | Transaction day +1 |
| Growth Portfolio | 1pm | Transaction day +2 | Transaction day +1 |
| Australian Equities Trust - Wholesale | 1pm | Transaction day +2 | Transaction day +1 |
| International Equities Trust - Wholesale | 1pm | Transaction day +2 | Transaction day +1 |
| Australian Equities Trust - Retail | 1pm | Transaction day +2 | Transaction day +1 |