What happens to my money when I redeem my SRS portfolio? (SG)
Updated
After you have made a redemption order in your Endowus account, you should expect to receive the redemption proceeds in your SRS account in approximately 5-7 business days, on a best-effort basis on a valid business day.
How do redemptions work?
If you confirm your redemption order before 8:30 AM on a business day, we will endeavour to send your order to UOB Kay Hian, our partner broker, for execution within the same day (T). If your order is confirmed after the cut-off time, it will generally be sent to UOB Kay Hian the following business day. Please refer here for more information about the redemption timeline.
Are there any redemption fees or penalties?
Endowus does not charge any transaction fees or penalties for redemptions.