Payment Methods
Most of our are denominated in Singapore Dollar (SGD). We accept payment in Singapore Dollar (SGD), US Dollar (USD), Australian Dollar (AUD) and Euro Dollar (EUR) and we will do the conversion for you accordingly.
Payment can be made in the following ways:
Wire / Telegraphic Transfer
Payment instructions will be available at the confirmation page of the buy process. If you need help, drop us an e-mail at clienthelp@fundsupermart.com. Note that bank charges will be incurred for Wire / Telegraphic Transfer.
Foreign cheque is not advisable due to higher bank charges incurred and a longer clearance time before the order can be processed.
If you are a foreigner staying in Singapore, you may choose to make payment with your Singapore bank account (for Singapore Dollars only)
Cheque
Payee
"iFAST Financial - Client Trust Account"Please also include your FSM account number at the back of your cheque and mail the cheque to us at
10 Collyer Quay, #26-01
Ocean Financial Centre
Singapore 049315
Internet Bill Payment
If you have a DBS, SCB, OCBC or UOB Internet bank account, you may choose to pay using the bank's Internet Bill Payment service.
At the end of your purchase at FSM Global, click on "Internet Payment". This will direct you to your internet banking login page.
Select iFAST Financial Pte Ltd as the payee, and key in your FSM account number. We will process the transaction upon receiving confirmation of the payment by the next working day.
Bank Drafts
Make the bank draft payable to
iFAST Financial - Client Trust AccountPlease note that we only accept bank drafts from the following banks
- Bank of China
- Citibank
- DBS Bank
- Hong Kong and Shanghai Bank Corporation (HSBC)
- OCBC Bank
- Standard Chartered Bank
- UOB (United Overseas Bank Ltd)
Kindly include your FSM account number for reference.
Parking Facility Options: Better Returns + Transactional Speed
- Better Returns + Ability to quickly transact for your next investment moves
- Choose the Cash Account and other Parking Facility Funds here
Selling From Your Account
When you execute a 'Sell' transaction to sell your funds, we can arrange to remit the sales proceeds back to your bank account in USD or SGD. At the moment, we do not remit any other currencies internationally. Any telegraphic transfer charges incurred will be deducted from your sales proceeds.
Alternatively, you may choose to use the sales proceeds to purchase the parking funds.
Click Here for more detailsTaxation
Both capital gains and dividends for unit trust investments are not taxable in Singapore. However, it is advisable to check with your own tax consultant if it is taxable in your country.
Restrictions on funds for US, UK and Canada citizens / residents
The restrictions apply to both lump sum investing and Regular Savings Plans (RSP).
US Citizens / Residents
Most funds listed in Singapore have restrictions for US Citizens / Residents, thus you are advised to check with your tax advisers before investing in them.
This also applies if the applicant of your Beneficiary Account is a US Citizen / Resident.
Irish Citizens / Residents
Irish residents are restricted from investing into the Legg Mason Value Fund only. All other funds from Legg Mason will still be available to Irish Citizens / Residents.
This also applies if the applicant of your Beneficiary Account is a Irish Citizen / Resident.
Canada Citizens / Residents
Canada residents are restricted to invest into all funds managed by Franklin Templeton Investments.
This also applies if the applicant of your Beneficiary Account is a Canada Citizen / Resident.