How to Withdraw Money from Etica Money Market Fund in Kenya

The Etica Money Market Fund (MMF) in Kenya offers investors a flexible and efficient platform to manage their investments, including straightforward withdrawal options. Here’s a detailed guide on the withdrawal process, associated charges, and timelines.

Withdrawal Channels

Etica Money Market Fund provides two primary channels for withdrawals:

1. Bank Transfers: Funds can be withdrawn directly to your bank account.
2. M-Pesa: For quick access, withdrawals can be made to your M-Pesa account.

Withdrawal Process

To initiate a withdrawal:

1. Log In: Access your Etica Money Market Fund account through the mobile app or web portal.
2. Navigate to Withdrawals: Select the ‘Withdraw’ option.
3. Choose Destination: Decide between withdrawing to your bank account or M-Pesa.
4. Enter Amount: Specify the amount you wish to withdraw.
5. Confirm Details: Review and confirm the transaction.

For M-Pesa withdrawals, ensure your M-Pesa details are added to your profile under ‘Add bank/mobile money’.

Charges and Fees

• Bank Transfers: Withdrawals to bank accounts are free of charge.
• M-Pesa: A minimal transaction fee applies, ranging from KES 4 to KES 30, depending on the withdrawal amount. The exact charge is displayed before transaction confirmation.

Processing Timelines

• Bank Transfers: Processed within two working days.
• M-Pesa: Withdrawals up to KES 250,000 are processed instantly, even during nights, weekends, or holidays. Amounts exceeding KES 250,000 are processed within two working days.

Flexibility and Accessibility

Etica’s MMF offers unparalleled flexibility:

• No Lock-in Period: Investors can withdraw funds at any time without penalties.
• Multiple Platforms: Manage investments and initiate withdrawals through the Etica mobile app or web portal.
• Utility Payments: Directly pay bills from your investment account, enhancing convenience.

Conclusion

Etica’s Money Market Fund in Kenya ensures seamless access to investors’ funds, with flexible withdrawal options, minimal charges, and prompt processing times.

This flexibility, combined with the fund’s competitive returns, makes it an attractive option for individual and institutional investors seeking liquidity and capital preservation.

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