There are many channels for redemption of money funds. Generally, money funds purchased through any channel can be redeemed through the same channel. There are four subscription channels:
First, go to the bank outlet to buy. Not all banks have monetary funds, but banks with monetary funds include: China Bank, Agricultural Bank, Industrial and Commercial Bank, China Construction Bank, Bank of Communications and China Merchants Bank. Each business outlet of the above-mentioned bank has special business personnel responsible for this business;
Second, to a qualified brokerage business department to buy. Most large brokers (such as Haitong Securities and Guotai Junan). ) have opened the subscription channel for money funds, and investors can buy directly from the business departments of these brokers;
Third, go directly to the fund company's direct sales counter to buy;
Fourth, some fund companies have opened the online subscription service for China UnionPay members, and investors can subscribe without leaving home. For example, Taixin, a subsidiary of Huaan Fund Management Co., Ltd., expects annualized expected income every day, and Huaan Cash Fuli Fund has opened this function.
How to redeem the money fund
When you need money, you can apply for redemption to convert the fund share into the funds in the bank card. The redemption share is usually an integer multiple of 100 or 500; If the remaining fund share is less than a certain amount (generally 500 shares), it must be redeemed at one time (if the income settlement date is not reached at this time, the fund company will also transfer all the income you deserve to you), which can be done through bank counters, telephones, websites, etc. Redemption is also T+2 or T+ 1, which means it usually takes 1-2 days to get the money.