Update: PayNow Transfer- Ready to Trade in 15 mins Interval

Hi all,

PayNow Transfer is now an available option to transfer funds to your Poems Account. Currently its the fastest method and will be processed during working hours between 9am-5pm.

From what i have notice and understand is that transfer via PayNow to CFD account. The funds will be updated in the CFD account within one hour. You should be able to see it in your CFD account.

However for the transfer of funds via this channel to other account types. The transfer is also almost instantaneous. You can only see it in your Poems account in the following working day.

Please do key in the write format for the transfer in order not to experience any delay.


Description:Payment via PayNow
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

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”.

CFD
For direct crediting into a CFD account, please add “CFD” in addition to the 7 digits e.g. 0123456CFD.
(All transactions will be processed during working hours between 9am – 5pm)

Please take Note:

Any “extra” information provided other than the prescribed format will require longer processing time as it will be rejected as the system.