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Fees & Payment

Comprehensive

No, as work has been carried out to provide the service. Nonetheless, your feedback is important to us. If you are dissatisfied with our service, we will certainly appreciate your time to let us know how we can improve our service.

Comprehensive

It depends. Please refer to the respective FAQs for more information.

Insurance

There is no additional fee for insurance implementation. On the contrary, for every eligible insurance policy you purchase with MoneyOwl, we will rebate you, up to 50% of the first-year basic commission, except the following:

  • Integrated Shield Plans
  • ElderShield Supplements
  • Plans using CPF monies

It helps to lower your cost of insurance.

Investment

We do not charge any upfront sales charge (typically 1% to 2% in the industry) for investing into MoneyOwl’s investment portfolio.

Refer to https://www.moneyowl.com.sg/pricing/ for more details.

Will Writing

MoneyOwl’s will writing service is valued at $160.50 (including GST) per user. For a limited period of time, we are offering it for free.

Comprehensive

1. Payment via PayNow (Scan QR code)

Pay by scanning or saving this QR Code to your bank’s PayNow option

IMPORTANT! You MUST indicate your Registered Mobile Number as Payment Description in the “Remarks / Descriptions / Comments” to ensure that you receive your report. Please email clientsupport@moneyowl.com.sg if you have not done so.

2. Payment via PayNow (Apply transfer details below)

Pay by entering transfer details to your bank’s PayNow option

IMPORTANT! You MUST indicate your Registered Mobile Number as Payment Description in the “Remarks / Descriptions / Comments” to ensure that you receive your report. Please email clientsupport@moneyowl.com.sg if you have not done so.

Unique Entity Number (UEN): 201820691C

Entity Name: MONEYOWL PRIVATE LIMITED

3. Payment via Bank Transfer

Pay by entering transfer details to your bank’s transfer option

IMPORTANT! You MUST indicate your Registered Mobile Number as Payment Description in the “Remarks / Descriptions / Comments” to ensure that you receive your report. Please email clientsupport@moneyowl.com.sg if you have not done so.

Recipient’s Name: MoneyOwl Pte Ltd

Bank Name: DBS Bank Limited

Bank Account No.: 072-001715-3

Comprehensive

We believe in providing you with independent, conflict-free financial advice that is founded on sound financial planning philosophy coupled with fit-for-purpose solutions. These services require your client adviser to spend sufficient time to understand your financial situation, go through the report with you face to face and help you to prioritise between your goals, amongst others.

A fee-based model, whilst uncommon in Singapore, is not unique to the rest of the world. In the US and Australia, financial planning services are offered mostly on fee-based model as it has been proven to provide best value to its clients since financial advisers are remunerated based on their professionalism and quality of work done for you, and not by the products you procure from them. This assures you that your client adviser is always on the lookout for your best interest.