How Do I Add Funds to my GRANITE USD Account?
Step-by-step guide to transferring USD to GRANITE.
- Add Your Bank Account: First, you need to add your USD bank account(s) to GRANITE app. Go to Account > Bank Accounts > Add new bank account. Please ensure the account is in your name.
-
Download and Print the Following Documents:
-
Contract: Go to Account > Contract (this is the agreement between you and GRANITE).
-
USD Prospectus: Go to Account > Money Market Fund Prospectus, choose USD from the top right corner.
-
-
Choose Deposit Methods: Once you have the documents, you can choose one of two ways to add funds to your account:
-
-
Bank Transfer: Visit your own bank branch to initiate a transfer to GRANITE using the printed documents.
-
Cash Deposit: Visit any CIB bank branch with the printed documents to make a direct cash deposit. Please note that you must perform the deposit yourself, and don't forget to include your mobile number registered on GRANITE in the deposit details.
-
Bank Details: You can find the necessary GRANITE Bank Details on the Transfer In page. Please double-check that you have selected the correct fund on that page to view the correct USD bank account information.
Important Notes:
-
Cut-off Time Details: You can check the specific daily cut-off times for the USD fund by visiting this page.
-
Redemption Requests: You can initiate a redemption request through the app at any time (24/7).
-
Redemption Cycle: Redemptions for the USD fund occur once a week.
- Redemption Cut-off: The cut-off time is every Monday before 12:00 PM to be processed within the same week. Requests made after this time will be processed in the following week's cycle.
-
Funds Transfer: Once processed, the amount will be transferred to your bank account within T+2 (two business days).
-