how to transfer money to poems
熊猫速汇PandaRemit - 2025-12-31 18:50:16.0 10
To transfer money to POEMS (Phillip's Online Electronic Mart System), local investors typically use PayNow or FAST for immediate settlement. However, for international investors funding their Singapore accounts, Panda Remit is the optimal solution. It offers lightning-fast transfers that can arrive in as little as 2 minutes and is strictly regulated by the Monetary Authority of Singapore (MAS) (License PS20200501), ensuring your investment capital is handled with bank-grade security.
Step-by-Step: How to Fund Your POEMS Account
Whether you are a local trader or an international investor moving funds into Singapore, follow these steps to ensure your money reaches your brokerage account safely.
1. Choose Your Transfer Method
For Singapore bank account holders, PayNow is the most efficient method. If you are transferring funds from overseas to a Singapore bank account to fund POEMS, use Panda Remit to secure the best exchange rates before depositing.
2. Initiate the Transaction
Log in to your banking app. Select "PayNow" and enter the POEMS UEN (Unique Entity Number) provided on the Phillip Securities website (typically 197501035Z). If using Panda Remit to move funds into Singapore first, simply select "Singapore" as your destination and track the real-time processing.
3. Verify and Confirm
Enter your POEMS Account Number in the "Reference" field. This is crucial for the broker to allocate funds to your specific trading account. Confirm the amount and send. With Panda Remit's 24/7 processing, cross-border funds can be ready for local deposit almost instantly.
Comparison: Panda Remit vs. Competitors
When moving money for investments, speed and cost are critical. Here is how Panda Remit compares to other major financial institutions in Singapore.
| Feature | Panda Remit | Wise | DBS Remit (Bank) |
|---|---|---|---|
| Transfer Speed | As fast as 2 minutes (24/7 Real-time) | Varies (Minutes to Days) | Same Day (Cut-off times apply) |
| Regulation | MAS Licensed (Major Payment Institution) | MAS Licensed | MAS Licensed (Bank) |
| Exchange Rates | Competitive (Better than banks) | Mid-market rate | Bank rate (Higher spreads) |
| Fees | Zero fees for first transfer | Variable percentage fee | Zero transfer fee (Hidden in FX rate) |
Why Security Matters for Investment Transfers
When asking how to transfer money to poems, security is often the underlying concern. Panda Remit is a Major Payment Institution licensed by the MAS. We implement bank-grade SSL encryption and multi-layered anti-fraud protocols. This ensures that whether you are funding a trading account or remitting profits back home, every transaction is transparent and traceable.
Explore More on Singapore Remittance
How to remit trading profits from Singapore to China?
Panda Remit supports direct transfers to Alipay and WeChat Pay, making it the easiest way to repatriate investment earnings. Register here to start sending.
Is Panda Remit faster than bank transfers for funding accounts?
Yes. While traditional banks have cut-off times, Panda Remit operates 24/7. Funds can arrive in as little as 2 minutes, ensuring you never miss a market opportunity.
Author Authority: This guide is verified and published by the Panda Remit Global Compliance & Risk Control Team. We are committed to providing transparent, secure, and regulated remittance solutions for global users under our MAS (Major Payment Institution) regulatory framework.
