Frequently Asked Questions
Payment & Settlement
What is the cut-off time for making EPS fund transfers?
The daily cut-off time for making EPS fund transfers is 9pm.
For DBS, POSB, UOB and OCBC account holders, the arrangement is straight-forward. If the EPS fund transfer is made before 9pm, PSPL will receive the funds the next work day.
For Citibank account holders, if the EPS fund transfer is made before 9pm from Monday to Saturday, PSPL will receive the funds the next work day. If the EPS fund transfer is made after 9pm on a Saturday, or anytime on a Sunday, or anytime on a Public Holiday, PSPL will receive the funds two work days later.
Example 1 (For Citibank EPS linkage)
EPS fund transfer made before 9pm on Saturday, PSPL will receive the funds one work day later (Monday).
Example 2 (For Citibank EPS linkage)
EPS fund transfer made after 9pm on Saturday or EPS fund transfer made anytime on Sunday, PSPL will receive the funds 2 work days later (Tuesday).
Example 3 (For Citibank EPS linkage)
EPS fund transfer made anytime on a Public Holiday, PSPL will receive the funds two work days later
Other faq that might help you
- How can I settle my trades?
- How do I apply for EPS Linkage service to link up my EPS account with my Account?
- Which bank account can I use for the EPS Linkage?
- Can I link more than one bank account to my Account?
- How do I make payment via EPS after the linkage is activated?
- When are the shares bought due for delivery?
- When does payment have to be made for shares bought?
- What happens if I fail to pay or contra the purchase by due date?
- Can I make partial payment for my shares bought?
- When must I make payment for contra-loss?
- Can my contra-profits of Stock A be used to net-off losses from Stock B?
- What is the settlement currency for purchases of non-S$ denominated stocks?
- What is the conversion rate for non-S$ denominated trades?
- Can the settlement still be in S$ if I have opt to settle in the traded currency earlier?
- How do I get a replacement cheque?
- How do I bank-in or cash a cheque after it has gone stale?
- Are there any charges when I transfer funds from my trading account to my bank account via telegraphic transfer ?
- Are there any charges when I withdraw funds from my trading account to my bank account?
- Are there any charges for transferring money into or out of the trading account?
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