Skip to main content
All CollectionsHealth Extras and Pet Extras Accounts
What the features and key benefits of a Health or Pet Extras account?
What the features and key benefits of a Health or Pet Extras account?

You will have the key to the ExtrasJar revolution

Reece Frazier avatar
Written by Reece Frazier
Updated over a week ago

An ExtrasJar Extras Account is an easy way to save to pay for authorised transactions using your ExtrasJar Card. The Fund is a unit trust and a managed investment scheme registered with the Australian Securities and Investments Commission under the Corporations Act. When you deposit funds into your ExtrasJar Extras Account, those funds are automatically applied to the purchase of Units. This purchase money is then pooled together with other Unit holders' money and invested as described in section 5

The significant features of the Units include:

  • ExtrasJar MasterCard®: Investing in the Units gives you access to a digital ExtrasJar Card allowing you to access up to 90% of your total balance in a day to pay for authorised transactions at the point of sale. The Card T&Cs are available at www.extrasjar.com/important-documents

  • Exposure to a selection of ETFs: The "Extras" class of units aims to gain exposure to a selection of Exchange Traded Funds (ETFs). The selection of ETFs are subject to eligibility and accessibility assessments. The "Extras" class of units is generally rebalanced on a quarterly basis. During a quarter, investment weightings may fluctuate due to changes in the value of the ETFs. We maintain the ability to invest in more or less than the target number of 7 ETFs.

The key benefits of the Units include:

  • Regular savings for authorised transactions: ExtrasJar believes regular investments help grow savings which can be used to help manage the costs of your health or pet extras (as applicable). You can contribute to your ExtrasJar Extras Account frequently by setting automatic recurring deposits or by one-off contributions.

  • Withdrawal at any time: You can request a withdrawal of all or part of your investment from your ExtrasJar Extras Account, at any time. We will dispose of sufficient investments in Units to pay the withdrawal proceeds in cash generally within ten Business Days. There are no fees or penalties for cash withdrawals. Some withdrawal requests may be subject to rounding and market risk.

  • Simple, transparent fees: A simple fee, charging a funds management fee, a monthly platform and ExtrasJar Card fee and a Fund expense fee. Refer to section 6 of the Product Disclosure Statement for further details.

  • Low barriers to get started: Competitive fees with a minimum investment of only $10.

  • Discounts with our partners: You will gain access to discounts with our partners.

ExtrasJar says goodbye to all problems with extras to give our fellow Aussies a new approach to managing your health.

Haven’t joined the revolution yet? Do not miss out!

Did this answer your question?