Frequently Asked Questions
GIRO
Will the proceeds from sale of unit trusts be credited to my bank if I have GIRO?
If your Phillip Account type is the older cash trading account with Giro linkage to DBS/POSB, the sales proceed will be paid directly to your bank account. For cash management, custodian, margin and Phillip financial accounts, the sales proceeds will be paid into your trading account.
Other faq that might help you
- How can I opt for this service?
- Can I have both EPS and GIRO
- When will the GIRO service take effect?
- When will the bank deduct the account for my purchase?
- When will I receive my sales proceeds?
- Can I do contra?
- When will contra loss/gain be settled under GIRO?
- Can I cancel my GIRO arrangement?
- Is the GIRO arrangement applicable to both Shares and Unit Trusts?
- When will the funds be deducted for lump-sum investments & under the Regular Savings Plan(RSP)?
- Can I use EPS for Shares and GIRO for Unit Trusts?
- Will the proceeds from sale of unit trusts be credited to my bank if I have GIRO?
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