Where did the money redeemed from the bank fund go?
After the fund redemption is confirmed, the funds will be directly transferred to the debit card where you purchased the fund. Debit card is what we usually call bank card, also called savings card. Please check the account details. If the money is directly deducted from the bank card when the bank buys the fund, then the money will go to the bank card after redemption. If the bank requires a wealth management card when buying a fund, the money will go to this wealth management card after redemption.
Fund redemption means that investors ask the fund management company to withdraw part or all of the investment from the fund and remit the redemption money to the investor's account. Fund applications submitted before trading day 15: 00 will be initiated according to the net value of the day, and applications submitted at other times will be initiated on the first fund trading day thereafter.
How long will it take for the money redeemed from the bank fund to arrive?
Due to the different products of each fund, the redemption time is also different. Please contact the fund company to confirm the arrival time.
1 general monetary fund T+ 1 working day;
2. Non-monetary funds arrive in T+3 working days (some non-monetary funds support quick redemption, and the fund company can realize T+ 1 arrival after confirmation);
3QDII funds will arrive in T+7 or T+9 working days.
Precautions for fund redemption: only the fund shares in the open period can be redeemed, and funds that have not been confirmed by the fund company or are in the closed period cannot be redeemed; The redemption share of the Fund shall not be lower than the minimum redemption share of the Fund.