At FSMOne.com, we believe clients should have easy access to cash with competitive yields and smart features. Be empowered with FSM Cash Solutions to manage your cash and investments easily as we show you how you can take advantage of these features by navigating the new FSM Cash Solutions feature!
Let’s Begin!
Step 1: Log in to your FSMOne.com account.
Step 2: Click on “CASH SOLUTIONS” on the red menu bar.
You will now be directed to the following screen where you can view your consolidated available balance in your FSM Multi-Currency Cash Account (including a balance breakdown in each currency) as well as your FSM Auto-Sweep Account.
FSM Auto-Sweep Account (SGD)
In the first row of the table, you will see your FSM Auto-Sweep Account.
By default, the FSM Auto-Sweep Account is not activated. In order to activate it and benefit from its features, simply opt in here. When you do so, dividends and coupons received in SGD will be swept into your FSM Auto-Sweep Account to help you earn potentially higher returns than the interest rate generated by the FSM Multi-Currency Cash Account. Furthermore, you can still transact all types of investment products with no lag time via the FSM Auto-Sweep Account.
Clicking on the button labelled “Click for Instant Enrolment” or “Opt in Now” will mean you have opted in for the Auto-Sweep Account.
For more information about the Auto-Sweep Account, click here.
Once you have opted in for the FSM Auto-Sweep Account, the following actions will be available to you.
Deposit into the FSM Auto-Sweep Account
You can top-up your FSM Auto-Sweep Account easily by creating a deposit instruction of minimum SGD 50. The same goes for withdrawals with a minimum of SGD 50. You can also easily transfer your monies between your FSM Auto-Sweep Account and your FSM Multi-Currency Cash Account.
Withdrawal from the Auto-Sweep Account
Clicking on the “Withdrawal” option allows you to determine the amount you wish to sell.
Select the account from which you would like to withdraw from, enter the withdrawal amount and enter your bank account details if you would like to have your withdrawals to be directly credited into your bank account.
Do note that updates and changes to the banking information may take up to 3 working days to take effect.
Transfer from the Auto-Sweep Account
The “Transfer” option currently allows you to transfer funds between your FSM Cash Account (SGD) and the FSM Auto-Sweep Account and vice-versa.
Opt In To The FSM Auto-Sweep Account
Find Out More About The FSM Auto-Sweep Account
Visit FAQ On The FSM Auto-Sweep Account
FSM Multi-Currency Cash Account
The highlighted section relates to your FSM Multi-Currency Cash Account.
The FSM Multi-Currency Cash Account is the location from which payment for your investments will be made. In order to begin investing, you will need to deposit money into your FSM Multi-Currency Cash Account.
Deposit into the FSM Multi-Currency Cash Account
The fastest way to deposit money into your FSM Cash Account (SGD) is to make the deposit via FAST Transfer or PayNow UEN. The money received will be reflected in your FSM Cash Account (SGD) balance within approximately 15 minutes (except on Sundays and Public Holidays), subject to a daily limit of S$50,000
For specific information about funding your FSM Multi-Currency Cash Account via FAST Transfer and PayNow UEN, or other methods to funding your FSM Multi-Currency Cash Account, head over to “Making Payments”.
Withdrawal from the FSM Multi-Currency Cash Account
Clicking on the “Withdrawal” option allows you to determine the amount you wish to sell.
Select the account from which you would like to withdraw from, enter the withdrawal amount and enter your bank account details if you would like to have your withdrawals to be directly credited into your bank account.
Do note that updates and changes to the banking information may take up to 3 working days to take effect.
Transfer from the FSM Multi-Currency Cash Account
The “Transfer” option currently allows you to transfer funds between your FSM Cash Account (SGD) and the FSM Auto-Sweep Account and vice-versa.
FX Conversion
The “FX Conversion” option is where the “Multi-Currency” part of the Cash Account begins. This option is where you to convert the available balance in your Cash Account to other currencies. The rates you see are real-time and will be confirmed when your order is successful, based on the time of order confirmation via email.
To exchange currencies, click “FX Conversion” and you will be taken to the following screen.
Once you have entered the amount you wish to transfer in the Exchange Amount box, enter your password for verification at the bottom and hit the Exchange button.
You can now begin to trade and invest in products denominated in the currency you have chosen to exchange.
Did You Know? - All currencies in the FSM Multi-Currency Cash Account allow you to earn interest simply by having money in your cash account!
How to Deposit Into the FSM Multi-Currency Cash Account
Find Out More About
The FSM Multi-Currency Cash Account
Visit FAQ On The FSM Multi-Currency Cash Account
For any enquiries, you can contact us at:
Customer Service Hotline: 6557 2853
8:30am to 10:30pm, (Mondays to Fridays except Public Holidays)
8:30am to 12:30pm, (Saturdays except Public Holidays)
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