Summary: This guide shows Australian investors the most secure and affordable way to buy shares with St. George Bank. We recommend avoiding the St.George Bank investing feature DirectShares as it charges extremely high fees.
The best way to buy stocks with St. George Bank is to go through the brokerage platform, eToro. On eToro users can invest in over 8,000 assets including stocks, ETFs, indices, currencies and more.
Can I buy Shares on St. George bank?
St. George Bank offers a share-investing feature directly on its platform called DirectShares where users have access to stocks on the ASX and 11 other international markets. However, the fees to buy stocks on St. George are significantly higher than most brokerage platforms at a high 0.11% fee.
In addition to high fees, it doesn’t offer as many stocks as a traditional share brokerage platform. That’s why we suggest using the eToro platform, it offers investment opportunities in 6 different asset classes, 0% commissions on stocks and doesn’t have a minimum buy order like St. George ($500AUD). eToro holds an AFSL #491139 issued by the Australian Securities and Investments Commission.
How to Buy Shares with St. George in Australia
In this guide, we show Australian investors how to buy stocks with St. George Bank. eToro supports AUD deposit methods via Bank Transfer, Credit/Debit Card, Skrill, Neteller & PayPal. Follow the below steps to get started.
- Sign up to eToro and complete the onboarding process.
- Click ‘Deposit Funds’, choose your preferred method and deposit AUD.
- Search for the stock you want to purchase and tap ‘Trade’.
- Enter the amount you want to invest and select ‘Set Order’.
What are the fees when buying stocks?
The fees will vary depending on what stock investing platform you use. Some exchanges will charge a monthly, admin, ticketing, FX, deposit and brokerage fee just to buy stocks. However, eToro does not charge any of the above-mentioned fees.
On eToro, there are practically no fees to buy stocks with zero deposit fees and brokerage-free trading on stocks. For a full breakdown of eToro's fees, you can refer to the eToro Fees Schedule.
About St. George Bank
St. George Bank is one of Australia's leading banks with a long history in Australia, dating back to 1837 when it was founded as the Sydney Savings Bank. Since then, St. George has grown to become a major force in the Australian banking industry. Today, it has over 3 million customers across Australia.
The bank has a network of over 400 branches and 1,700 ATMs across the country, and a team of more than 8,000 employees.