Payment Instructions

Here are the options for making payments for your trades:

1 Year Rolling Return*

MMF S$
p.a.
MMF US$
p.a.

Return (1 Month) Annualised#

MMF S$
p.a.
MMF US$
p.a.

Rates updated as of
*Based on 1-year rolling return, NAV/NAV prices.
#Based on the average rate of annualised returns over the last rolling one month.
Past performance is not necessarily indicative of future performance. View disclaimer

Fund it now

PayNow

Stocks ETF Bonds CFD Unit Trust Managed Accounts Excess Funds Management
Description : Payment via PayNow
Transaction Fee : $0
Processing Time : Payment via PayNow will be available for trading every 15 minutes, except 11:15pm to 11:45pm and 5am to 9am daily.
Transaction Currency : SGD
Transaction Limit : Your banking limit

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

You can make PayNow transactions via nine Paynow participating banks in Singapore – Bank of China, Citibank, DBS Bank/POSB, HSBC Bank, ICBC, Maybank, OCBC Bank, Standard Chartered Bank, and UOB Bank.

Log into the respective bank’s portal or app and enter UEN as shown above (for greater convenience you may add Phillip Securities Pte Ltd UEN to your banking recipient for subsequent payments).

Please enter ONLY 7 digits of trading account number e.g. 0123456 under “UEN/Bill Reference Number”. Do note that if you key in any other than the 7 digits of the trading account number, the transfer may be delayed.

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

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

FAST (Fast And Secure Transfers)

Stocks ETF Bonds CFD Unit Trust SBL Excess Funds Management
Description : Payment via FAST
Transaction Fee : $0
Processing Time : Payment via FAST will be available for trading every 15 minutes, except 11:15pm to 11:45pm and 5am to 9am daily.
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.

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 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

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
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.

Telegraphic Transfer (TT)

Stocks ETF Bonds CFD Unit Trust Managed Accounts Excess Funds Management
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)

Cheque

Stocks ETF Bonds CFD Unit Trust Managed Accounts Excess Funds Management
Description : Cheque payment
Transaction Fee : $0
Processing Time : Cheques deposited at the designated box on 6th floor @ Raffles City Tower by 3pm will be processed on the same day.
Transaction Currency : SGD*, USD*, 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).

For all Account types (except V and Futures Account) Payee to Phillip Securities Pte Ltd
For Share Financing (V) Account Payee to Phillip Financial Pte Ltd
For Futures and FX trading Payee to Phillip Futures Pte Ltd

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.
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
  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
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 : 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

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:

  1. Settlement of purchase contracts.
  2. 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.

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.
***HKD cheques must be drawn from a bank in Hong Kong and a courier fee of S$21 applies.