How to Cash Out a Tiger AUD Cash Voucher – 澳洲投资笔记 / AU Investing Notes

How a Tiger cash voucher works

Tiger's current help page says a cash voucher is used to offset an eligible order. The voucher is effectively applied to the filled order and the corresponding rebate is then credited back to the Tiger account. For ordinary orders, the order must be fully filled before the voucher is successfully used.

Use the full voucher value: Tiger states that if the order amount is at least the voucher's face value, the rebate can equal the full voucher value. If the order amount is smaller, the rebate is limited to the order amount.

Practical cash-out flow

1
Check and activate the voucherOpen Tiger's Reward Center, confirm the voucher value, activation conditions and expiry date, and activate it before it expires if activation is required.
2
Choose an eligible orderOn supported Tiger Trade versions, a matching cash voucher can be selected on the order page. Tiger may automatically select an eligible voucher, so review the order before submitting it.
3
Keep the order close to the voucher valueIf you are only trying to use the voucher rather than make a larger investment, an eligible fractional US share or ETF can make it easier to place a small order by dollar amount. Availability depends on the instrument and Tiger's current fractional-share rules.
4
Let the order fill completelyFor an ordinary order, Tiger says the order must be fully filled. Once the voucher is used, the cash-voucher help page says the rebate is normally credited to the Tiger account shortly after the fill.
5
Sell the position if you do not want to keep itYou can close the position after purchase, but the sale price may be higher or lower than your purchase price. Trading fees, third-party charges and spreads can also reduce the amount you end up with.
6
Check the reward withdrawal restrictionTiger's current cash-voucher help page states that proceeds generated from rewards can only be withdrawn after you have completed 10 fully filled orders since account opening. It also says filled orders below USD 3 (or equivalent) and currency-exchange orders do not count.
7
Withdraw available cashAfter any applicable trading settlement and Tiger withdrawal restrictions are satisfied, withdraw the available cash to your eligible linked bank account under Tiger's normal withdrawal process.

Why fractional shares can help

Tiger currently supports fractional trading on selected US stocks and ETFs. Ordering by dollar amount can help keep a voucher-use trade closer to the voucher's face value instead of buying a full share that costs much more. This is a transaction-size technique, not a recommendation to buy any particular stock or ETF.

Costs and risks to remember

The share or ETF price can move between your buy and sell orders, so the final cash amount can be lower than the voucher face value.
Brokerage promotions do not necessarily remove third-party fees, market fees or FX spreads.
A cash voucher may have its own activation, expiry, market, product or order-type restrictions.
Do not place repeated trades only to satisfy a withdrawal condition without considering fees, spread and market risk.

Official Tiger references

Because app versions, product eligibility and reward rules can change, use those official pages to confirm the current mechanics before trading.