Payment Instructions
Here are the options for making payments for your trades:
MMF S$
p.a.
p.a.
MMF US$
p.a.
p.a.
Rates updated as of , based on 1-year rolling return, NAV/NAV prices.
Past performance is not necessarily indicative of future performance. Click here for disclaimer.
Electronic Payment for Shares (EPS)
Stocks
ETF
Bonds
CFD
Unit Trust
Smart Park
| Description | : | Payment via ATMs or Internet Banking |
| Transaction Fee | : | $0 |
| Processing Time | : | Fund transfers made before 9pm will be credited into your account the next working day |
| Transaction Currency | : | SGD |
| Transaction Limit | : | No limit |
You can apply for Electronic Payment for Shares (EPS) linkage to link up your Account with your bank account to facilitate payment. Download the EPS linkage application.
After your EPS linkage is activated, you can make fund transfers via ATMs or via internet banking (EPS).
Please note that you can link one bank account to your Account at any one time.
CFD
Login to POEMS > Acct Mgmt > Stocks> Online Forms > Withdrawal From to transfer deposited funds from Stocks trading ledger to CFD ledger before 10am the next market day.
For Cash Trading (T) accounts: Please inform your Trading Representative (“TR”), the EPS payment is meant for your CFD trading account before 10am the next market day.
After your EPS linkage is activated, you can make fund transfers via ATMs or via internet banking (EPS).
Please note that you can link one bank account to your Account at any one time.
CFD
Login to POEMS > Acct Mgmt > Stocks> Online Forms > Withdrawal From to transfer deposited funds from Stocks trading ledger to CFD ledger before 10am the next market day.
For Cash Trading (T) accounts: Please inform your Trading Representative (“TR”), the EPS payment is meant for your CFD trading account before 10am the next market day.
Internet Bill Payment
Stocks
ETF
Bonds
CFD
Unit Trust
Managed Accounts
Smart Park
| Description | : | Payment via your banking portal |
| Transaction Fee | : | $0 |
| Processing Time | : | 2 working days to credit the funds into your account. Please check with your respective banks for actual cut-off timing and location of the Bill Payment function. |
| Transaction Currency | : | SGD |
| Transaction Limit | : | Your banking limit |
Use bank portal to make bill payment via POSB/DBS bank, UOB bank, OCBC bank, Standard Chartered bank & Maybank
Please select “Phillip Securities” and initiate payment and enter 7 digits of trading account number e.g. trading account “123456”, to enter as “0123456”
*Please note that Citibank bill payment may take 5-7 working days for us to receive your payment.
CFD
Login to POEMS > Acct Mgmt > Stocks> Online Forms > Withdrawal From to transfer deposited funds from Stocks trading ledger to CFD ledger before 10am the next market day.
For Cash Trading (T) accounts: Please inform your Trading Representative (“TR”), the bill payment is meant for your CFD trading account before 10am the next market day.
Please select “Phillip Securities” and initiate payment and enter 7 digits of trading account number e.g. trading account “123456”, to enter as “0123456”
*Please note that Citibank bill payment may take 5-7 working days for us to receive your payment.
CFD
Login to POEMS > Acct Mgmt > Stocks> Online Forms > Withdrawal From to transfer deposited funds from Stocks trading ledger to CFD ledger before 10am the next market day.
For Cash Trading (T) accounts: Please inform your Trading Representative (“TR”), the bill payment is meant for your CFD trading account before 10am the next market day.
eNETS
Stocks
ETF
Bonds
CFD
Unit Trust
Smart Park
| Description | : | Payment via eNETS |
| Transaction Fee | : | $0 |
| Processing Time | : | For CFD, eNETS allows fund deposit to POEMS at any hour. Do note that, hourly update in POEMS will only be available during working hours ( 9am – 5pm ). For other products, fund transfer made before 5 pm will be credited into your account the next working day. |
| Transaction Currency | : | SGD |
| Transaction Limit | : | eNETS limit |
Login to POEMS POEMS > Acct Mgmt > Deposit Fund
FAST (Fast And Secure Transfers)
Stocks
ETF
Bonds
CFD
Unit Trust
SBL
Smart Park
| Description | : | Payment via FAST |
| Transaction Fee | : | $0 |
| Processing Time | : | The payment made by 4pm will be reflected in your account next working day. |
| Transaction Currency | : | SGD |
| Transaction Limit | : | Your banking limit |
For SGD transfer, please refer to the bank details:
Please enter 7 digits of your trading account number e.g. trading account “123456”, please enter “0123456” and account holders’ name(s).
You can transfer funds up to S$200,000 per transaction subject to your daily or monthly withdrawal limits. Please contact your bank for more information on this limit as well as the minimum limit.
CFD
By the next market day at 10am, login to POEMS > Stocks > Online > Withdrawal From to transfer funds from Stocks trading ledger to CFD ledger.
For Cash Trading (T) accounts: Please inform your Trading Representative (“TR”), the FAST payment is meant for your CFD trading account before 10am the next market day.
| Currency | SGD |
|---|---|
| Beneficiary Bank | Citibank N.A |
| Beneficiary Bank Address | 8 Marina View, Asia Square Tower 1, Singapore 018960 |
| Beneficiary Name | Phillip Securities Pte Ltd – Trust account |
| Beneficiary Account no | 0-700104-109 |
| Beneficiary Bank Swift Code | CITISGSG |
| Payment Details | Your PSPL trading account no. and account name (mandatory). |
You can transfer funds up to S$200,000 per transaction subject to your daily or monthly withdrawal limits. Please contact your bank for more information on this limit as well as the minimum limit.
CFD
By the next market day at 10am, login to POEMS > Stocks > Online > Withdrawal From to transfer funds from Stocks trading ledger to CFD ledger.
For Cash Trading (T) accounts: Please inform your Trading Representative (“TR”), the FAST payment is meant for your CFD trading account before 10am the next market day.
Telegraphic Transfer (TT)
Stocks
ETF
Bonds
CFD
Unit Trust
Managed Accounts
Smart Park
| Description | : | An electronic method of transferring funds utilized primarily for overseas wire transactions. |
| Transaction Fee | : | Bank charge only for incoming funds / Bank charge +S$10.70 handling fee for outgoing funds |
| Processing Time | : | Up to one week |
| Transaction Currency | : | SGD, USD, HKD, JPY, MYR, AUD, GBP, EUR, CAD & CNY |
| Transaction Limit | : | Your banking limit |
Please 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.
CFD
Login to POEMS > Acct Mgmt > Stocks> Online Forms > Withdrawal From to transfer deposited funds from Stocks trading ledger to CFD ledger
For Cash Trading (T) accounts: Please inform your Trading Representative (“TR”), the TT transfer is meant for your CFD trading account.
Managed Accounts (SGD only)
CFD
Login to POEMS > Acct Mgmt > Stocks> Online Forms > Withdrawal From to transfer deposited funds from Stocks trading ledger to CFD ledger
For Cash Trading (T) accounts: Please inform your Trading Representative (“TR”), the TT transfer is meant for your CFD trading account.
Managed Accounts (SGD only)
Cheque
Stocks
ETF
Bonds
CFD
Unit Trust
Managed Accounts
Smart Park
| Description | : | Cheque payment |
| Transaction Fee | : | $0 |
| Processing Time | : | The cheques deposit at the designated box on 6th floor @ Raffles City Tower by 3pm will be processed on the same day. |
| Transaction Currency | : | SGD*, USD*, MYR**, HKD |
| Transaction Limit | : | Based on the transfer limit on the issuer’s account |
Cheque deposit is available at Phillip Investor Centres from Monday to Friday, 9.00am to 6.00pm (except public holidays).
Payee to Phillip Financial Pte Ltd, for Share Financing (V) Account
Payee to Phillip Securities Pte Ltd, for other accounts (except for futures accounts)
Payee to Phillip Futures Pte Ltd, for Futures and FX trading
For contract settlement on or before the due date, please drop your cheques at the designated box on 6th floor @ Raffles City Tower by 3pm for same day processing.
*Note
SGD and USD cheques must be drawn from a bank in Singapore with Local (Singapore) clearing.
MYR cheques must be drawn from Malaysia.
HKD cheques must be drawn from a bank in Hong Kong and a courier fee of S$21 applies.
CFD
Please specify that the payment is meant for your CFD trading account.
Managed Accounts
Please specify that the payment is meant for Managed Accounts.
Payee to Phillip Financial Pte Ltd, for Share Financing (V) Account
Payee to Phillip Securities Pte Ltd, for other accounts (except for futures accounts)
Payee to Phillip Futures Pte Ltd, for Futures and FX trading
For contract settlement on or before the due date, please drop your cheques at the designated box on 6th floor @ Raffles City Tower by 3pm for same day processing.
*Note
SGD and USD cheques must be drawn from a bank in Singapore with Local (Singapore) clearing.
MYR cheques must be drawn from Malaysia.
HKD cheques must be drawn from a bank in Hong Kong and a courier fee of S$21 applies.
CFD
Please specify that the payment is meant for your CFD trading account.
Managed Accounts
Please specify that the payment is meant for Managed Accounts.
CPF/SRS
Stocks
ETF
Bonds
Unit Trust
Managed Accounts
| Description | : | Payment via CPF/ SRS |
| Transaction Fee | : | Agent bank fee/ SRS fee |
| Processing Time | : | On Due Day |
| Transaction Currency | : | SGD |
| Transaction Limit | : | Investable amount in CPF/ SRS |
- Open a CPF Investment Scheme (CPFIS) account with an agent bank (POSB/DBS, UOB, OCBC). For more details, please refer to CPF Website.
- Contact your trading representative to link your CPFIS Account to your trading Account.
- Select the option “CPF” under “trade type” in order to use your CPF OA funds for settlement. If “CPF” is not selected under “trade type”, the trade will be defaulted to cash settlement.
Managed Accounts (SRS only)
GIRO (General Interbank Recurring Order) – Regular Saving Plan (RSP)
Unit Trust
| Description | : | Direct linkage to DBS/ POSB, for RSP (Unit Trusts) |
| Transaction Fee | : | $0 |
| Processing Time | : | Amount will be deducted 1 – 5 working days before the investment days |
| Transaction Currency | : | SGD |
| Transaction Limit | : | Scheduled amount |
Submit an Interbank GIRO Application Form with a RSP Application Form. Alternatively, you can apply online by the following steps: Login to POEMS > Apply RSP
GIRO – Share Builders Plan (SBP)
Stocks
ETF
| Description | : | Direct linkage to DBS/ POSB, for SBP (Shares) |
| Transaction Fee | : | $0 |
| Processing Time | : | Amount will be deducted 1 – 5 working days before the investment days |
| Transaction Currency | : | SGD |
| Transaction Limit | : | Scheduled amount |
Submit an Interbank GIRO Application Form with an SBP Application Form and a trading account application form. Alternatively, you can apply online by the following steps: Login to POEMS > Acct Mgmt > Regular Savings Plan (RSP) > Share Builders Plan.
Frequently Asked Questions
Please refer to the settlement date for each financial market.
| Regional Bourne | Settlement Date (Market Days) |
|---|---|
| Singapore (SGX) | T+2 |
| Australia (ASX) | T+2 |
| Belgium (EURONEXT Brussels) | T+2 |
| Canada (TSX) | T+2 |
| China A Shares (SSE-A via SH-HK Stock Connect) | T+1 |
| China A Shares (SZ-HK Stock Connect) | T+1 |
| China B Shares (SSE, SZSE) | T+3 |
| France (EURONEXT Paris) | T+2 |
| Germany (FWB) | T+2 |
| Hong Kong (HKEx)/Hong Kong Pre-IPO | T+2 |
| Indonesia (IDX) | T+2 |
| Japan (TSE, JASDAQ) | T+3 |
| Malaysia (Bursa) | T+3 |
| Netherlands (AEX) | T+2 |
| Portugal (EURONEXT Lisbon) | T+2 |
| Philippines (PSE) | T+3 |
| South Korea (KRX) | T+2 |
| Taiwan (TWSE) | T+2 |
| Thailand (SET) | T+2 |
| Turkey (ISE) | T+2 |
| Vietnam (HOSE/HNX) | T+2 |
| United States (NYSE, NYSE-MKT, NASDAQ) | T+2 |
| United Kingdom (LSE) | T+2 |
If you fail to pay or contra (i.e. sell) your purchase by due date, your purchase may be forced sold by the company at its discretion without notice to you. Phillip Securities has the discretion as to the price, volume put up for force sell at any time. Phillip Securities is not liable to you for any loss or damage arising out of the exercise of its discretion; and the company may recover from you the losses and expenses incurred in the force sell. Customer(s) who are subject to force-selling by Phillip Securities may be suspended from trading for a period as determined by Phillip Securities. For more details on purchase due date, kindly refer to the settlement for the relevant financial market.
No. It is Phillip Securities Pte Ltd’s policy to require the customer to make full payment on or by the Due date (“D Date”) for purchase of securities or contract(s). Customer is not permitted to undertake partial pick-up on the day of force-selling for due unsettled contracts.
Contra losses must be settled WITHIN 7 calendar days (or 1 week) from the statement date.
Yes, contra-profits will nett-off any outstanding losses.
Log www.poems.com.sg > Announcement > Exchange Rate
Multi-Currency Facility is an added advantage for you to maintain foreign currency balances (USD, HKD, AUD, MYR, JPY, GBP, EUR, CNY and CAD) in your account for ease of trading and efficient management of your foreign currency denominated investments. Settlement for these shares can either be in the traded currency or in SGD. However, your account must have sufficient funds in the settlement currency to avoid incurring interest on debit balances.
To opt-in, login to POEMS > Click Stocks > Acct Mgmt > on the left panel, click Online Forms > Currency Conversion > select Opt in for Multi-Currency facility > Submit and input your POEMS password to confirm your submission.
Auto Currency Conversion Feature
In the event the ledger runs into deficit, arising from below transactions carried out on that day, auto-conversion will take place.
|
Transaction / Account Type |
PCMA & Custodian |
Margin |
| 1)Withdrawal of Money 2)Fees & Charges 3)Right Subscriptions |
All Ledgers |
MYR Ledger only |
| 1)Purchase Contract 2)Contra Loss |
MYR Ledger only |
The auto currency conversion feature is not applicable to the following transaction types:
- Settlement of purchase contracts.
- Settlement of contra losses.
For such transactions, client will need to login to POEMS > Stocks > Acct Mgmt > Online Forms > Currency conversion to submit the currency conversion accordingly.
Please be reminded that auto currency conversion does not apply to Cash trading, Investment Margin and Securities Financing account.
You can contact talktophillip@phillip.com.sg to arrange for a replacement. Please note that a handling fee of S$20 (subject to prevailing GST) will apply.
You can contact talktophillip@phillip.com.sg to arrange for a replacement. Please note that an administration charge of S$20 (subject to prevailing GST) will apply.
You may login to POEMS > Stocks > Online Forms > Withdrawal form. You have the option to transfer back to your pre-registered local bank account in the form of quick cheque, or you may collect the cheque from cashier.
Not available for Cash Trading Account.
Not available for Cash Trading Account.
Third Party Funding is Not Accepted
Phillip does not accept incoming funds from any third party. We will only accept funds originating from a bank account held in the same registered name.
Terms and Conditions:
*SGD and USD cheques must be drawn from a bank in Singapore with Local (Singapore) clearing.
** MYR cheques must be drawn from Malaysia.
***HKD cheques must be drawn from a bank in Hong Kong and a courier fee of S$21 applies.
*SGD and USD cheques must be drawn from a bank in Singapore with Local (Singapore) clearing.
** MYR cheques must be drawn from Malaysia.
***HKD cheques must be drawn from a bank in Hong Kong and a courier fee of S$21 applies.
