FSM Global (FSMOne) Referral Code P0306248: Up to S$58 Cash for New Accounts

FSMOne is now called FSM Global, and the sign-up reward for new accounts is the Welcome Rewards: up to S$58 in cash, paid into your FSM Cash Account. I read through FSM Global's Welcome Rewards terms and the referral FAQ properly, because the S$58 only lands if you get one specific step right (the RSP).

👉 Referral code: P0306248
👉 Referral link: https://fsm.global/sg/signup/personal/P0306248 (the code is already in the link, so open it before you register)

Full disclosure, the code and link are mine. I keep the full breakdown, steps and FAQs on DLCuration's FSM Global referral page: https://dlcuration.com/fsm-one-global-referral-...

What a new account actually gets

All of this has to be done within 40 days of opening the account:

1. S$18 for opening the account
2. S$10 for a net deposit of S$1,000 (instalments are fine, and you can invest the money)
3. S$10 for each Regular Savings Plan (RSP) type you set up and get deducted:
   • Unit Trusts (funds): S$10
   • ETFs: S$10
   • Managed Portfolios (MAPS): S$10

So it works out as:

• S$38 with one RSP type
• S$48 with two RSP types
• S$58 with all three

How I'd do it, step by step

1. Open https://fsm.global/sg/signup/personal/P0306248 first. If the form shows a Referral field, check it reads P0306248.
2. Sign up with Singpass MyInfo for instant approval (Singaporeans and PRs). Manual sign-ups take 1 to 2 business days. Opening is free and there's no minimum balance.
3. Deposit S$1,000 from your bank within the 40 days.
4. Set up an RSP early. ETF RSPs start from S$50 a month with 0% processing fees, which is the cheapest way to tick the box. Add a fund RSP and a MAPS RSP if you want the full S$58.
5. Keep at least S$1,000 across your cash account and investments until day 40. The cash is credited within 4 weeks after day 40.

Things that can cost you the reward ⚠️

• ✅ No RSP, no reward. The S$18 and the S$10 deposit reward are only paid if at least one RSP is set up and successfully deducted inside the 40 days. Opening the account and depositing alone earns S$0.
• ✅ Don't withdraw before day 40. FSM's own example shows someone who withdrew S$500 and got nothing.
• ✅ SRS and CPFIS money doesn't count. Use cash for the deposit and the RSPs.
• ✅ Two RSPs in the same type count once. Two ETF RSPs is still S$10, not S$20.
• ✅ You must be new. The reward is for new Personal, Corporate or Beneficiary accounts, and you can't have cancelled an FSM Global account in the 12 months before. Existing clients only qualify by opening a new Beneficiary account.
• ✅ One reward per account, and accounts can't be combined.

Who can use it

• New FSM Global account holders, 18 or older for a Personal account
• Not open to US citizens or residents
• The code is an FSM Global account number. If you typed it wrong, email [email protected] with the correct one

Worth knowing

FSM Global lists a permanent 0% sales charge on unit trusts, ETF trades from S$3.80 flat on SGX and SGX stocks at S$8.80 flat (before GST). It also runs separate cashback promos on top of the Welcome Rewards from time to time, so check the Current Offers page once your account is open.

The honest caveat

FSM Global is the consumer arm of iFAST Financial, which holds MAS Capital Markets Services and Financial Adviser licences. It's a platform, not a bank, so the FSM Cash Account isn't covered by deposit insurance, and investments can lose value. FSM Global can change the Welcome Rewards terms at any time, so read the current terms before you deposit. If something here no longer matches, the DLCuration page linked above is where I update the numbers.

Not financial advice. Just sharing how I'd go about it if I were opening an account now.