facebookHow much is the difference in agent bank fees using UOB vs other banks like DBS for CPF investing via Endowus,? - Seedly

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Anonymous

22 Mar 2021

CPF

How much is the difference in agent bank fees using UOB vs other banks like DBS for CPF investing via Endowus,?

Quote "UOB Kay Hian as the partner broker is that it is a CPF Investment Scheme (CPFIS) included Investment Administrator (IA), and we will be charged lower Agent Bank fees as compared to investing via a non-IA."

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Endowus

22 Mar 2021

Hi Anon,

It really depends if your bank RM or financial advisor is using an Investment Administrator when they provide their investment services, and also how many funds you are investing in. You should directly approach them on the fees involved.

Our agent bank charges ranges from $2/$2.50 per transaction, on a portfolio basis, as well as $2/$2.50 per quarter on a portfolio basis. You can read more about our fees here.

Without the Investment administrator, you can be paying $2/$2.50 per counter, and per 1000 units for each transaction. You can read more here from DBS

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