| gives you the flexibility to withdraw your funds to your bank account or top up your GrabPay Wallet instantly to spend right away. Show
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 How do you use Earn+ to top up your GrabPay Wallet?When you use your Earn+ plan to top up your GrabPay Wallet, you receive your funds instantly. What to do in the app…
Currently, you can use up to 90% of the available withdrawal amount in your Earn+ plan for top up. Since we can only redeem the units with the fund houses at the next available trading price, we are limiting the withdrawals to 90%. The amount of units that will be withdrawn from your account is determined once the official trading price is released by the fund houses. If you would like to withdraw your full balance, you can choose to withdraw to your bank. Shop instantly with funds withdrawn from Earn+ to your GrabPay walletLet’s say you’ve just completed an instant transfer of $50 from your Earn+ account to your GrabPay wallet. Thinking of spending that $50 on some necessities? No need to look for merchants that accept GrabPay. All’s good as long as they accept Mastercard. Here’s why. This $50 in your GrabPay wallet can be used directly for your purchase when you have a GrabPay Mastercard. This is because the GrabPay Mastercard debits funds from your GrabPay wallet anywhere where Mastercard is an accepted payment method (online and offline). Super convenient! What happens in the background…After completing those steps, you can sit back and relax as we are initiating the selling process with our asset management partners Fullerton Fund Management and UOB Asset Management. Note that you will only be able to withdraw funds into a bank account in your name. How long does it take for your funds to hit your bank account?The short answer is 4 – 5 working days, but in case you are wondering, here is how it works: Day 1 – 2: Once you make a withdrawal request, we will send the request to our asset management partner & they initiate the selling process. Day 3 – 5: After our asset management partners have processed and settled the withdrawal request, we will transfer the funds to your designated account. 🎉 You will receive a notification upon withdrawal completion. Things to consider when withdrawing funds to your bankOur goal is to make the withdrawal process as seamless as possible. Just a couple of things to take note of:
These points will be explained in more detail in the sections below. What is the difference between a partial and full withdrawal?By this stage, you might have some idea of what a full withdrawal is and what a partial withdrawal is but for your additional knowledge… A partial withdrawal is when you withdraw less than or equal to 90% of the value of your portfolio. For a partial withdrawal, you will receive the exact amount that you have requested. Whatever amount that is left stays in your portfolio and continues to be invested. Here is an example of what it means. Benny loves Earn+ and has a portfolio valued at $5,000. Benny decides to withdraw $30 from his Earn+ portfolio. The next working day, the request is sent to our asset management partners who kick-off the selling process. Within 4 – 5 days Benny receives the funds in his bank account. By day 4, Benny has successfully made the $30 withdrawal and has $4,970 left in his portfolio.
A full withdrawal is when 100% of the value of your portfolio is withdrawn. The amount you receive will be approximately what you see as the balance on your screen. The exact amount can still change as we can only redeem on the next available price that the funds trade at. This means that the final amount can be a bit more or a bit less than what you currently see in your portfolio. You can decide to do a full withdrawal yourself or it can automatically be triggered in the following scenarios:
After a full withdrawal, all your units in the funds will be sold and your Earn+ portfolio value will be $0.00. What happens when more than 90% of the portfolio is being withdrawn?Lucy is an Earn+ fan and also has a portfolio value of $5,000. She decides to initiate a $4,900 withdrawal after being invested for some time. Since $4,900 is greater than 90% of the portfolio value, it is considered a full withdrawal. The next working day, our asset management partners will begin the selling process of her entire portfolio. Within 4-5 working days, the funds will be transferred to her bank account. By day 4, Lucy has successfully made a full $5,000 withdrawal. (The actual amount withdrawn is subjected to market price fluctuations and decimal rounding which may differ from your portfolio value)
What happens when you have less than $1 in your Earn+ portfolio?Now imagine that Mary has a portfolio value of $4,000. Mary initiates a withdrawal of $399.50, leaving less than $1.00 in her portfolio. Since there is less than $1.00 in her portfolio, it is automatically considered a full withdrawal. The next working day, our asset management partners will begin the selling process of her entire portfolio. Within 4-5 working days, the funds will be transferred to her bank account. By day 4, Mary has successfully made a full $4,000 withdrawal. (The actual amount withdrawn is subjected to market price fluctuations and decimal rounding which may differ from your portfolio value) If you are looking for a simple way to accumulate returns* on your cash then look no further than Earn+. You can withdraw your funds anytime you need and there is no minimum amount required to get started. Sign up in the Grab app today * Projected yield and returns are not guaranteed or protected. Please refer to our latest projected yield and returns. What do you need if you want to withdraw your money in the bank?Take your debit card, or a form of ID and your account details, and they can process the withdrawal for you, as long as you have enough funds.
What is the best way to withdraw money from an account?1) Using ATM: The most easy way to withdraw money from your bank account is by using an ATM. You can use a Debit card or an ATM card; each is associated with a different type of bank account. To withdraw money from an ATM: -Traditionally, you will need a card to use an ATM, but some banks provide other options.
What is it called when you withdraw money from the bank?What Is a Withdrawal? A withdrawal involves removing funds from a bank account, savings plan, pension, or trust.
Can I go to the bank and withdraw my money?The answer is, put simply, yes — you can take money out of a savings account. There are, however, certain restrictions on the number of withdrawals you can make within a time period with some banks.
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How do you withdraw money from the bank
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