Everything you need to read and agree to before joining Hatch
 

Hatch Terms and Privacy

Hatch is a platform that gives you access to world class investment options. The platform is powered by Kiwi Wealth. These are the things you should know before you start using Hatch.

Hatch Terms


Our US partner, DriveWealth

DriveWealth is a U.S registered Broker and carries the U.S brokerage account you will access through Hatch.


DriveWealth Customer Account Agreement

This agreement covers all accounts DriveWealth offers (not just the Hatch version). Some of the key clauses for Hatch are:

  • DriveWealth will independently verify your details to comply with US law

  • DriveWealth may provide certain services to you with or through affiliates

  • It may not be possible to cancel orders once you have placed them

  • DriveWealth may remove the ability to buy shares in certain companies and ETFs. You will still be able to sell shares you already own

  • It is your responsibility to keep your contact details up to date.

Customer Account Agreement

Note: Because the Customer Account Agreement applies to ALL DriveWealth accounts, some of the clauses may not apply to your Hatch account. To avoid confusion we’ve listed the clauses that may not apply.

Clauses that may not apply:

Clause 6: Transfer of Securities and Other Assets into Account.
Only applicable if you already have a US brokerage and transfer your shares into your Hatch account

Clause 9: Rule 144 or 145(d) Restricted or Control Securities.
Only applicable if you already have a US brokerage and transfer your shares into your Hatch account

Clause 25: Deposits on Cash Transactions.
DriveWealth may consider this necessary for any reason, but it generally only applies to Margin accounts, which are not available through Hatch.

These clauses don’t apply:

Clause 29: “Long” Sales; Authorization to Purchase or Borrow Securities.
Only applies to account types that are not available through Hatch.

Clause 43: Joint Account (Applicable to Joint Accounts Only).
Only applies to account types that are not available through Hatch.


Any money in your account that isn’t invested will be swept into a Money Market Fund

The fund is compulsory under DriveWealth’s Cash Management program. The Disclosure Statement includes important information about the money market fund, as does the prospectus for the fund. It’s important you read both of these before agreeing to open an account with DriveWealth. You should know:

  • It is possible to lose money invested in a money market fund

  • You may receive a monthly dividend, which will show up in your transaction report

Disclosure Statement

Sweep Programme Prospectus


DriveWealth’s Privacy Policy

DriveWealth uses your personal information to provide brokerage services to you. By opening an account with DriveWealth, you consent to them using your personal information in accordance with their privacy policy.

DriveWealth’s privacy policy