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Investment and Savings
The different fees imposed by the CPF Agent Bank are as shown below:
CPF Agent Bank | 1Transaction Fees (Buy/Sell) | 2Quarterly Service Charge | For failed trade due to insufficient funds |
---|---|---|---|
DBS | $2.50 | $2.00 | $5.00 |
OCBC | $2.50 | $2.00 | $5.00 |
UOB | $2.00 | $2.00 | $5.00 |
Please note that fees are GST applicable, and subject to change by the respective Agent Banks.
1The fees are charged on a client level basis. For example, if you have 2 CPF buy orders on the same T-day, the agent bank transaction fee will be $2 + GST (Assuming UOB).
2This is charged on a client level basis. For example, if you have 3 CPF portfolios, the quarterly service charge will be $2+GST.
Investment and Savings
Please refer to https://www.moneyowl.com.sg/pricing/
Investment and Savings
Please contact clientsupport@moneyowl.com.sg for assistance.
Investment and Savings
In the event of death of the account holder, the following documents will have to be provided to us by the administrator or executor.
Deceased has no will
Deceased has a will
These documents will be submitted to our custodian and the deceased personal investment account will turn into the estate account of the deceased.
Our custodian will then take the instruction of the administrator or the executor. The proceeds from the estate account of the deceased can only be redeem into the estate bank account. Alternatively, the administrator or executor can choose to create their own personal investment account and transfer the estate investment account holdings into the new investment account.
Investment and Savings
On fund holidays, Dimensional and/or Fullerton Funds will not be priced. Transactions on a non-valuation day will be processed the following business day. For a full list of dates please see Dimensional Fund Holidays 2023, Fullerton Fund Holidays and Dividend Schedule 2023, CPF Portfolios Fund Holidays 2023.
Investment and Savings
As with most unit trusts, buy and sell orders for the funds making up the portfolio are transacted at end-of-day prices. The exact price at which you will transact is therefore not known at the point of your placing an order. The price of the fund that you see on screen is from the previous one or two business days before, depending on the fund, not the actual price at which you will transact. The actual price at which you will transact will only be known one or two business days later.
For example
You redeem $100 of the portfolio (T day). The indicative price of one of the portfolio’s underlying funds, Fund A, is $1 on T day. Based on this indicative price, you will redeem $100 / $1 = 100 units. The actual price of the fund at the end of T day is $1.01. This price is only reflected on T+1 day. You will transact at $1.01 and your redemption proceeds will be $1.01 x 100 = $101.
Investment and Savings
Our Client Advisers are ready to assist you. Ask us over LiveChat, give us a call at 6329 9188 for all enquiries between Mondays-Fridays (excluding public holidays), 9am-6pm or send us an email at enquiries@moneyowl.com.sg.
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