facebookI’ve been investing on Nikko AM STI ETF on POSB invest saver for a few months now. I want to take a break. How to stop automatic deduction every 15th of the month? - Seedly

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Anonymous

18 Apr 2019

General Investing

I’ve been investing on Nikko AM STI ETF on POSB invest saver for a few months now. I want to take a break. How to stop automatic deduction every 15th of the month?

Discussion (2)

What are your thoughts?

Kenneth Lou

Kenneth Lou

03 Oct 2018

Level 14·Co-founder at Seedly

Hello... If I'm not wrong you can simply go into the iBanking to stop the deduction under the 'invest' section.

Should be really straight forward? :) However, maybe you would consider to reduce it to the minimum of $100 per month? To continue to dollar cost average over this period. Something to think about! Up to you :)

HC Tang

HC Tang

03 Oct 2018

Level 13·Financial Enthusiast, Budgeting at The Society

As kenneth shared, go iBanking via desktop to either:

1) reduce , lowest at $100

or

2) have to cancel the whole monthly RSP.

if your POSB Cashback Bonus Saver or DBS Multiplier depends on this as the transaction ( valid as the 3rd transaction for 12 month only), then you can cancel and don't subscribe for 6 months then resubscribe again.

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