Frequently Asked Questions
Cash Management (KC) Account
Can this account hold foreign currencies?
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.
Other faq that might help you
- Information Sheet
- What is Cash Management (KC) Account? How is this different from my existing account?
- Can this account hold foreign currencies?
- Do I get any interest/returns from the credit balance I maintain in my Cash Management (KC) Account?
- What is Excess Funds Management Facility?
- How can I check my positions and returns under the Excess Funds Management Facility?
- Is Cash Management (KC) Account chargeable?
- Can I open a Cash Management (KC) Account if I am overseas?
- Can I open a Joint Cash Management (KC) Account ?
- Can I open a Corporate Cash Management (KC) Account?
- Can I sell my existing shares through Cash Management (KC) Account?
- Can I sell shares allotted through IPO?
- Where will the sales proceeds be in after I have sold off my Shares/Unit Trusts using my Cash Management (KC) Account?
- How do I deposit cash into my Cash Management (KC) Account?
- How do I withdraw my money from Cash Management (KC) Account?
- Does Cash Management (KC) Account provide Margin/Financing facilities?
- What is the processing time for the online cash withdrawal?
- Can I use my Cash Management (KC) Account to trade through my remiser?
- If I have an existing Cash Trading Account with Phillip Securities, can I convert it to Cash Management (KC) Account?
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