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Anonymous

07 Jan 2021

∙

General Investing

Does POEMS allow me to withdrawal money into a DBS account not in my name?

I would like to withdraw funds from POEMS trading account into another DBS account that’s not in my name.

POEMS by PhillipCapital

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Kok Hong

07 Jan 2021

No, it's the same for all other financial institutions companies. Only can deposit and withdraw to your own account in your own name

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POEMS

06 Jan 2021

Hi, POEMS does not allow the withdrawal of funds to any third party. We will only transfer funds to a bank account held in the same registered name.

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POEMS by PhillipCapital

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0.08%

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STOCK HOLDING TYPE

Related Posts

If couple send money to an separate account under my name to maintain savings am I still need to declare the money in tax? Will I be liable to pay tax since the account is under my name?

How easy is it to withdraw money out of Singlife account? Will there be any charges if I withdraw money from ATM using their Debit card? How about online transfer out?

Are there advantages in having a fixed deposit account and a savings account? Why do some people put money into a FD account, instead of say, putting everything into a savings account (e.g. DBS Multiplier)?

Recently I have just created the DBS Multiplier account, should I transfer all my money from the Saving account to the Multiplier account?

I recently opened an SC jumpstart account, but I'm looking to study overseas in 2021 which requires more than $15k. Should I transfer this money into the SC account now or keep it in my current DBS account?

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