How do I pay via Telegraphic Transfer?
You can also make payment by Telegraphic Transfer (TT) if your funds are currently deposited with an overseas bank. TT fund transfers are allowed for SGD, USD, HKD, JPY, MYR, AUD, GBP, EUR, CAD & CNY.
Do note that the banks may levy bank charges for each TT fund transfer made, please check with your bank for the respective charges. Phillip Securities does not charge any fees for incoming TT fund transfers.
You will need to provide your bank with our bank account details for Telegraphic Transfer. Please click here for TT details.
Please also indicate your trading account number and account holders' name(s) on your TT payment details to ensure that funds received will be correctly credited into your Trading account.
As TT fund transfer may take up to a week to be successfully transferred, do check that the funds are already credited into your account or speak to your trading representative for enquires on status of transfer.
In the event that PSPL is unable to identify the account for the amount to be credited, PSPL may reject the amount transmitted after reasonable endeavours have been made to trace the source of the deposit.
Any bank charges incurred during the course of event will be borne by the client. If you are topping up account to pick up your outstanding shares, please ensure that we received your funds before/on due + 1 day.
Please note that we will not be held responsible for any loss, charge or damage arising from the rejected fund or delay in crediting the amount into the account.