- How to transfer between goals
- How do transfers work?
- Can you cancel your request to transfer between goals?
- What is the minimum transaction amount for an inter-goal transfer?
- Recurring transfer between goals
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Additional fees for transfers?
How to transfer between goals
How do transfers work?
Part 1 – Redemption: We will redeem your investment in the source goal.
- Please note that the redemption is a unit-based redemption. The final amount from the proceeds of the redemption may differ slightly from your input amount. Our system will calculate the number of units to redeem based on the latest available Net Asset Value (NAV), or 'trading price', at the time of the transfer request.
- Example: Inter-goal transfer of $1,000 from Goal A to Goal B. This entails a redemption of $1,000 from Goal A; due to the redemption being unit-based, the final amount from proceeds may be $995, which will then be invested into Goal B.
Part 2 – Investment: Once the redemption is completed and UOB Kay Hian (our partner custodian) receives the redemption proceeds, they will reinvest the proceeds into the recipient goal to get your portfolio to its target asset allocation.
It will take approximately 7-10 business days for a transfer between goals to settle.
Can you cancel your request to transfer between goals?
No. Once you have initiated the transfer, we will proceed to redeem from the selected source goal, and are unable to cancel the transfer.
What is the minimum transaction amount for an inter-goal transfer?
The minimum amount for each transaction is $100.
Can I set up a recurring transfer between goals?
Yes, you can set up recurring inter-goal transfers on a weekly, biweekly, or monthly basis. Please select Frequency on the Transfer Between Goals page.
Note: 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 between goals?
No. This value-added feature is included in your Endowus fee.