$Fullerton SGD Cash Fund (SG9999005961.MF)$ made a redemptio...
$Fullerton SGD Cash Fund (SG9999005961.MF)$ made a redemption today before 12pm, funds made available to me 3 days later!! 😳 what am I missing here? i thought it’s instant redemption…
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10664788 : yes
BeeTang OP 10664788 : What a joke. Another sham on top of the referral blindside..
witty Llama_cin : You buy and sell on the stock market also need 3 days to receive the money![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
BeeTang OP witty Llama_cin : Then don’t state it’s instant! Even local brokers’ money market fund are immediate, as far as I can recall..
Falie : As I know, u can indeed buy stocks immediately after redemption. It just takes t+3 to recieve the money.
Falie : So if you just want to buy stocks , there is no need to wait for the money to arrive，have a try![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Moo_Rich : Sorry for the misunderstanding and inconvenience caused to you;Your purchasing power is restored immediately after you submit a redemption application.For example, if you want to buy shares immediately after you apply for redemption, at checkout, the system will automatically calculate your current payment limit based on the total value of your funds after redemption.
BeeTang OP Falie : Granted you are right, but under the impression that funds are instantly available to do as I wish, including withdrawal. So that’s the fine print which misleads again..
BeeTang OP Moo_Rich : Yes, that’s true. To transact with the “freed up” funds is possible but NOT withdrawal, thus not “instantly available”. Same same but different.
Sianzsation : Same I also thought instant and it is not. I have a poems account, money inside automatically is having money market interest and trading is instant. Only withdrawal to my bank need 1 or 2 days. Damn thought was same.. 0
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