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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.

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
FAST Transfer (for all FAST participating banks)Immediate (subject to normal system checks) 
None


Set Up New Bank Recipient as one time set up
Recipient's Name:  (CMC Markets Singapore Pte Ltd – CMA)
Recipient's Account: 883003XXXZ
​Bank Code: 7153 (JP Morgan)                                                                                                   
On the actual transfer please indicate your CMC Markets trading account number under My initials/Comments for Recipients/Add Decscription for immediate crediting to your account 
Credit and Debit Card via Mastercard/VisaImmediate (subject to normal system checks) 2% Transaction Fees will be leviedLogin in to your NG account
Register your card for first time users on our NG platform
Please ensure that any payment you make to fund your account is from a card in your name
​Any payment from third-party sources will be returned
Funding is for the purpose of margin call and trading on our platform only

PayNow
Weekdays 8am – 6pm*
Within 2 hours

Weekdays 6pm – 8am
By 9am on the next work day

Weekends and PH
By 9am on the next working day.
NoneOption 1
Please use your ibanking app to scan the QR code
Click here for QR code
Please enter your CMC Markets trading account number in the UEN/Bill Reference
No. field

Option 2
Select PayNow as your payment or transfer option
Please 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 entered)
UEN/Bill Reference No: Please enter your CMC Markets trading account number in this field
Bank Transfer (POSB/DBS Account Holders)Weekdays 8am – 6pm*
Within 2 hours

Weekdays 6pm – 8am
By 9am on the next work day

Weekends and PH
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.
MEPS (SGD$)Weekdays before 4pm: On the same day

After 4pm or Saturday, Sunday or PH
On the next working day
Refer to remitting bank for chargesYour CMC account number must be entered in ‘Description’ or 'Payment Details'
Bill Payment (DBS Account Holders)In 1 working dayNoneYour CMC account number must be entered in ‘My Initials’
ATM (Transfer)Weekdays 8am–4pm
Within 2 hours

Weekends and PH
By 9am on the next working day.
NoneAfter 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)Weekdays 9am – 6pm*NoneWe do not accept cash deposits
Inward Telegraphic Transfer (overseas)In 2–3 working daysDBS Bank charges of SGD$10 or its equivalent appliesYour CMC account number must be entered in ‘Payment Description’ or 'Payment Details'

.Notes:
*For immediate funding 24 by 7 (subjects to normal system checks) please use FAST. Please contact our client services at 6559 6000 if you have any queries.
We do not accept cash deposited over the counter or ATM cash deposit.
Further documentary evidence may be requested for funding via credit cards.

Funds Deposit – US Dollar (USD)

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
Credit and
​Debit Card via Mastercard/Visa
Immediate (subject to normal system checks)2% Transaction Fee will be leviedLogin in to your NG account
Register your card for first time users on our NG platform
Please ensure that any payment you make to fund your account is from a card in your name
Any payment from third-party sources will be returned
Funding is for the purpose of margin call and trading on our platform only
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 daysBank charge of SGD$10.00 or its equivalent  + 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 hoursDBS Bank charge of SGD$ 5.00 flat
(within DBS only)

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 daysBank charge of SGD$10.00 or its equivalent + 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

Weekends and Public Holidays: After 2pm on the next working day.
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 (6pm 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.
Any deviation of bank charges from DBS/UOB bank, bank rates prevail.

Funds Deposit – Hong Kong Dollar (HKD)

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. 

Funds not intended for trading may be returned to source rather than the preferred withdrawal destination, and may be subject to delays.

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