Subscription Fund
Can I directly transfer money from my bank account to subscribe to funds?
Yes, you can. Tiger Broker (Singapore) collaborates with banks to provide authorized transfer service (DDA real-time deposit).
How to use:
Click on the details page of any fund you want to subscribe to > click the "Subscribe" button
Click "Payment Method" on the purchase page.
Add the DDA bank account you want to use in the pop-up payment method window. You will see the maximum amount per transaction below your bank account.
If you have not bound a bank card that supports DDA, please select "Add Bank Account" and follow the instructions on the page to go through the card binding process.
After all of the above, you will be on the following page:
If this purchase involves foreign currency exchange, "Auto-Converted Allowed" would show up below your selected bank account.
Type in the amount that you want to subscribe to. You can refer to the minimum starting amount of deposit currency and estimated amount of converted currency below "Subscription Amount".
Click Additional Terms for Fund Services and Risk Disclosure. After reviewing it, please check the box ahead.
Click "Submit Subscription".
Now you can complete the fund subscription through DDA.
If the debit currency of my bank account is A, can I purchase currency B funds? If so, what is the exchange rate used for my subscription?
Yes, you can. The debit currency of bank card is SGD, and you can subscribe to SGD funds or exchange currency to subscribe for funds in other currencies.The real-time exchange rate of the order is used, and the actual exchange rate of the order is subject to the details of your order.
Regular saving plan (RSP)
Can I set regular savings plan (RSP) to purchase funds by transferring money from my bank account?
Yes, you can. Tiger Broker (Singapore) cooperates with banks to provide authorized transfer service (DDA real-time deposit).
How to use:
Click on the details page of any fund you want to subscribe > click the "RSP" button
After that, you will be on the page below:
Type in the amount that you want to subscribe to. You can refer to the minimum starting amount of deposit currency and the estimated amount of converted currency below "Subscription Amount".
Click "Payment Method" on the RSP purchase page> add the DDA bank account you want to use in the pop-up payment method window. You will see the maximum amount per transaction below your bank account.
After all of the above, you will be back to the purchase page. If this purchase involves foreign currency exchange, "Auto-Converted Allowed" will appear below your selected bank account.
Click "Frequency">select the frequency for your RSP by rolling the tab into the dark grey area.
Click Agreements and Risk Notice. After reviewing it, please check the box ahead.
Click "Submit RSP". Now you can complete the set of RSP to purchase funds by transferring money from your bank account.
You can also check it in your "RSP Details" page.
Can I reinvest through transferring money through my bank account if I fail to place a singe RSP order?
Yes, you can reinvest through DDA within 7 natural days.
How to reinvest:
Click the "Re-invest" button below your failed order.
Type in the RSP amount and click "Payment Method" to select the DDA bank account that you want to use.
Click Agreements and Risk Notice. After reviewing it, please check the box ahead.
Click the "Re-invest" button.
If I deposit SGD into my bank account, what exchange rate will be used when I set RSP to purchase funds in other currency?
In order to avoid the failure of the deduction order due to exchange rate fluctuations, the minimum purchase amount of the RSP will be adjusted by the reference exchange rate when DDA exchanges currency to complete the RSP, and the actual order exchange rate is subject to the details of your order.
For example, Client A purchases a USD fund through DDA, and the minimum purchase amount of the target is 100.00 USD. The highest exchange rate of USD/SGD in history was 3.061 (rounded up to 4.0). In this case, the minimum purchase amount of the target through DDA is 100.00USD*4.0=400SGD.