Buy Now, Pay Later
Are you frustrated with other unit trust providers that place your orders only after you have made payment? Do you prefer to time your entry into a particular fund?
Place an order through POEMS and your order will be transacted on the same day!* Upfront cash payment is not required for orders submitted through POEMS.
*Note: Orders must be placed before the cut-off time each day i.e. 3pm. Orders placed after 3pm will be executed on the next business day. On the eve of certain holidays, the cut-off time will be 12pm.
How do I make payment for my unit trust?
- Via bank ATM/internet banking facility:
- Electronic Payment for Shares (EPS) – Lump Sum Payment
(preferred option); or - GIRO, if you have applied for it. (Not applicable for Cash Management Accounts)
- Electronic Payment for Shares (EPS) – Lump Sum Payment
- Via cash or cheque payment:
- Send us a cheque; or
- Make payment by cash at our main office cashier – Raffles City Tower
Note: Nets and Credit card payments are not accepted. Payment for trades cannot be made at any of the branches.
- Via Bank Internet Banking service:
- Make payment via the Bill Payment function –
- Participating banks: POSB/DBS, UOB, OCBC, MayBank, Standard Chartered Bank, Citibank
- Simply enter the full 7 digits of your trading account number.
If your account has less than 7 digits, please enter the relevant number of zeros before your account number e.g. trading account
“12345” to be entered as “0012345”
Note: It usually takes 2-3 working days for us to receive your payment. For Citibank bill payment, it will take 5-7 working days.
- Make payment via the Bill Payment function –
*Note:
- EPS – Lump Sum Payment should be done by 9pm on T (Transaction) day.
- For existing DBS/POSB GIRO applicants with Phillip Securities, deduction will be caried out on T + 1 day after 3.00 pm.
- Online Bill Payment via internet banking should be performed on T day.
- All cheques/cash payments must reach cashier latest by 5pm on T+2 day.
- Investment Account (Margin/Custodian/PCMA) clients should ensure that there are sufficient funds in their accounts before submitting orders.
- Before the use of CPF-OA money to trade, please ensure that a standing instruction with your CPF investment bank is signed and CPF Investment account Number submitted to Phillip Securities.
- Phillip Securities Pte Ltd reserve the right to force sell any outstanding purchases. Any losses incurred shall be borne by clients.
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Important:
Phillip Securities Pte Ltd reserves the right to force-sell any purchases made by you if payment is not received within reasonable time span. Any losses incurred shall be borne by you.