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?

HC Tang

HC Tang

03 Oct 2018

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.

Kenneth Lou

Kenneth Lou

03 Oct 2018

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 :)

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