Quick withdrawal and internal transfer allow you to either withdraw funds to your bank account or transfer funds from your Cash+ portfolio to other Syfe portfolios with minimal processing time.
Under normal circumstances, withdrawals and internal transfers between portfolios take 2-4 business days to complete. However, with quick withdrawal and internal transfer, you may expect your request to be completed within the same or next business day.
Kindly note that you can only request a quick withdrawal or internal transfer from a Syfe Cash+ portfolio.
How long does it take for my quick withdrawal or internal transfer to be completed?
If you placed the quick withdrawal or internal transfer request before 11 am on a business day, you will receive your funds within the same business day by 7 pm.
If the request is placed after 11 am, you will receive your funds by 7pm on the next business day.
Kindly note that weekends and public holidays are not considered business days.
You may still submit a quick withdrawal or internal transfer request on a weekend or public holiday. However, please note that the request will be processed and completed on the next business day.
Is there a limit for quick withdrawal / internal transfer?
Yes, you may place a quick withdrawal / internal transfer up to 90% of portfolio value or SGD 10,000, whichever is lower.
If your total portfolio value is less than SGD 10,000, all partial withdrawals and internal transfers will be processed as quick withdrawals and internal transfers.
Should you choose to withdraw more than this limit, your withdrawal or internal transfer request will be processed within the usual 2-4 business days timeframe.