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Anonymous
I currently have a 50SGD stock voucher. How and when do I use it?
Can I trade in the US market or can it only be used for SG stocks?
Is it automatically applied or must I click anything to apply the voucher?
Can it only be used when market is open or can also be used for pre & post market?
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Nicholas Beh
03 Mar 2021
Student Ambassador 2020/21 at Seedly
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You just choose a stock and make a trade for it. The total amount will be deducted from your Tiger Brokers account and after a few days (i cant remember how many days it took), it will be rebate back to you the amount of the stock voucher.
Do take note that even if the stock voucher is in sgd, if you do a us stock trade, it will rebate the equivalent amount back to you.
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If you prefer a step-by-step guide with screenshots, check out this post.
You can check the status of your vouchers at the Rewards Center, which can be accessed through Me - Promotions & Rewards on the mobile app. On the desktop app, click on the gift icon at the top right hand corner.
Most vouchers are automatically applied to your account, but some require you to manually reedeem them in the Rewards Center. Simply click on "collect" and they will become active in your account.
To use the voucher, just buy some stock as per normal, but be sure that the purchased amount is equal to or more than the value of the voucher. If you have a $50 voucher but buy only $30 of stock, then you will only get $30 back.
US markets are supported as well but the exchange rate that Tiger uses for their vouchers is a terrible 1.41. You will be credited in the currency that you paid with. I have friends that buy a fairly low volatility SGX-listed ETF (due to lot size and no minimum commission) and then sell it off once they received their cash. The voucher itself specifies which markets and products it can be used on. Premarket and postmarket orders are eligible for rebate.
If you have multiple vouchers, do note that they do not stack and each voucher can only be applied to 1 transaction. They also do not become active immediately, and you will typically have to wait about 5 minutes before it is usable. Make sure that the voucher you used disappears before using another.
The rebate will be credited to your account within 14 working days, but in my experience it is typically 1 or 2 working days.βββ