Is EPS automatically linked to my bank account if I have not opened a brokerage account yet? Is it the same as my bank account if I've been receiving coupons from SSB?

Hi anon,

EPS is a method for transferring money between your bank account and your trading account.

When you are being asked for your EPS account number, you actually just need to specify a bank and bank account number. For POEMS, you may use any of the 3 local banks plus Maybank. Any of these banks can be your designated EPS bank account.

It does not need to be the same bank that you are receiving your SSB coupons.

Electronic Payments for Shares (EPS) account is your bank account that you want to use for paying for SG stocks. This need to be linked to your brokerage account before you can use ibanking or ATMs to pay for your transactions with the stockbroker.

https://www.poems.com.sg/payment/#eps

The account that you receive coupons from SSB is the bank account that you provided to SGX CDP to credit your dividends to under the Direct Crediting Service (DCS).

https://www2.sgx.com/apply-services

You can use the same account if that is your main banking account.