Payment Instructions

Important information :

  1. Transfer funds to your PSPL account from a bank account that is registered in your name.
  2. Always check to ensure that you enter the correct PSPL account number under ‘REFERENCE’.
  3. USD cheques must be drawn from a bank in Singapore with local (Singapore) clearing.

You can pay for your trades with the payment methods below:

Earn higher yield on your idle cash with SMART Park

SGD 3.2509 % p.a.

USD 5.5456 %p.a.

Return(7 Day)Annualized*Find Out More

No Lock- In Period

Rates are updated as of 12 June 2023. *Based on the average rate of annualized returns over the last rolling week. Past performance is not neccessarily indicative of future performance. View disclaimer

PayNow / PayLah! / PayAnyone / GooglePay

Stocks ETF Bonds CFD Unit Trust Managed Accounts Excess Funds Management SBL
Description : Payment via PayNow
Transaction Fee : $0
Processing Time : 15 minutes, excluding the following times: 11.15pm – 11.45pm and 5am – 9am.

For CFD:
Amounts paid via PayNow/ PayLah! / PayAnyone/ Google Pay can be utilised for trading 15 minutes after payment during business days (Monday to Friday) except from 11.15pm to 11.45pm and from 5am to 9am. Funding outside of the business day will only be shown in your CFD account on the next business day (Monday). This feature does not include credit card funding.
Transaction Currency : SGD
Transaction Limit : Your banking limit
Click here for PayNow / PayLah! / PayAnyone / GooglePay

PayNow is available to customers of the following nine participating banks: UOB, Bank of China, Citibank, DBS Bank/POSB, HSBC, ICBC, Maybank, OCBC and Standard Chartered Bank.

Scan the QR code to make payment in 3 easy steps (mobile users may wish to take a screenshot of the QR code and import it later)

Phillip Securities Pte Ltd – Unique Entity Number (UEN) : 197501035Z

1. Log in to your payment app with your access code and PIN or Touch ID

2. Scan/Import the QR code to start your transaction

Please enter your 7-digit trading account number
e.g. 0123456 under “Reference Number”.

*For direct crediting into a CFD account, please add “CFD” in addition to the 7 digits e.g.: 0123456CFD

If you’re not sure how to PayNow via Web, you may browse our PayNow Tutorials

To view your transfer amount:
(Web) POEMS 2.0 -> Acct Mgmt -> Live Cash Balance -> Intraday Cash Transaction

The amount will be reflected on the bottom of the trade window as Avl. Cash.

(Mobile) Log in to POEMS Mobile 2.0 -> Trade -> Input a stock -> Tap on the stock to open the trade window

(Mobile) Login to POEMS Mobile 3 -> head to Trade tab -> Stocks section -> select Cash column.

FAST (Fast And Secure Transfers)

Stocks ETF Bonds CFD Unit Trust SBL Excess Funds Management
Description : Payment via FAST
Transaction Fee : $0
Processing Time : Amounts paid via FAST can be utilised for trading 15 minutes after payment except from 11.15pm to 12.15am and from 5am to 9am.

For CFD:
Amounts paid via FAST can be utilised for trading 15 minutes after payment during business days (Monday to Friday) except from 11.15pm to 12.15am and from 5am to 9am. Funding outside of the business day will only be shown in your CFD account on the next business day (Monday). This feature does not include credit card funding.
Transaction Currency : SGD
Transaction Limit : Your banking limit
For SGD transfer, please refer to the bank details:
Currency SGD
Beneficiary Bank UNITED OVERSEAS BANK LIMITED
Beneficiary Name Phillip Securities Pte Ltd
Beneficiary Account no 451-311-493-6
Please ONLY enter 7 digits of your trading account number e.g. trading account “123456”, please enter “0123456”. Do note that if you key in any other than the 7 digits of the trading account number, the transfer may be delayed.

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.

Payment via FAST to Share Financing and Cash Trading Accounts made by 4pm will be reflected in your account next working day.

You can view the amount you have transferred via FAST after 15 minutes, by logging into the POEMS 2.0 platform. Under Acct Mgmt -> Live Cash Balance -> Intraday Cash Transaction.

You may see the same by logging into POEMS 2.0 > Trade > input a stock > click on the stock to open the trade window.


CFD
In addition to the 7 digits of trading account number, please append suffix “CFD” e.g. 0123456CFD for direct crediting into CFD account.

eNETS

Stocks ETF Bonds CFD Unit Trust Excess Funds Management
Description : Payment via eNETS
Transaction Fee : $0
Processing Time :

For stocks:
Amounts paid via eNETS can be utilised for trading 15 minutes after payment except from 11.15pm to 12.15am and from 5am to 9am. This feature does not include credit card funding.

For CFD:
Amounts paid via eNETS can be utilised for trading 15 minutes after payment during business days (Monday to Friday) except from 11.15pm to 12.15am and from 5am to 9am. Funding outside of the business day will only be shown in your CFD account on the next business day (Monday). This feature does not include credit card funding.
Transaction Currency : SGD
Transaction Limit : eNETS limit
Minimum Amount : SGD1,000
a) Login to POEMS 2.0 > Acct Mgmt > Deposit Fund; or
b) Login to POEMS Mobile app > Funding & Online Form

Electronic Payment for Shares (EPS)

Stocks ETF Bonds CFD Unit Trust Excess Funds Management
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.

Internet Bill Payment

Stocks ETF Bonds CFD Unit Trust Managed Accounts Excess Funds Management SBL
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.

Fund Transfer from DBS Bank Multi-Currency Account (Non-SGD)

Stocks ETF Bonds CFD Unit Trust Managed Accounts Excess Funds Management SBL
Description : DBS account fund transfer for Non SGD
Transaction Fee : $0
Processing Time : Up to 1 working day
Transaction Currency : USD, HKD, AUD, EUR and GBP
Transaction Limit : Your banking limit
Please refer to the bank details:
Beneficiary Bank DBS BANK LIMITED
Beneficiary Name PHILLIP SECURITIES PTE LTD-MCA
Beneficiary Account no 072-933506-0
Please enter 7 digits of your trading account number e.g. trading account “123456”, please enter “0123456”.

CFD
In addition to the 7 digits of trading account number, please append suffix “CFD” e.g. 0123456CFD for direct crediting into CFD account.

Telegraphic Transfer (TT)

Stocks ETF Bonds CFD Unit Trust Managed Accounts Excess Funds Management SBL
Description : An electronic method of transferring funds utilized primarily for overseas wire transactions.
Transaction Fee : Bank charge only for incoming funds / Bank charge +S$10.00 (Subjected to GST) 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)

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
  1. Open a CPF Investment Scheme (CPFIS) account with an agent bank (POSB/DBS, UOB, OCBC). For more details, please refer to CPF Website.
  2. Contact your trading representative to link your CPFIS Account to your trading Account.
  3. 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.
Remark: CPF trade type selection is only available for shares included under CPFIS

Managed Accounts (SRS only)

GIRO (General Interbank Recurring Order) – Shares

Stocks ETF
Description : Direct linkage to DBS/ POSB, UOB or OCBC
Transaction Fee : $0
Processing Time : D+2 on deduction and D+1 on payment
Transaction Currency : SGD
Transaction Limit : No limit
The bank will deduct the funds on the 2nd day after due date (D+2). Please ensure your bank account has sufficient funds by D+1.

For sales proceed, the bank will credit the funds on the next day after due date (D+1).

Fill in the GIRO application form to authorise the link between your trading account with us and your bank account.

Only available for Cash Trading Account.

GIRO (General Interbank Recurring Order) – Regular Saving Plan (RSP)

Unit Trust
Description : Fixed monthly transfer of funds from any bank accounts with GIRO facility in Singapore
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 (General Interbank Recurring Order) – Share Builders Plan (SBP)

Stocks ETF
Description : Fixed monthly transfer of funds from any bank accounts with GIRO facility in Singapore
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

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 > Acct Mgmt > Stocks > Online Forms > Withdrawal & Conversion > 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:

  1. Settlement of purchase contracts.
  2. Settlement of contra losses.

For such transactions, client will need to login to POEMS > Acct Mgmt > Stocks > Online Forms > Withdrawal & Conversion > 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 an administration charge of S$50 (subject to prevailing GST) will apply, effective 23 November 2023.
You can contact talktophillip@phillip.com.sg to arrange for a replacement. Please note that an administration charge of S$50 (subject to prevailing GST) will apply, effective 23 November 2023.
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.

Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you