You can transfer funds between goals on a one-time or recurring basis through our “Transfer Between Goals” feature.
Please note:
- Transfers are only available between goals of the same currency and funding source (i.e. SGD Cash > SGD Cash, or SRS > SRS).
- You can set up one-time or recurring (weekly, bi-weekly, or monthly) transfers between goals.
- For Accredited Investors: It is not possible to make inter-goal transfers involving semi-liquid funds. However, you can do so for liquid alternative investments, including the Core Enhanced and Income Enhanced portfolios.
For more information: How do inter-goal transfers work?
Table of Contents
How do I transfer funds between goals?
- Step 1: To transfer from an existing goal to a new goal, please create a new goal first. Otherwise, proceed to Step 2.
- If you want the initial investment for the new goal to be funded by funds in an existing goal, please select "Invest later" on the confirmation page.
- If you select "Invest now", upon goal confirmation, a new investment order will be created.
- Step 2: Log in to your Endowus account
- Step 3: Go to “Invest | Redeem | Transfer” (or “Transfers” on the Endowus app).
- Step 4: Select “Transfer between goals”.
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Step 5: Select the source goal, funding source, and recipient goal.
- To set up a recurring schedule to transfer between goals, please fill in the “Recurring” field and indicate your preferred frequency.
- Step 6: Continue until you reach the Confirmation page and confirm via OTP. Upon confirmation via OTP, the inter-goal transfer process will be initiated immediately.
Why is the minimum amount higher than usual?
To ensure that your transfer is processed successfully even during market volatility, we have introduced a protective buffer on the minimum transfer amount for General Wealth Accumulation source goals.
As such, you may notice that the minimum amount for certain inter-goal transfers is slightly higher than the usual subsequent investment minimum amount (e.g., $110 for inter-goal transfers vs. $100 for regular subsequent investments).
This buffer applies only to transfers from General Wealth Accumulation source goals, and not transfers from Cash Management source goals.