Advertisement
Anonymous
I'm still quite new to Robo-Advisors and would like to know if there are any tax reductions or processing fees incurred when I withdraw my money out. Anybody with any experiences to share?
1
Discussion (1)
Related Articles
Related Products
4.7
1294 Reviews
StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)
Cash Management
INSTRUMENTS
None
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
3.5%
EXPECTED ANNUAL RETURN
Mobile App
PLATFORMS
4.7
657 Reviews
4.6
934 Reviews
Advertisement
As per Stashaway FAQs:
"Do you charge a fee if I withdraw funds from my StashAway account?
Nope! It’s your money, and you should be able to access it easily. StashAway will never charge you if you want to withdraw money from your account. However, if you are withdrawing your money to an international account outside of Singapore, your bank may charge you conversion fees. Additionally, your bank may also charge you a fee for receiving overseas telegraphic transfers - this fee varies from bank to bank and will be automatically deducted by your bank from the received amount."
Hope this helps!