Anonymous
Or what is this bank charge for? Does it mean if I state DCA monthly, the bank will charge me for transfer from CPF to Endowus? Does it then mean it is better to lump sum? Is this same for SRS? And any other fee?
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(3) Agent Bank Charges: These are charges levied by your respective Agent Bank of your CPF Investment Account (DBS, UOB, OCBC).
You will incur $2 - $2.50 per transaction (buy/sell) for CPFIS whereas there is no agent bank fee for SRS investment. Hence, you will have to rationalise the amount to invest per transaction and its frequency.
It is not ideal to invest a small sum regularly since the fees will stack up.
https://endowus.com/support/360000668054-how-mu...