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? - Seedly

Investments

Asked by Anonymous

Asked on 02 Oct 2018

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?

0

Answers (2)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent

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.

0 comments

1
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Answered on 03 Oct 2018

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 :)

0 comments

1