Hatch Review
Our review of Hatch outlines the US investing platform's fees, pros and cons, alternatives and must-know facts.
Updated 29 July 2025
Our Review
Our review covers:
- In this guide, we outline what Hatch is, its features, fees, FX conversion rates and how it differs from other overseas share investing platforms such as Stake and Sharesies (for US-listed shares and ETFs).
- Hatch, like other platforms, is challenged by the likes of Superhero (which offers US$2 trade fees), and Tiger Brokers which offers low FX fees.
- We also compare it to established alternatives such as ASB Securities, and ETF platforms like InvestNow.
Our review covers:
Want to compare Hatch with Stake? Our Hatch vs Stake guide does this in detail.
Please note: MoneyHub is not a Financial Adviser, and this guide has been published to explain Hatch and outline the pros and cons of the platform as an investment option. FX rates and share prices are for illustration purposes only and used to explain Hatch's fees. They do not reflect today's figures.
Exclusive MoneyHub arrangement - sign up to Hatch through MoneyHub and get a $20 top up when you deposit $100 or more.
Advertising disclosure: Hatch compensates MoneyHub for referrals generated, but this does not alter our research-based opinion of the service, and plenty of alternatives exist that may be better suited to your investing needs (see Hatch vs Sharesies vs Stake as one example). Please visit our Advertising Policy for more details about how we make money.
Related Resources:
Please note: MoneyHub is not a Financial Adviser, and this guide has been published to explain Hatch and outline the pros and cons of the platform as an investment option. FX rates and share prices are for illustration purposes only and used to explain Hatch's fees. They do not reflect today's figures.
Exclusive MoneyHub arrangement - sign up to Hatch through MoneyHub and get a $20 top up when you deposit $100 or more.
Advertising disclosure: Hatch compensates MoneyHub for referrals generated, but this does not alter our research-based opinion of the service, and plenty of alternatives exist that may be better suited to your investing needs (see Hatch vs Sharesies vs Stake as one example). Please visit our Advertising Policy for more details about how we make money.
Related Resources:
- Do You Want to Invest in the US Stock Market from New Zealand? Our detailed guide explains everything you need to know.
- Do You Want to Compare ETFs with Shares? Our dedicated ETFs vs Shares guide has you covered.
- Looking for an investing platform that offers funds rather than shares? Our reviews of InvestNow and Kernel Wealth have you covered.
Want to compare Hatch with Sharesies with and Stake for US Shares? Visit our comprehensive guide
Other options: Superhero offers US$2 trade fees, and Tiger Brokers offers low FX fees; our Superhero Review and Tiger Brokers Review explain more.
Other options: Superhero offers US$2 trade fees, and Tiger Brokers offers low FX fees; our Superhero Review and Tiger Brokers Review explain more.
An Alternative to Hatch: Tiger Brokers (NZ) is our Favourite Low-Cost Shares Platform in our Editor's Choice Awards:
|
New to Investing? Start Smart with Tiger Brokers
If you're ready to start investing, choosing the right platform makes all the difference. We've reviewed and compared every major app available to New Zealanders, and Tiger Brokers (NZ) consistently delivers the best value. Why Tiger Brokers? Lower Costs = More Money Working for You
Everything You Need in One Place
MoneyHub Reader exclusive benefits:
Real Support When You Need It: Tiger Brokers has a local Auckland team and 24/7 live chat Getting Started is Simple
Ready to start building wealth? Visit Tiger Brokers (NZ) and claim your MoneyHub benefits today. Our view is simple: With all other platforms charging fees (Stake, Hatch, Sharesies, Superhero, etc.) for FX and/or share brokerage/transaction, Tiger Brokers' offer is unmatched in value in New Zealand. MoneyHub's Editor Christopher Walsh says: "Tiger Brokers is aggressively priced for global investors. At a time when some platforms are raising fees or lacking innovation, Tiger Brokers is around half the cost of its nearest competitor for US stock trades. With an Auckland-based team, NZ regulation, and continued innovation (NZX investing launched in 2025, auto-invest, fractional shares, and its own TigerGPT chatbot), it's a standout choice for cost-conscious investors and one that I use for US and Hong Kong share investments for the reasons outlined above". |
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Hatch - Pros & Cons
Pros
Cons
Must-read Hatch-related guides
- You own your own shares: Hatch is the only New Zealand based platform that gives you your own US brokerage account with their partner Drive Wealth. This means you own your shares; Hatch (or another third party) doesn't own them for you.
- Zero subscription fees: Hatch doesn't charge subscriptions fees, which means you get to keep your profits.
- Voting rights on your shares: Because you own your shares with Hatch, you get full shareholder voting rights on any whole shares you own. This means you get to have your say in how the companies you're a shareholder in make future decisions.
- Kids Investment Accounts: Parents and guardians can open a Hatch Kids Investment Account for their children with lower fees than adult accounts, with reduced fees.
- Easy transfer from existing brokerages: You can transfer USD or US shares into Hatch from other investing platforms. You'll need to contact the Hatch support team who can guide you.
- Easy to use interface, with 4,600+ companies and 1,300+ ETFs in the US market.
- Option to buy partial shares, for example 0.65 of one Google share, or 0.40 of one Apple share etc, as well as buy/sell shares in whole dollar amounts. For example, buying $10,000 NZD in Amazon which translates to 2.216 shares.
- US tax obligations are taken care of at source (an annual $0.50 fee per account applies for US tax reporting). An initial one-off $1.50 is charged to complete tax filings.
- Data for NZ tax obligation information for investments are provided by Hatch, allowing customers to complete their income tax return or work with their accountant efficiently. Hatch also offers FIF reports and calculations, which are usually a real pain point for high-value investors. More details can be found here.
- Much lower FX fees and brokerage commissions compared to incumbents Invest Direct and ASB Securities.
- Limit orders: you can buy shares at a set price or set an alert to when the share falls to that level. Hatch lets you enter the exact number of shares you want and the price you want to pay for them (e.g. 5 shares at $50 each). If the market price matches yours or goes lower, your order will be filled.
- Trust accounts: Family trusts can easily add US shares to their investment portfolios.
- You can invest in American Depositary Receipts (ADRs): Hatch allows you to invest in certain foreign companies listed on foregin share markets such as NIO and Alibaba.
- Browse by Megatrends: Browse the companies and ETFs at the forefront of the industries of the future .
- Auto-invest: Choose how much and how often you want to invest.the basics of investing and there's a Hatch investors Facebook group for questions.
- Course: Hatch has created a simple online course covering Hatch has created a Simple Online Course covering the basics of investing and there's a Hatch investors Facebook group for questions.
- Stop-loss orders: Hatch offers stop-loss; if you want to automatically sell shares when the price reaches a certain level (known as a 'target price'), Hatch allows this.
- Support is online and via phone and limited to the hours of Monday to Friday, 9am to 5:30pm, Their FAQs/help centre are thorough and in our experience the live chat and email replies were very responsive.
- Hatch lets you sign up for free and add shares/ETFs to a watchlist to follow their progress until you’re ready to invest.
Cons
- No app - Hatch has stated they will develop one if there is demand, but right now users can still save the website icon to your homescreen which works in a similar way.
- No joint-accounts offered (Hatch has informed MoneyHub that this feature is being scoped).
- No other foreign markets offered (i.e. UK, Germany, Australia) but investors can access ADRs, foreign shares listed on the US share markets.
- Good Faith Violation rules (read the policy here) limits any day-trading or inter-day trading. If you sell one parcel of shares and buy new shares on the same day, you must wait at least 3 working days before selling them due to the cash being 'unsettled'.
- No hedging options - unlike many New Zealand ETF investments available through Sharesies or Simplicity, Hatch does not provide any foreign currency hedging. This means if the NZD goes up against the USD, and all other things being equal, the NZD value of an investment will be less due to the USD being worth less.
Must-read Hatch-related guides
- Want to compare Hatch with InvestNow, Sharesies and other platforms? Read our Comparing Sharesies vs Investnow vs Hatch and more guide.
- Worried about what happens to your investments if Hatch collapses or shut down? Our easy to read custodian guide explains what you need to know.
- Wanting to invest in the US Stock market from New Zealand? Our guide explains everything you need to know.
- Want to learn about ETFs? Our ETFs guide has you covered.
- Want to compare ETFs with shares? Our dedicated ETFs vs Shares guide has you covered.
The Bottom Line
- Hatch offers a tremendous number of options for exposure to US-listed shares and ETFs, unrivalled by any other New Zealand-based platform.
- The platform works best for investing $100s or more at a time, as they include a 0.5% fee in the FX rate to exchange your NZD to USD, and a flat $3 USD an order, to buy or sell up to 300 shares (then it’s $0.01 a share).
- Kids Account pricing at 50c to buy or sell shares allows for smaller investing amounts into their accounts - perfect for gifts or regular weekly/monthly contributions.
- If customers deposit NZD anytime before around 2pm NZT, per our discussions with Hatch, it should be be in their Hatch account as USD available to invest use by 5pm NZT. This means that while it's not instant, in most cases it's available within the same day. This Hatch help centre article has more information.
- There are no custodial fees for investments and you won't pay any account management fees.
- Many New Zealand investment platforms and fund managers limit access to unethical investments - Hatch has no such limitations. They also have a much larger array of funds than accessible locally, to suit investor preferences for anything from robotics to clean energy and the future of food
Hatch offers share price graphs, earning information and a company description for every investment option
Limitations
- FX fees - 0.5% on the interbank rate is lower than banks and often the lower than online currency conversion tools. Hatch has also confirmed they provide discounts for deposits over $100,000. Hatch gives the following example:
- Base exchange rate (Interbank rate): 1 NZD = 0.67 USD
- Hatch rate: 1 NZD = 0.6667 USD (0.67 - (0.67 * 0.005)
- We calculate the FX margin at 0.49% on the transaction above (1-(0.6667/0.67)=0.00492)
Using this example, if you deposited $10,000 the Hatch exchange rate would be 0.6667 resulting in $6,667 USD.
Who is Hatch Suited to?
Must-read Hatch-related guides
- Best For:
- Investors looking for US-listed shares or ETFs not otherwise available to New Zealanders via InvestNow or SmartShares.
- Investors looking to own their shares and have a say in the future of the companies they invest in.
- Investors looking to build long-term wealth - “set-and-forget”. Their fee structure means it’ll only be 3 USD to sell shares means your profits won’t be eaten.
- Not suitable for:
- Passive investors investing less than $100-200 at a time. A $3 USD fee is only the price of a cup of coffee, but investing a little more gives you better bang for those bucks. Hatch offers a simple way to keep fee percentages low by allowing auto-investments into all 3,000+ companies and ETFs. Passive investors can deposit small amounts when it suits, then set a timeframe and amount to invest at regular, automated intervals.
- Day trading - Hatch is not designed for day trading but does allow it.
Must-read Hatch-related guides
- Want to compare Hatch with InvestNow, Sharesies and other platforms? Read our Comparing Sharesies vs Investnow vs Hatch and more guide.
- Worried about what happens to your investments if Hatch collapsed or shut down? Our easy to read custodian guide explains what you need to know.
- Wanting to invest in the US Stock market from New Zealand? Our guide explains everything you need to know.
An Alternative to Hatch: Tiger Brokers (NZ) is our Favourite Low-Cost Shares Platform in our Editor's Choice Awards:
|
New to Investing? Start Smart with Tiger Brokers
If you're ready to start investing, choosing the right platform makes all the difference. We've reviewed and compared every major app available to New Zealanders, and Tiger Brokers (NZ) consistently delivers the best value. Why Tiger Brokers? Lower Costs = More Money Working for You
Everything You Need in One Place
MoneyHub Reader exclusive benefits:
Real Support When You Need It: Tiger Brokers has a local Auckland team and 24/7 live chat Getting Started is Simple
Ready to start building wealth? Visit Tiger Brokers (NZ) and claim your MoneyHub benefits today. Our view is simple: With all other platforms charging fees (Stake, Hatch, Sharesies, Superhero, etc.) for FX and/or share brokerage/transaction, Tiger Brokers' offer is unmatched in value in New Zealand. MoneyHub's Editor Christopher Walsh says: "Tiger Brokers is aggressively priced for global investors. At a time when some platforms are raising fees or lacking innovation, Tiger Brokers is around half the cost of its nearest competitor for US stock trades. With an Auckland-based team, NZ regulation, and continued innovation (NZX investing launched in 2025, auto-invest, fractional shares, and its own TigerGPT chatbot), it's a standout choice for cost-conscious investors and one that I use for US and Hong Kong share investments for the reasons outlined above". |
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Hatch Fees
Hatch charges two fees - a brokerage fee (for the purchase or sale of shares and ETFs) and an exchange rate fee (for converting NZD into USD to fund your account, and from USD to NZD when withdrawing money from your account).
1. Hatch’s brokerage fees are clearly stated:
2. Hatch’s exchange fee is 50 bps or 50 pips.
Must-read Hatch-related guides
1. Hatch’s brokerage fees are clearly stated:
- US$3 an order, to buy or sell up to 300 shares, then it’s $0.01 a share
2. Hatch’s exchange fee is 50 bps or 50 pips.
- If the interbank exchange rate was NZ$1 = US$0.7000, an investor would receive US$0.692 for every dollar they invested. A walkthrough of Hatch fees explains this in detail:
- Investor A wants to buy NZD 1,000 in Walmart shares, priced at USD 100 each. Investor A transfers their NZD to their Hatch account when the interbank NZD:USD exchange rate is 0.70. The investor receives 0.695 USD per NZD (deducting the 50 pips/bps) and receives USD 695.00.
- Investor A then puts an order in for Walmart shares with the available balance. The brokerage fee of USD 3 is charged for the purchase, and Investor A receives 6.9000 Walmart shares (valued at USD 690.00).
- When Investor A wants to sell the shares they will pay another USD 3 for brokerage. The USD value will then sit in Investor A's Hatch balance.
- If and when Investor A wants to convert the USD balance back into NZD (as opposed to re-investing it), there is a fee to do this. If the interbank NZD:USD exchange rate is again 0.70, the investor will have the balance transferred at a rate of 0.705 (adding 50 pips/bps). For a parcel of shares valued at USD 700 this would calculate to be a USD 3.50 fee (USD 700 X 50 bips).
- Hatch investors ultimately benefit from economies of scale - the higher the value of an individual share purchase, the lower the brokerage fees are proportionately on the share parcel.
Must-read Hatch-related guides
- Want to compare Hatch with InvestNow, Sharesies and other platforms? Read our Comparing Sharesies vs Investnow vs Hatch and more guide.
- Other options: Superhero offers US$2 trade fees, and Tiger Brokers offers low FX fees; our Superhero Review and Tiger Brokers Review explain more.
- Worried about what happens to your investments if Hatch collapsed or shut down? Our easy to read custodian guide explains what you need to know.
- Wanting to invest in the US Stock market from New Zealand? Our guide explains everything you need to know.
​​The Specs of Hatch & How it Works
1. Signing Up
2. Depositing Money
- Hatch is open to anyone over 18, residing in New Zealand as a tax resident and holding either a New Zealand passport or driver’s license.
- Hatch also offers Kids Investment Accounts for ages 0-18 which can be opened by a parent or guardian within their own Hatch account.
- Hatch complies with US and New Zealand law by asking for a number of personal details, specifically your employment status, annual earnings, how much you expect to invest, and how frequently you expect to invest.
- Once Hatch verifies your information, your account will be approved (usually immediately) and you can deposit money.
2. Depositing Money
- Hatch only accepts bank transfers - customers deposit New Zealand dollars to a Hatch trust account where they are exchanged into US dollars. No balances are held in NZD. The exchange rates are made clear before you transfer any money - we talk about fees above.
- Hatch exchanges money every business day around 2pm – so if you deposit before 12pm, your money usually hits your Hatch account first thing the following morning – often before the US markets open. If you deposit on a Friday after 3pm, you'll wait until the following Monday for your money to be exchanged.
- Once your Hatch account has received the US dollars, you can start investing.
- Once a withdrawal has been requested, it can take up to four business days for the USD to be converted back to NZD and deposited into your NZ bank account. Normally this process is a lot faster than the indicated four day maximum timeframe.
- Within your Hatch account, any uninvested money is transferred into the Money Market Fund (DARXX), offering a low-risk cash deposit (with an annual pre-tax return of around 0.50%). You can read more about money market funds in Hatch's summary.
3. Buying Shares
4. Future Trading and Keeping Track of Your Portfolio
- The US share markets open between 9:30am - 4pm Eastern Time (1:30am - 8am NZ time in summer and 3:30am - 10am in winter).
- Purchasing shares is straightforward; click on the share or ETF you want to buy, select your order type and quantity and confirm the order. Once the order is processed and you own the shares, brokerage fees are deducted.
- When you place an order, Hatch estimates how many shares you’ll get. If the share price changes before your order is completed, the number of shares you end up with might be different. For this reason having a buffer balance to avoid a rejected purchase if the price and quantity of shares exceeds the money available is a good idea.
- If you place an order for shares when the US markets are closed it will be processed when the market reopens. The closing price today may not be the same as the opening price tomorrow given market factors so you may receive more or less shares than anticipated.
- Hatch offers a Transaction History report which gives you details of every deposit, withdrawal, and order. It also shows you every fee you’ve been charged, including tax reporting fees.
- Hatch works with two partners, DriveWealth (a US-regulated broker-dealer) and World First (an Australian-based currency exchange provider).
4. Future Trading and Keeping Track of Your Portfolio
- When you log in to Hatch, you can view all the shares and ETFs holdings you own, as well as their respective market prices. You can also download monthly account statements.
- You can add shares to a watchlist and follow their progress until you’re ready to invest.
Hatch presents live share price information when the US markets are open
Can I Trust Hatch With My Investments and Money?
- Hatch is 100% owned by FNZ, a high-profile New Zealand Fintech company that operates in 20+ countries. FNZ is backed by high-profile venture capital firms such as Generation Investment Management, CDPQ, Temasek. As a background, FNZ provides the back-end financial infrastructure for many investment platforms such as Vanguard, Barclays, Jarden, Lloyds Bank, AMP, ANZ, and BNZ.
- The other important factor is that despite the pedigree of its underlying owner, the shares you purchase are ultimately held by overseas institutions.
- Moreover, Hatch is not registered as a 'financial product' by the New Zealand Financial Markets Authority due to the fact it only provides access to trading opportunities in the US Share markets. Specifically, Hatch partners with DriveWealth, a broker-dealer regulated by FINRA (the Financial Industry Regulatory Authority), which is similar to the FMA although it is a private corporation (not a government organisation) and acts as a self-regulatory organisation (i.e. federal laws do not govern it).
- Confusing matters slightly, Drivewealth does not hold your securities. Electronic Transaction Clearing, Inc (ETC) custodies your shares. ETC is headquartered in New York City. Hatch is clear in saying you own your shares, but your name does not appear on a share certificate like it would if you purchased shares on the NZX. The certificate will show that the shares are held "in DriveWealth's name for the benefit of the Hatch customer". It may feel different from NZ, but is common practice in the US and is known as “In Street Name”. Unlike the nominee structures provided by other investing platforms, holding your shares In Street Name doesn't diminish your rights as the shareowner. You’re considered a direct owner of your shares, can transfer your full shares to and from Hatch at any time, get shareholder benefits and voting rights.
- In summary, Hatch, nor its parent company FNZ, hold your shares, and investors must be comfortable relying on standard practice in the US of “held in street name”.
The Competition - Hatch vs Stake, Sharesies, Superhero, Tiger Brokers, ASB Securities and Others
Shares alternatives
ETF alternatives
Must-read Hatch-related guides
- The biggest competitor to Hatch is arguably Stake given their full focus on US shares - our Hatch vs Stake guide compares the two platforms in detail.
- Outside of Stake, Sharesies offers US-listed shares and ETFs too. Like Stake, what platform is best will be determined by your investing profile as Hatch tends to favour those making larger-size investments (rather than trading frequently and/or investing small amounts). Our Sharesies vs Hatch vs Stake guide has more details.
- Hatch beats ASB Securities and Invest Direct hands down for US share market purchases, but is not as competitive as international discount brokerage platforms like Interactive Brokers or Tiger Brokers. Superhero launched in New Zealand in May 2023 and offers US$2 trade fees.
- Interactive Brokers - Trading and/or foreign exchange fees are lower than Hatch, Stake or Sharesies, but there is also more regulation around joining. We have covered the platform in detail in our Interactive Brokers guide.
ETF alternatives
- Want to compare Hatch with Stake? Our Hatch vs Stake guide does this in detail.
- There are a number of US and global ETF options available to New Zealand investors without the need to translate NZD into USD. Many also have the benefit of offering currency hedging.
- Other options: Superhero offers US$2 trade fees, and Tiger Brokers offers low FX fees; our Superhero Review and Tiger Brokers Review explain more.
- See Smartshares, Sharesies and InvestNow as examples.
Must-read Hatch-related guides
- Want to compare Hatch with InvestNow, Sharesies and other platforms? Read our Comparing Sharesies vs Investnow vs Hatch and more guide.
- Worried about what happens to your investments if Hatch collapses or shut down? Our easy to read custodian guide explains what you need to know.
- Wanting to invest in the US Stock market from New Zealand? Our guide explains everything you need to know.
- Want to compare ETFs with shares? Our dedicated ETFs vs Shares guide has you covered.
US Shares Trade Fees - Sharesies vs Hatch vs Stake vs Superhero vs Tiger Brokers vs Invest Direct vs ASB Securities
- Our table below reflects the differences between trading platforms when buying US$1,500 shares (for example, around 9-10 Apple shares, or 5 Microsoft shares)
- All fees and costs are in USD
- Some platforms call their brokerage fee a 'transaction' fee or similar, but for the purposes of our comparison, we have kept the column's title consistent.
- We've ranked Superhero second in the table due to its conversion fee. Customers are charged NZ$0.50 for every US$100 converted from USD back to NZD. We believe this neutralises the seemingly higher 0.50% fee charged when converting NZD to USD (e.g. US$0.50 per NZ$100 exchanged) for the purchase of US shares or ETFs.
Investment Platform |
Brokerage fee |
FX fee NZD:USD |
Pass-through fees / Agency fee |
Total Cost |
Minimum $2 per order (flat fee to buy or sell up to 200 shares and USD 0.01 for every additional share after that per transaction) |
0.35% |
$0.003 per share |
$7.25 |
|
$2 |
0.50% (charged in USD) |
nil |
$9.50 |
|
Hatch |
$0.01 per share minimum $3 per order |
0.50% |
nil |
$10.50 |
1.9% up to a cap of $5 |
0.50% |
nil |
$12.50 |
|
$3 |
1.00% |
nil |
$18.00 |
|
0.60% (minimum of US$50 per trade plus agency fee) |
Not disclosed |
0.40% minimum $40 per order |
At least $90.00 |
|
Greater of $69.50 or 0.60% for approved NYSE and NASDAQ Listed Securities
|
Up to 1.50% (the current margin applied is 0.89% as at 5 May 2023 per their guidance) |
nil |
$82.85 |
An Alternative to Hatch: Tiger Brokers (NZ) is our Favourite Low-Cost Shares Platform in our Editor's Choice Awards:
|
New to Investing? Start Smart with Tiger Brokers
If you're ready to start investing, choosing the right platform makes all the difference. We've reviewed and compared every major app available to New Zealanders, and Tiger Brokers (NZ) consistently delivers the best value. Why Tiger Brokers? Lower Costs = More Money Working for You
Everything You Need in One Place
MoneyHub Reader exclusive benefits:
Real Support When You Need It: Tiger Brokers has a local Auckland team and 24/7 live chat Getting Started is Simple
Ready to start building wealth? Visit Tiger Brokers (NZ) and claim your MoneyHub benefits today. Our view is simple: With all other platforms charging fees (Stake, Hatch, Sharesies, Superhero, etc.) for FX and/or share brokerage/transaction, Tiger Brokers' offer is unmatched in value in New Zealand. MoneyHub's Editor Christopher Walsh says: "Tiger Brokers is aggressively priced for global investors. At a time when some platforms are raising fees or lacking innovation, Tiger Brokers is around half the cost of its nearest competitor for US stock trades. With an Auckland-based team, NZ regulation, and continued innovation (NZX investing launched in 2025, auto-invest, fractional shares, and its own TigerGPT chatbot), it's a standout choice for cost-conscious investors and one that I use for US and Hong Kong share investments for the reasons outlined above". |
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5 Things to Know About Hatch
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Hatch doesn’t provide any investment advice or investment informationHatch is a financial platform and does not offer anything further than general guidance on tax and trading basics on its website. Hatch is not a financial adviser either.
Hatch makes this clear on their website: "Hatch customers are prepared to do the research and take charge of their own financial education. They’re keen to learn as they go to be able to make better investment decisions themselves. They’re going to have to, because we’re not providing advice. Not one bit of it". |
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You WILL be paid interest on uninvested USD balancesHatch has picked the Federated Investors Money Market Fund for its overnight sweeping, meaning funds not invested will earn interest in a low-risk cash deposit. Recent returns have averaged 1.50%+ in recent years, but the drop in interest rates in 2020 calculate that the current interest rate is around 0.48% p.a. You can calculate the latest interest rate by deducting the 'Expense Ratio' (costs of running the fund) from the 'Dividend Indicated Gross Yield' (i.e. the gross interest earnings). The fund is rated AAA by Standard & Poor's, Moody's and Fitch. The interest rate is vastly superior than that offered by ASB Securities and Stake, which is 0% for all uninvested funds.
You can read more about money market funds in Hatch's summary. |
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Dividends get paid back into your Hatch USD accountIf you've received an overseas dividend, it will be paid into your USD account. You can then decide to reinvest the sum or withdraw it into NZD.
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Hatch groups companies by a number of metrics to help with investment choices
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Share and ETF sales do NOT convert back into NZD once soldAs is the case with most investment platforms. selling investments does not trigger an automated conversion of the USD balance into NZD. This means investors can reinvest the balance or wait until the exchange rate is more favourable to make the conversion into NZD.
Know this: Unsettled Funds
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FNZ is committed to the success of HatchHatch is 100% owned by FNZ, a high-profile New Zealand Fintech company that operates in 20+ countries. FNZ is backed by high-profile venture capital firms such as Generation Investment Management, CDPQ, Temasek. As a background, FNZ provides the back-end financial infrastructure for many investment platforms such as Vanguard, Barclays, Jarden, Lloyds Bank, AMP, ANZ, and BNZ.
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Must-Read Hatch-related guides
Do you have an experience with Hatch you would like to share with our users? Email our research team who would be delighted to hear from you.
- Want to compare Hatch with Stake? Our Hatch vs Stake guide does this in detail.
- Want to compare Hatch with InvestNow, Sharesies and other platforms? Read our Comparing Sharesies vs Investnow vs Hatch and more guide.
- Other options: Superhero offers US$2 trade fees, and Tiger Brokers offers low FX fees; our Superhero Review and Tiger Brokers Review explain more.
- Worried about what happens to your investments if Hatch collapsed or shut down? Our easy to read custodian guide explains what you need to know.
- Wanting to invest in the US Stock market from New Zealand? Our guide explains everything you need to know.
- Want to learn about ETFs? Our ETFs guide has you covered.
- Want to compare ETFs with shares? Our dedicated ETFs vs Shares guide has you covered.
- Want to transfer shares to Hatch? Our share portfolio transfer guide explains what you need to know.
- Looking for an investing platform that offers funds rather than shares? Our reviews of InvestNow and Kernel Wealth have you covered.
Do you have an experience with Hatch you would like to share with our users? Email our research team who would be delighted to hear from you.
