Fund Transfer

When do I need to transfer fund after I have bought my shares?

  • Singapore and Malaysia shares
    • any time before 4th day 9pm
      e.g. buy on Monday (T+0), last day to sell or transfer fund is Friday (T+4)
  • US, HK and most foreign shares
    • any time before 3rd day 9pm
      e.g. buy on Monday (T+0), last day to sell or transfer fund is Thursday (T+3)
    • Refer to Phillip Global Markets for more info

How do I transfer the fund?

  • EPS - Electronic Payment for Shares
    • transfer fund from your bank to stocks account only
    • available for your bank account linked to POEMS only
    • linked POEMS account number will appear in your internet banking
    • if transaction is made before 9pm, it will update in POEMS next day 730am
  • Bill Payment
    • transfer fund from your bank to stocks account only
    • available for most bank accounts even if not EPS linked
    • if transaction is made before 9pm, it will update in POEMS next day 11am
  • eNets
    • transfer from bank to stocks or directly to CFD
    • log in poems > acct mgt > deposit fund > select stocks (C) or (CFD)
    • Minimum amount is $1000
    • during office hours 845am to 5pm, fund transfer will be updated same day, else it will be updated next day 11am













All posts and charts are for educational and illustration purposes only

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.