Phillip Futures Client Privileges

As a client of Phillip Futures, you will enjoy full access to exclusive seminars and daily market reports by our investment experts.

Please login with your Phillip Futures Account Number below.

Funds Deposit & Withdrawal

Funds Deposit & Withdrawal

Get details on transferring your funds in and out of your account

These are the following methods of funds deposits at your disposal for your trading transactions/margin call.

NETS Deposit

Please note that we only accept NETS deposit in SGD. NETS deposit service is available only at our Main Office from Monday to Friday, except Singapore public holidays.

Cheque Deposit

For Cheque Deposits at Phillip Futures Main Office
Please cross the cheque, strike-off bearer and make the cheque payable to “Phillip Futures Pte Ltd”. Do indicate your Phillip Futures Account number and contact number on the reverse side of the cheque. 

For Cheque Deposits to Phillip Futures Bank Accounts 
Similar to a cheque deposit to the Main Office, do cross the cheque, strike-off bearer and make the cheque payable to “Phillip Futures Pte Ltd”. For cheque deposit into the respective Phillip Futures bank accounts, do send an image of the cheque (front and reverse) to futures@phillip.com.sg. Our bank details can be downloaded from our website.

*Note:

  • Cut-off timing for next business day clearance: 1.00pm for SGD cheques and 9.00am for USD cheques. 
  • There is no charge for SGD and USD local clearing cheque
  • There may be bank charges for cheques in other currencies and cheque drawn overseas
  • Cash cheque is not accepted
  • Clearance of foreign cheque may take at least 1 week to a month. 

Bill Payment Service via DBS/POSB/UOB Internet Banking – SGD only

You can use your DBS, POSB or UOB account to do an internet banking transfer of funds to your Phillip Futures account. This is only applicable for Singapore Dollars.   

DBS/POSB 
Log in to Internet Banking → Pay →Pay Bills
Billing Organisation: PHILLIP FUTURES
Bill Reference: Your Phillip Futures account no. (e.g. ABC1234)

Once added successfully, you can go to “Bill Payment” to make the transfer to us. 

UOB 
Log in to Internet Banking →Pay and Transfer →Pay Bills
Billing Organization: Phillip Futures Pte Ltd
Bill Reference Number: Your Phillip Futures account no. (e.g. ABC1234)

Once added successfully, you can go to “Bill Payment → Pay Bill” to make the transfer to us. 

*Note: If you submit before the bank’s cut off time, the funds will be received by us the next business day. If you urgently need to deposit funds, you may wish to provide us a screenshot of your transaction reference so that we can credit you in advance.

Internet Bank Transfer/Fast and Secure Transfer (FAST)

Our bank details can be downloaded from our website. Do indicate your Phillip Futures account number under Reference/Remarks and email a screenshot of your successful transaction so that we facilitate the process for you.

Fund transfer from Phillip Group Accounts

You may transfer your excess funds from other Phillip accounts through POEMS. Please contact your trading representative or Phillip Securities at (65) 65311 555 or email talktophillip@phillip.com.sg to learn more.

Telegraphic Transfer (TT)/Cash Deposit Over Bank Counter

Customers can deposit funds via telegraphic transfer or do a cash deposit over bank counter. Please call our Marketing Desk at (65) 6538 0500 or email futures@phillip.com.sg  to obtain the TT Instructions. Our bank details can also be downloaded from our website. 

Do indicate the beneficiary name as Phillip Futures Pte Ltd and your Phillip Futures account number for reference. Please note that USD10 will be charged to your Phillip Futures account for incoming funds received through remittance.

Online withdrawal via POEMS

Log into POEMS → FUTURES or FOREX/GOLD → ACCOUNTS → ACCT MGMT → Withdrawal Form

  • Check on the currency to be withdrawn
  • Insert the amount you wish to withdraw
  • Select the Action (i.e. to withdraw in that currency selected or to convert)
  • Select the option of how you wish to receive your fund (Quick Cheque Deposit, collect cheque personally etc.)
  • Click "Submit" to confirm the transfer

Online transfer to Phillip Securities Account via POEMS

  • Check on the currency to be withdrawn (either SGD or USD)
  • Insert the amount you wish to withdraw
  • Select the Action (i.e. to withdraw in that currency selected or to convert)
  • Select the option “Internal Transfer within Phillip Group" and select your POEMS account no. If your POEMS account no. is not in the drop down list, select “Others” and insert the POEMS account no. that you want to transfer to
  • Click “Submit" to confirm

Note: If you wish to check if your withdrawal submission is successful, you may check under “Transaction History". The option can be found at the top left corner of the withdrawal page.

Complete the withdrawal form

You can download the form from our website. Alternatively you can obtain from our office or request from our Marketing desk at (65) 6538 0500 or email to futures@phillip.com.sg

  • The cut-off time for online withdrawal submission is 9.15am and hardcopy form is 10am, any submission thereafter will be processed on the next business day
  • Remittance charges will be borne by client and will be charged by banks processing the remittance. Phillip Futures does not charge any fees.

No. Phillip Futures will not accept any third party recipients of fund withdrawal from your Phillip Futures account. You can do fund withdrawals from your Phillip Futures account to your personal bank accounts.

We will require a minimum of 1 business day to complete your withdrawal request . For same business day processing, please note the following timings: 

Cut-off timings for same day processing

  • For online withdrawal: 9.15 am daily.
  • For withdrawal forms received via email or fax: 10.00 am daily.

If you submit your withdrawal request before the stipulated cut-off time, it will be processed within the same day. Else it will be processed on the next business day.

The funds in your Futures Account are segregrated from your funds in your Securities account. You can use the Online Withdrawal facilities in POEMS to transfer your funds between the two accounts if needed.

Banker’s Guarantee and Letter of Credit can be used as margin for Futures contracts.

However we do not accept Banker's Guarantee or Letter of Credit for margin on leveraged Forex/Bullion trades.

For further clarification please call our Marketing Hotline (+65) 6538 0500 or email futures@phillip.com.sg