The internet bill payment function is similar to the one in maybank2u where ifast is listed as one of the payee

I'm not sure how it works if your bank account is outside of the 4 listed banks though but should be able to do normal transfer and send the transaction confirmation for them to process. My own experience is that the payment from bank doesn't get recorded as same day transaction. So I usually buy cash fund and then buy the equity or FI funds using cash fund

how to reload the cash fund acc ? can share ?

It works the same way as buying cash management fund in Malaysia

I usually buy Nikko AM Shenton Asia Bond S$(Cl A)(SGD) instead of cash fund as it yields 2.8% interest instead of 0.4% on cash fund, but prices do fluctuates for this short term bond

Means you can buy those parking facility funds like Nikko Bond via FPX -alike service from saving account in SG?

Yup. If you have a saving account in SG the experience would be very similar to FSM MY. It's only different if you TT money straight into FSM SG. Not sure how do you get back your money when you sell holdings

How about if you sell your parking facility funds? Can you sell it to your SG SA via giro just like MY version?

Actually how much does the TT charges and time lapse differ if you TT to SG SA then to FSM SG vs straight TT to FSM SG? Have you tried it before?

Let me try to help with that,...

When you sell yr holdings, the proceeds will drop into :-

1) your FSM Sgp Cash Account, into the appropriate currency wallet, OR;

2) your designated bank account in Singapore.

If your proceeds are in different currencies from the SGD, then the treatment will be different. Please ask again here if so. Don't wish to congest this thread,..

If you do not have a Sgp bank account, you can issue instructions to FSM to TT the funds to your designated bank account anywhere in the world, but this will incur charges,... it's better to have a simple savings account in Sgp if you wished to invest into FSM Sgp. The moment the funds drop into a savigs acct in Sgp, there are many ways to access those funds in a cheaper and quicker way, from anywhere in the world,...

Edited by adding the word : OR, above,...

This post has been edited by Hansel: Dec 5 2016, 10:44 AM

I've not tried the latter; always purchased through SG SA. So can't advise. Not sure how's the rates like if you TT direct to FSM SG

Anyway TT questions you have to ask other sifus. I've limited experience with that. My pool of SG fund is not exactly growing. Pain wei, converting at 3.13

So you can TT the money to your SG SA, and from there you can buy and sell in FSM SG with money from your SG SA just like the current practice in FSM MY, and this applies to any SA in SG?

Correct

And one slight difference is you can elect for distribution to be banked in to your account instead of reinvesting to existing holding as well

AIYH,

Correct. In addition, you can also TT into the cash mgmt acct INSIDE FSM SG directly if you wished to,...

To your second qustion,... I think you better check if can use all banks,... when I first opened my accounts in Sgp and started to plough my funds there 10 to 15 years ago, I recalled designated bank accounts are one from UOB, OCBC and DBS, ie their accts.. Now I remembered,... that's why I had to open a Maybank Sgp acct too to facilitate cheaper transfer of funds into SG. Then I would need to internet GIRO the funds over to DBS before placing the Buy Order.

Yes, that was it,... BACK THEN. I'm not sure anymore today,.. if FSM can pull directly from, say Maybank Sgp. Please call and ask them.

Yes to dasecret's statement,... but be very careful if you are going to receive divvies in other currencies besides the SGD. We can talk about that later here.

I asked them, they say maybank still cannot

Looks like need to find other banks that can allow to open SG SA without leaving KL

But can do normal transfer right and buy like money market fund righ?

This post has been edited by Ramjade: Dec 5 2016, 12:45 PM

I've not tried it but you should be able to just transfer the amount from your bank account into theirs. Please try and feedback on this thread

https://secure.fundsupermart.com/main/faq/faq.svdo?id=2409
FAQ 15
For Cash investments, you can do wire/Telegraphic Transfer as well. The bank account details for telegraphic transfer can be obtained after you have placed a buy order online.

Philips Singapore is so troublesome. Documents must be verified by commisioner of oath. They don't accept email application. Either sent by mail or walk in.

Exception is if walk in to their branch and apply.

Well good thing is they accept maybank Singapore AIYH

Philip or FSM accepting maybank?

They said for Singapore account can only by internet bill payment fROM certain banks listed

Philip. I will go for philip over FSM (FSM have platform fees while Philip don't have)

Submitted my forms for both Philips and DollarDex.

DollarDex seems alot more responsive than Philips.
Honestly I might forgo the extra 0.25% premium and go with DollarDex.

Does dollardex let you do application online?