facebookHello All, do you know which bank will the Prudential CPF investment be returned back to? I heard that I need to inform the bank to return the money back to my CPF OA so I can use it for my BTO? - Seedly

          Advertisement

          Mango Lin

          Mango Lin

          Level 3

          30 Jul 2019

          CPF

          Hello All, do you know which bank will the Prudential CPF investment be returned back to? I heard that I need to inform the bank to return the money back to my CPF OA so I can use it for my BTO?

          Hello All, do you know which bank will the Prudential CPF investment be returned back to? I heard that I need to inform the bank to return the money back to my CPF OA so I can use it for my BTO?

          5

              Discussion (5)

              What are your thoughts?

              Elijah Lee

              Elijah Lee

              30 Jul 2019

              Level 18·Independent Financial Advisor at Phillip Securities (Jurong East)

              Funds will be returned to the bank that you opened your CPF investment account with. It will be a local bank. The bank will hold it for a period of time (3-4 weeks) before transferring it to CPF. Hence if you need the liquidated funds to be moved to CPF fast, you need to give specific instruction to them to move it.

              Reply

              Save

                  View 3 replies

                  Vincent Tan Wen Bin

                  Vincent Tan Wen Bin

                  17 Jun 2019

                  Level 7·Assistant Vice President at Thinkers Alliance

                  Assuming you purchase this Prudential investment using your CPFIA,

                  Once the investment is redeemded, it will be refunded back to your CPFIA.
                  You will need to go to the bank to request for a refund from your CPFIA back to your CPF OA account.

                  Reply

                  Save

                      Write your thoughts

                      Advertisement