How does it work?
Part 1 - redemption: We will redeem your investment in the source goal.
Part 2 - investment: Once the redemption is completed and UOB Kay Hian (our partner custodian) receives the money from the redemption, they will re-invest the money into the recipient goal to get your portfolio to its target asset allocation.
Example of how Transfer between Goals work:
It will take approximately 7-10 business days to fully transfer your monies from one investment goal to another investment goal.
Can you cancel your request to transfer monies between goals?
No. Once you have initiated the transfer, we will proceed to redeem your investment units in the Funds of the selected source goal and you are unable to cancel the transfer.
What is the minimum transaction amount to perform a Transfer Between Goals?
The minimum amount for each transaction is $100.
Can I set up a recurring Transfer between Goals?
Yes, you can transfer your monies from one investment goal to another investment goal on a monthly basis. Please select Frequency > Recurring > Day of month on the Transfer between goals page.
Note that if there is insufficient investment value in your source goal, the transfer will be rejected for that month.
Are there any additional fees to transfer monies between goals?
No. This value-added feature is included in your Endowus fee.