How do I make payment for my unit trust purchases?
There are 3 ways in which you can make a payment:
Via bank ATM/internet banking facility:
Electronic Payment for Shares (EPS) – Lump Sum Payment
(preferred option); or
- GIRO , if you have applied for it. (Not applicable for Cash Management Accounts)
- Electronic Payment for Shares (EPS) – Lump Sum Payment
Via cheque payment:
- Send us a cheque with payee "Phillip Securities Pte Ltd (PSPL)"; or
- Cheque deposit is available at Phillip Investor Centres from Monday to Friday, 9.00am to 6.00pm (except public holidays). For same day processing, please drop your cheques at the designated box on 6th floor @ Raffles City Tower by 3pm
Via Bank Internet Banking service:
Make payment via the Bill Payment function –
- Participating banks: POSB/DBS, UOB, OCBC, MayBank, Standard Chartered Bank, Citibank
Simply enter the full 7 digits of your trading account number.
If your account has less than 7 digits, please enter the relevant number of zeros before your account number e.g. trading account
“12345” to be entered as “0012345”
Note: It usually takes 2-3 working days for us to receive your payment. For Citibank bill payment, it will take 5-7 working days.
- Make payment via the Bill Payment function –
- EPS - Lump Sum Payment should be done by 9pm on T (Transaction) day.
- For existing DBS/POSB GIRO applicants with Phillip Securities, deduction will be carried out on T + 1 day after 3.00 pm.
- Online Bill Payment via internet banking should be performed on T day.
- All cheques must be deposited at the designated cheque collection box latest by 3pm on T+2 day.
- Investment Account (Margin/Custodian/PCMA) customers should ensure that there are sufficient funds in their accounts before submitting orders.
- Before the use of CPF-OA money to trade, please ensure that a standing instruction with your CPF investment bank is signed and CPF Investment account Number submitted to Phillip Securities.
- Phillip Securities Pte Ltd reserve the right to force sell any outstanding purchases. Any losses incurred shall be borne by customers