Cash Management Account

Cash Management (KC) Account is a ledger-based account that has the ability to hold money in the account at anytime. Trade purchases will be settled as long as you have sufficient funds in the account. No minimum balance is required to be maintained in the account.
  • Automatic settlement of trades done if you have sufficient funds in the Cash Management (KC) Account.
  • Up to 12 months (year to date) of transaction history is available online.
  • Ability to maintain foreign currencies ledgers.
  • Ability to hold cash balances in the account with credit interest given for certain currencies.
  • Invest your excess cash in the Cash Management (KC) Account into Money Market Funds to potentially earn higher returns when you opt for Excess Funds Management Facility.
Yes, this account can maintain foreign currency balances when you opt-in for the Multi-Currency Facility, giving you the flexibility to retain your foreign cash proceeds in their respective currencies. Moreover, if you have SGD in the account and would like to invest in foreign currency denominated stocks, you can easily convert the SGD online.
Yes, there is interest for SGD & USD credit balances. Please refer to the Cash Management (KC) Account infosheet section 2.

Excess Funds Management Facility is a feature that allows customers to earn returns through the excess funds parked in their trading account. In this manner, the excess funds not used for trading are not left idling and this means your money works harder for you. The excess funds will be invested on a discretionary basis into Money Market Funds. Currently, excess SGD funds will be invested in the Phillip Money Market Fund whereas excess USD funds will be invested in the Phillip USD Money Market Fund.

Phillip Money Market Fund (PMMF) is a stable yielding unit trust fund managed by Phillip Capital Management Pte Ltd. The fund was introduced in April 2001 and is diversely parked in Singapore government bonds, bills, commercial papers, etc. The fund aims to preserve the principal value and to maintain a high degree of liquidity.

Phillip Money Market Fund is regulated by the Monetary Authority of Singapore (MAS). The fund is fully liquid and available for your withdrawal anytime you want.

Upon login to your Phillip Account, you may view your monthly positions and returns from Acct Mgmt > Stocks > Transaction History.
We are pleased to offer this account with:-
  • No fees and charges on maintaining or usage of the account.
  • No requirement of minimum balances.
 
You can open a Cash Management (KC) Account online via Myinfo or Online Form. You need to be at least 18 years of age, not a U.S. person and not a bankrupt. Refer to “What do you need to prepare” section for documents required for account opening.
Yes. However, the joint applicant must be above the age of 18 years old and both the main and joint applicants must first open a joint CDP account at Central Depository Pte Ltd (CDP). No joint application if you are below 18 years old. The joint CDP account can be opened at our Phillip Investor Centres(PICs).
Yes. However, you must have a corporate CDP account with Central Depository Pte Ltd (CDP).
Yes, Singapore shares held in CDP directly under your name can be sold through Cash Management (KC) Account. Foreign shares bought through other securities houses must be transferred to the Cash Management (KC) Account first before you can sell through it.
Yes, you can sell shares allotted through IPO. The shares listed on SGX will be credited into your CDP account. Once the shares have been credited, clients can sell through their Cash Management (KC) Account.
All sales proceeds for Shares or Unit Trusts will be credited into your Cash Management (KC) Account.

You may refer to our payment page for the full list of funding methods.

You can choose any one of the avenues to withdraw the money from Cash Management (KC) Account:

  • Submit online withdrawal form via POEMS 2.0 > Acct Mgmt > Stocks > Online Forms > Withdrawal & Conversion > Withdrawal Form.
  • Ask your Trading Representative to submit request on your behalf for withdrawal

No, Cash Management (KC) Account does not have Margin/Financing facilities. Your account will only be allowed to trade up to your assigned trading limits or the amount of funds in your Cash Management (KC) Account, whichever is higher. If you wish to have Margin/Financing facilities, please open a Margin (M) Account.
When you submit the online withdrawal request via POEMS 2.0 > Acct Mgmt > Stocks > Online Forms > Withdrawal & Conversion > Withdrawal Form before 10am, the funds will be available in your bank account on the next working day.

Yes. You can use the account to trade through POEMS or your designated Trading Representative can place trades on your behalf. The prevailing commission charges applies.

Click here to find out more about Commission Charges.

Conversion can be done online via POEMS, under STOCKS > ACCT MGMT > Online Forms or a conversion form can be mailed to us. Cash Trading Account with existing GIRO facility has to be terminated before we can process the conversion to Cash Management (KC) Account.