Refund of excess balance in Navigator Cash Account
Per our notification dated 9 July 2007, we wish to remind that we are reviewing the cash balances in your Navigator Cash Account under your Navigator Investment Cash/SRS Plan(s) on the first working day of each month and this review will continue until further notice.
Following each review, if the aggregate balance in your Cash Account(s) exceeds the Maximum Balance (currently set at S$35,000), we will proceed to automatically refund you any amount in excess of the Maximum Balance within 2 weeks from the review date. If you have nominated a bank account for your Navigator Investment Plan(s), Navigator will credit the refund amount into your nominated bank account. Otherwise, Navigator will send a cheque to your last known address in our records. In the case of SRS monies, Navigator will credit your SRS Account with the relevant SRS Operator. A withdrawal notification will also be sent to inform you of the refund.
Please contact your Financial Adviser Representative or our Customer Services Executives at 6827 7555 for further assistance.