What is the Endowus Fee? How is it calculated and paid for?

To learn more about our fees:

What is the Endowus Fee?

How is the Endowus Fee calculated?

How is the Endowus Fee paid for?

When will the Endowus Fee be deducted from my account?

What are my total payable fees?

 

What is the Endowus Fee?

The Endowus Fee is an all-in fee that Endowus charges you for all of our services i.e. investment advice, portfolio creation and rebalancing, brokerage, and transfers. The Endowus Fee is inclusive of GST (i.e. GST is not charged separately).

There are no additional fees for SGD withdrawals from your Endowus account to local Singapore banks made via FAST (click here to see the full list of FAST participating banks). If you transfer SGD funds from your Endowus account to an overseas bank account, you will incur overseas remittance charges of approximately 0.125% (minimum of S$10, maximum of S$120) and cable/agent charges.

 

How is the Endowus Fee calculated?

The Endowus Fee is charged on a quarterly basis. For every calendar quarter (i.e. Jan - March), we will calculate the daily average investment value of your investment goal and charge a percentage as fees (depending on your goal type). Note that you will only be charged fees for the days in the quarter that you are invested. Please refer to here for more information about the fees for each goal type.

 

How is the Endowus Fee paid for?

CPF/SRS are charged in the following order:

  1. If you have available Endowus Fee credits, we will first deduct the fee amount from your Endowus Fee credits. 
  2. For the remaining payable Endowus Fee, we will charge the fees by redeeming from your investment holdings.

SGD Cash investments fees are charged in the following order:

  1. If you have available Endowus Fee credits, we will first deduct the fee amount from your Endowus Fee credits. 
  2. If you have an available SGD cash balance in your Endowus account, we will use it to pay for the Endowus Fee.
  3. For the remaining payable Endowus fee, we will charge the fee by redeeming from your investment holdings.

Foreign currency Cash investments fees are charged in the following order:
(note: Endowus Fee credits, which are in SGD, cannot be used to offset Endowus Fee in foreign currency portfolios)

  1. If you have available cash balance in the foreign currency in your Endowus account, we will use it to pay for the Endowus Fee. If you have SGD cash balance and would like to convert it into the foreign currency of your portfolio, you may reach out to us at support@endowus.com for conversion.
  2. For the remaining payable Endowus Fee, we will charge the fees by redeeming from your investment holdings.

 

When will the Endowus Fee be deducted from my account?

The Endowus Fee is usually charged within 10 business days after the end of each calendar quarter.

Do note that for individual investment account types, they might be charged on different days, you would be able to check on the status(es) of the Endowus Fee charges on your Activity & Balances page.

 

Where do I find the total fees paid to Endowus in respect of my account?

Log in to your Endowus account > Go to Activity.