Funding and withdrawal

Please refer to the tables below for details of how to deposit funds into your account, and make withdrawals from it. If you use our Next Generation platform, you can access fuller details after logging in to your account. If you use our Marketmaker platform, please contact us directly if you need details further to those outlined below.

Funds Deposit – Singapore Dollar (SGD)

We can allocate funds only if your CMC account number is provided as outlined in the Notes column below. All times shown are in Singapore time.

Payment method (SGD)TimeCostsNotes
Corporate PayNowWeekdays, 8am – 11pm: Within 2 hours

Weekdays, 11pm – 8am: By 9am

Saturdays, Sundays and public holidays: By 9am on the next working day
NonePlease select “Unique Entity Number”
Enter: 200605050E
Entity Name: CMC MARKETS S’PORE CLIENT’S A/C 2 (this will appear if the correct UEN code is enter)
UEN/Bill Reference Number: 12345678 (your CMC account number must be entered here)

POSB/DBS Electronic Funds Transfer
Weekdays, 8am – 11pm: Within 2 hours

Weekdays, 11pm* – 8am: By 9am

Saturdays, Sundays and public holidays: By 9am on the next working day
NoneYour CMC account number must be entered in ‘My Initials’

For more details please log in to your account or contact us.
Non-POSB/DBS (GIRO)In 2–3 working daysNoneYour CMC account number must be entered in ‘Description’ or 'Payment Details'

For more details please log in to your account or contact us.
Non-POSB/DBS MEPS Funds TransferWeekdays before 4pm: On the same day

After 4pm or Saturday, Sunday or Public holidays: On the next working day
Your bank may charge a service fee for transferring fundsYour CMC account number must be entered in ‘Description’ or 'Payment Details'

For more details please log in to your account or contact us.
Bill Payment (POSB/DBS)In 1 working day
None

Your CMC account number must be entered in ‘My Initials’

For more details please log in to your account or contact us.
Cheque
If cheque is deposited before 3:30pm on a Weekday: After 2pm on the next working day

Saturdays, Sundays and public holidays: On the next working day after 2pm
NoneAfter depositing the cheque, send us a copy, scan or photo of the cheque showing your CMC account number

For more details please log in to your account or contact us.
ATM (Transfer)
Weekdays 8am–11pm, Within 2 hours
None
After transferring the funds, send us a copy, scan or photo of the receipt with your CMC Account number written on it, together with a bank statement that shows your name and the same account number as your ATM receipt if you have yet to register a bank account with us.

For more details please log in to your account or contact us
NETS (at our Singapore Office)9am–7pm, Monday–FridayNoneWe do not accept cash deposits
FAST PaymentWeekdays, 8am – 11pm: Within 2 hours

Weekdays, 11pm* – 8am: By 9am

Saturdays, Sundays and public holidays: By 9am on the next working day
NoneYour CMC account number must be entered in ‘Payment Description’ or 'Payment Details'

For more details please log in to your account or contact us.
Inward Telegraphic Transfer (overseas)In 2–3 working daysCharges of SGD$10 or its equivalent applyYour CMC account number must be entered in ‘Payment Description’ or 'Payment Details'

For more details please log in to your account or contact us.

Notes:
*For urgent funds deposit after office hours (11pm Singapore Time), please call 6559 6000. Funds will be allocated on a case by case basis. ATM funding will only be applicable up to 11pm Singapore time.
We do not accept cash deposited over the counter or ATM cash deposit.
If you fund your account after 8.30pm on the last business day of the month, this will be applied to your account on the following business day.

Funds Deposit – US Dollar (USD)
Effective 27 December 2017

We can allocate funds only if your CMC account number is provided as outlined in the Notes column below. All times shown are in Singapore time.

Payment Method (USD)TimeCostsNotes
UOB Telegraphic TransferIn 1 working dayPlease refer to UOB retail banking for any applicable tariffs
Your CMC account number must be entered in ‘Details for beneficiary’

For more details please log in to your account or contact us.
Non-UOB Telegraphic TransferIn 2–3 working daysSGD$10.00 + your bank’s service fees (if applicable)
Your CMC account number must be entered in ‘Details for beneficiary’

For more details please log in to your account or contact us.
DBS
(Over the Counter Transfer)
Within branch opening hoursSGD$ 5.00 flat
Your CMC account number must be entered in 'Details for beneficiary'

For more details, please log in to your account or contact us.
Non-DBS Telegraphic TransferIn 2–3 working daysSGD$10.00 + your bank’s service fees (if applicable)
Your CMC account number must be entered in ‘Details for beneficiary’

For more details please log in to your account or contact us.
ChequeIf cheque is deposited before 1pm on a weekday: After 2pm on the next working day

Saturdays, Sundays and public holidays: On the next working day after 2pm
UOB: No charge
DBS: No charge

After depositing the cheque, send us a copy, scan or photo of the cheque showing your CMC account number

For more details please log in to your account or contact us.

Notes:
For urgent funds deposit after office hours (11pm Singapore Time), please call 6559 6000. Funds will be allocated on a case by case basis.
We do not accept cash deposited over the counter or ATM cash deposit.

Funds Deposit – Hong Kong Dollar (HKD)
Effective 27 December 2017

We can allocate funds only if your CMC account number is provided as outlined in the Notes column below. All times shown are in Singapore time.

Payment Method (HKD)TimeCostsNotes
UOB Telegraphic TransferIn 1 working dayPlease refer to UOB retail banking for any  applicable tariffsYour CMC account number must be entered in ‘Details for beneficiary’

For more details please log in to your account or contact us.
Non-UOB Telegraphic TransferIn 2–3 working days
SGD$10.00 + your bank’s service fees
(if applicable)
Your CMC account number must be entered in ‘Details for beneficiary’

For more details please log in to your account or contact us.

Please note all charges for the currencies above are levied by the bank, as these are third party charges, they may change at any time without notice, it is possible in certain circumstances additional charges may apply.

Withdrawal Request

You can make a withdrawal by logging in to your account, accessing the Payments dropdown menu item, clicking on the Withdrawals tab, and following the on-screen instructions. Transferring funds to an account in Singapore typically take 1-2 working days and incurs no charge, while overseas telegraphic transfers can take 3-4 working days, and charges may be levied by the receiving bank. 

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CFD trading can result in losses that exceed your deposits. Ensure you understand the risks.