Fund redeem unable to use for currency conversion immediately
$Fullerton SGD Cash Fund(SG9999005961.MF$
I want redeem the fund and currency convert for payment my US share. Seem like it can not be done. It take 3 or more day to “withdraw” before you able to perform currency conversion.![]()
I want redeem the fund and currency convert for payment my US share. Seem like it can not be done. It take 3 or more day to “withdraw” before you able to perform currency conversion.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo_Rich : Hi mooer, currently it only takes t+2 to withdraw cash, we will also continue to improve, thank you for your feedback
SebTheTraderOuf Moo_Rich : Hi , sorry they talk about instant withdraw ? Is it instant or 2-3 days withdraw ?
Cyinsect OP Moo_Rich : Thanks for your reply. Hope improvements can be done. We are redeem the cash fund for make payment for others share , not “withdraw”. It could consider to hold the money redemption like frozen cash for customer make currency conversion to make share payment 1st.
Moo_Rich SebTheTraderOuf : Hi~ The instant mean，when you submit a redemption application for your shares in Cash Plus, your purchasing power will be restored immediately in the moomoo app. This means you will be able to buy stocks or subscribe to IPOs immediately as well.
Moo_Rich SebTheTraderOuf : And if you want cash for withdrawal to your bank account or currency exchange, you need to wait for t+2.
Moo_Rich Cyinsect OP : I understand what you mean, thank you very much for your feedback, we will continue to optimize the