In this digital age, managing our finances has become more convenient than ever. Online investment platforms like Sharesies have gained immense popularity, offering a user-friendly interface and easy access to investment opportunities.
However, there might be various reasons why you would want to delete your Sharesies account. Whether you’ve achieved your investment goals or simply want to switch to a different platform, deleting your Sharesies account might initially seem daunting. Fear not!
This comprehensive guide will walk you through the steps of deleting your Sharesies account while addressing some commonly asked questions.
Understanding Sharesies: A Brief Overview
Before we dive into the deletion process, let’s take a moment to understand what Sharesies is all about. Founded in 2017, Sharesies is an online investment platform based in New Zealand that aims to make investing accessible to everyone. It allows users to invest in a wide range of assets, from shares and ETFs to bonds and managed funds, with as little as $1.
Reasons for Deleting Your Sharesies Account
Changing Investment Strategies
As your financial goals and investment strategies evolve, you might find that Sharesies no longer aligns with your objectives. It’s natural for investors to seek different opportunities that better suit their risk tolerance and investment preferences.
Platform Switch
You might have discovered another investment platform that offers features, fees, or investment options that better suit your needs. In this case, closing your Sharesies account becomes a necessary step in transferring your investments elsewhere.
Achieving Financial Goals
Congratulations! You might have reached your investment goals through Sharesies and wish to withdraw your funds or invest them differently. Before deleting your account, ensure you’ve taken the necessary steps to secure your financial gains.
Account Inactivity
If you haven’t used your Sharesies account for an extended period, you might consider closing it to avoid unnecessary fees and to keep your investment portfolio more streamlined.
Preparing to Delete Your Sharesies Account
Check Your Investment Portfolio
Before proceeding with the deletion process, review your investment portfolio on Sharesies. Ensure that you’ve sold or transferred any investments you want to keep or move to a different platform.
Withdraw Your Funds
If you have funds in your Sharesies account, make sure to withdraw them before closing your account. You can easily withdraw funds through the Sharesies platform and have them transferred to your linked bank account.
Review Tax Implications
Investments may have tax implications, so it’s essential to review your tax situation before deleting your Sharesies account. Seek advice from a tax professional if needed to ensure you comply with relevant tax regulations.
Inform Beneficiaries
If you have nominated beneficiaries for your Sharesies account, inform them about your decision to close the account and provide guidance on accessing their entitlements.
Steps to Delete Your Sharesies Account
Log In to Your Sharesies Account
To initiate the deletion process, log in to your Sharesies account using your registered email address and password.
Navigate to Account Settings
In the dashboard, locate and click on “Account Settings.” This option can usually be found in the dropdown menu under your profile picture.
Select “Delete Account”
Within the Account Settings page, scroll down until you find the “Delete Account” option. Click on it to proceed.
Confirm Deletion
Sharesies cares about its users and their financial decisions. They will prompt you to reconsider your decision. Confirm that you indeed want to delete your account.
Enter Password and Submit
To finalize the account deletion process, enter your Sharesies account password and click “Submit.” This extra security step ensures that only you can delete your account.
Frequently Asked Questions:
Can I Reactivate My Deleted Sharesies Account?
No, once you’ve deleted your Sharesies account, it cannot be reactivated. You will need to create a new account if you decide to use the platform again.
Will Deleting My Account Cancel My Investments?
No, deleting your Sharesies account will not cancel your investments. Ensure you have withdrawn or transferred your funds and investments before deleting the account.
How Long Does It Take to Delete My Sharesies Account?
Sharesies typically processes account deletion requests within a few business days. However, it may take longer during peak periods.
Can I Delete My Sharesies Account via Mobile App?
Yes, you can delete your Sharesies account using either the mobile app or the web platform. The steps are similar in both cases.
What Happens to My Personal Data After Account Deletion?
Sharesies retains your personal data as required by law and for record-keeping purposes. They will continue to comply with relevant privacy policies even after account deletion.
Conclusion
Deciding to delete your Sharesies account is a significant financial decision, and it’s crucial to handle it with care. We hope this comprehensive guide has provided you with the information you need to proceed with the account deletion process confidently.
Review your investment portfolio, withdraw your funds, and consider any tax implications before taking this step. As always, consult with financial professionals if you need personalized advice on your investments. Happy investing!
I’m Kevin Harkin, a technology expert and writer. With more than 20 years of tech industry experience, I founded several successful companies. With my expertise in the field, I am passionate about helping others make the most of technology to improve their lives.