Syfe only charges a single flat management fee based on the total amount you invested, which is calculated on a per-day basis and deducted at the end of every calendar month. So, you only pay for the days Syfe manages your funds.
There are no fees for withdrawing, adding, or transferring funds between your portfolios. You may visit the following link to learn more about our pricing tiers: How does Syfe pricing tiers work?
With that said, you are free to place a withdrawal request from any of your portfolios whenever you want.
Please note that Telegraphic / MEPS transfers will be used for withdrawals above SGD 200,000 or to an overseas bank. Both the remitting and/or beneficiary banks may charge fees at their discretion which will be borne by you. To avoid additional bank charges, customers may choose to withdraw in amounts of SGD 200,000 or less at a time.
If you are withdrawing to a Singaporean bank account, we would recommend choosing SGD to avoid any foreign exchange charges from your bank.
For USD withdrawals, USD transfers between Singapore banks may incur bank charges to be borne by you. These charges are at the full discretion of the banks and Syfe will not be able to advise the exact final amount prior to the actual transfer. Based on past instances, our estimate is each transfer is subject to at least US$50.
Withdrawing funds into an overseas bank may also incur forex charges for currency conversion if your bank account’s currency and the currency you selected are different.
You may also refer to the following FAQ regarding charges and deductions: If I submit a ‘full withdrawal’ request, then will I get the full amount currently displayed in my portfolio?