Ad hoc Share Payment FAQs

View all Deposits & Banking FAQs

  1. What is Ad hoc Share Payment service?
  2. Which stockbroking firm(s) can I make payment to?
  3. How can I start using the Ad hoc Share Payment service?
  4. What is the difference between paying a lump sum and by contract?
  5. Are the payments effected immediately?
  6. Can I make a payment without having maintain in Update Payee List?
  7. What is the maximum amount for share payments per day?
  8. Is the Ad hoc Share Payment service free?

  1. What is Ad hoc Share Payment service?

    This service enables you to pay for your share purchase via our e-Channels, that is, ATM, Cash Deposit Machines and Maybank Online Banking.

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  2. Which stockbroking firm(s) can I make payment to?

    You can make payment to your share trading account maintained with

    • CIMB Securities (Singapore) Pte Ltd
    • KGI Securities (Singapore) Pte Ltd
    • Lim & Tan Securities Pte Ltd
    • Maybank Kim Eng Securities Pte Ltd
    • Phillip Securities Pte Ltd

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  3. How can I start using the Ad hoc Share Payment service?

    You need to have a Savings, Current or PremierOne Account with Maybank. With your Maybank account, you can then select your preferred e-Channel to access this service.

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  4. What is the difference between paying a lump sum and by contract?

    Lump sum
    You can pay for your shares by specifying the amount you wish to pay and the share trading account to pay to. Your stockbroking firm will then determine which outstanding contracts to settle with the payment.

    By contract
    You can specify the share trading account and the specific contract that you wish to pay for.

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  5. Are the payments effected immediately?

    No, please allow 2 working days for your payments to be credited to the respective accounts with your stockbroking firm.

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  6. Can I make a payment without having maintain in Update Payee List?

    As a security measure, you are required to maintain a payee in Update Payee List before able to make a payment

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  7. What is the maximum amount for share payments per day?

    The default limit is S$30,000 per day per customer to each of the stockbroking firms. If you wish to increase your share payment limit up to a maximum of S$200,000 to each of the stockbroking firms, please mail us the completed Daily Transaction Limit Update Request Form (PDF). For immediate update of your Daily Transaction Limit, please login to Maybank Online Banking.

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  8. Is the Ad hoc Share Payment service free?

    This is one of the many convenient services we are providing to our valued customers, free of charge.

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