When you agree to use FinClear Cash Hub, you provide FinClear with a standing instruction that allows us to move your funds between different Client Money Trust Accounts that we may operate, including accounts held with different authorised banks or institutions.
This authority allows us to manage the settlement process, currency requirements and operational efficiencies more effectively. From time to time, this may involve consolidating funds or reallocating balances across accounts in a way that supports the overall administration of the Cash Hub including where that may assist FinClear in managing interest or return outcomes across the broader pool of funds.
These movements do not affect your ownership of the funds, which remain held for your benefit in accordance with the client money provisions of the Corporations Act, and do not require further instruction from you.