Richard Tan commented on a stock · Jan 8, 2024 20:36

Cashplus

I have some questions on cashplus

1. Assuming I have SGD balance in my account and Smartsave was already activated. Will the SGD funds be invested into the new Fullerton Liquidity Fund or Fullerton SGD Cash Fund?

2. If I want to buy a stock but need to use the cash in cashplus to do so, am I allowed to proceed to place a Buy order? Or do I need to redeem cashplus first? I read that redemption for SGD Cash fund only settles the next day.

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Moomoo Lily : Hi, @Moomoo Buddy Please assist. Thanks!

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kamekamelo : i have the same question in my mind. did moomoo reply you? please share if have.

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Richard Tan OP kamekamelo : Hi, no response from Moonoo yet

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Moomoo Buddy : Dear client, for Q1: smartsave-buy, Cash Plus selected when you first activate smartsave will be selected by default. You can also manually choose to smartsave buy a particular SGD Cash Plus, which can be set up in [Funds - Cash plus - Management Smartsave - Product]. And for Q2: you don't have to manually redeem, you can buy SG stocks first, and then the system will auto redeem in the next trading day at 7:00 AM and 8:00 AM; If you buy US stock, but you only have SG cash plus position, kindly make a currency exchange to pay owed money after the arrival of the redeemed amount. If you have any questions, please feel free to contact us via MooMoo-Me-Customer Service-Online Inquiry or hotline (+65)-6321 8888 Thank you for your support! Have a nice day！

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Richard Tan

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