Lesson 4 of 43 min

IDDO cancellation

The IDDO is a contract. Canceling before the goal is possible, following its conditions.

Where it is

In IDDO, open the contract and choose Cancel IDDO.

What to consider

  • The contract provides for a penalty and return period. The screen shows the amounts before you confirm.
  • What has already been received is included in the return calculation, according to the contract.
  • The return happens within the expected period, not immediately.

Before canceling

Think about the reason. If the need is to have money more frequently, Daily liquidity in a new contribution might work better.

Summary

  • Cancellation follows the contract, with penalty and return period.
  • The screen shows the amounts before confirming.

Quick check

Is the return from a cancellation immediate?
Where are the cancellation conditions?