Personal finance · AU
How hard is it to cancel Raiz Invest?
Raiz Invest scores 77/100 (grade B) for how clearly it documents cancellation in the AU — a clearly documented cancellation policy. Cancellation is available via online (self-serve), email.
Raiz charges a monthly maintenance/subscription fee by plan (Lite $2.50, Regular from $5.50, Plus from $6.50; balance-based 0.275% p.a. above thresholds). Accounts are closed in-app via My Settings > Support > Close account; deleting the app does not cancel the account. There are no withdrawal fees or penalties, and no monthly fee is charged at a $0/sub-$1 balance, so users can effectively stop fees by emptying the balance. Pending transactions complete before closure; tax statements remain accessible after closing. No explicit notice period or pro-rata refund is documented. Data-deletion and privacy requests go to [email protected].
How to cancel Raiz Invest
- Channels: online (self-serve), email
- Official cancellation page: https://raizinvest.com.au/support
- Pause/freeze: not offered. No documented subscription pause; user can withdraw to a $0 balance to stop monthly fees, but the account is closed via Support, not paused.
- Refund policy: https://raizinvest.com.au/fees
- Account/data deletion: Account closed in-app via My Settings > Support > Close account. Privacy Policy states Raiz retains personal data only as long as needed for legal/business purposes and will then remove or de-identify it; deletion/privacy requests to [email protected] (Compliance Officer). https://raizinvest.com.au/privacy
Evidence
- Raiz Customer Support — Contact Us (accessed 2026-06-16)
- Raiz Terms & Conditions (accessed 2026-06-16)
- Raiz Fees (accessed 2026-06-16)
- Raiz Privacy Policy (accessed 2026-06-16)
- Last reviewed 2026-06-16 · scope: documented public policy.
Scope & fairness
This is the Documented-Policy tier: it measures how clearly the cancellation policy is published (cited, dated facts), not the behavioural experience of cancelling (Verified-Flow audit pending). Every company is scored on the same five dimensions with the same published weights — scores cannot be bought or removed. It is opinion grounded in disclosed facts, and not legal advice.
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Cite this. Cancel Atlas (2026). “Raiz Invest — Cancellation Friction Index (AU).” CES-1.1. https://www.cancelatlas.com/c/raiz (CC BY-SA 4.0).
See Raiz Invest in the full index -> · How we score · Open data
Earned it? Show your grade
Raiz Invest grades B — among the clearest cancellation policies we've scored. Put the badge on your site; it links back here and always reflects your current, cited grade.
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