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.

  1. 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)
  2. 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.

  3. 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.

*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.