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PEXA Source Fund

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Clara
Clara Community Superuser
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on ‎02-05-2019 05:40 PM

on ‎02-05-2019 05:40 PM

PEXA Source Fund

If deposit has already  been made to the PEXA account and settlement date changes, what hapoens to the deposit.  Do we leave the deposit until settlement

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DMc
DMc Community Superuser
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on ‎03-05-2019 11:57 AM

on ‎03-05-2019 11:57 AM

Re: PEXA Source Fund

Sounds like funds would need to be requested to be refunded, within the limits of 'lost/unclaimed moneys'... https://community.pexa.com.au/t5/Ask-the-PEXA-Community/PEXA-Source-Account-Critical-Information/m-p...

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  • duration or request before returned monies
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Clara
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on ‎03-05-2019 12:13 PM

on ‎03-05-2019 12:13 PM

Re: PEXA Source Fund

Dear DMc

 

PEXA hotline confirms that once funds are deposited into the PEXA account,  we will just wait until settlement happens (earlier or later) and no need to request for a refund as funds will still be used to complete the transactions. 

 

I made sure that the amount deposited is slightly more than what is required and a destination line item in favour of the client will be created for the surplus.

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