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Getting Started - Investment

Investment and Savings

No. We are currently accepting only SGD.

Investment and Savings

Yes, you can. However, we do not accept applications from the following nationalities:.

  1. United States of America Citizen/Permanent Resident/Tax Resident
  2. Citizens from Afghanistan, Angola, Bosnia, Democratic Republic of the Congo, Eritrea, Guinea Bissau, Haiti, Herzegovina, Iran, Iraq, Laos, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, Turkmenistan, Uganda, Uzbekistan, Vanuatu, Venezuela and Yemen.

Please note that this list may be updated from time to time.

Investment and Savings

Yes, you can. Please take note that your investment account has to be funded from a Singapore registered bank under your own name. However, we do not accept applications if you reside in or have tax residencies in any of the following countries.

  • Afghanistan, Albania, Algeria, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Azerbaijan, Bahamas, Bangladesh, Belarus, Belize, Benin, Bolivia, Bosnia-Herzegovina, Botswana, Brazil, Burkina Faso, Burundi, Cameroon, Cambodia, Cape Verde, Central African Republic, Chad, Columbia, Comoros, Congo (Brazzaville), Congo (The Democratic Republic), Cook Islands, Costa Rica, Cote D’Ivoire, Cuba, Curacao, Cyprus, Djibouti, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Iceland, India, Iran (Islamic Republic of), Iraq, Jamaica, Kazakhstan, Kenya, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Laos, Latvia, Lebanon, Liberia, Lesotho, Libya, Liechtenstein, Macau, Madagascar, Malawi, Maldives, Mali, Marshall Islands, Mauritania, Mexico, Moldova, Mongolia, Monaco, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Nicaragua, Niger, Nigeria, Niue, North Korea, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Russian Federation, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Somalia, South Sudan, Sri Lanka, St Kitts & Nevis, Sudan, Swaziland, Syria, Tajikistan, Tanzania, The Southern Philippines, The Sulu/Sulawesi, Seas Littoral, The Trans-Sahara, Timor-Leste, Togo, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United States of America, Uzbekistan, Vanuatu, Venezuela, Vietnam, West Bank (Palestinian Territory, Occupied), Yemen, Zambia, Zimbabwe

Please note that this list may be updated from time to time.

Investment and Savings

Please do an online bank transfer from your bank account via FAST or PayNow to our custodian’s bank account. On average, it takes within one (1) business day for funds to be received by our custodian, upon which you will be notified. Until then, the funds will not be reflected in your account. To avoid delay, you MUST use FAST or PayNow and indicate the Reference Code, even if the bank says it is optional.

  1. Transfer Details (FAST Payment) 
    • Recipient’s Name: IFASTFINANCIALPteLtd
    • Bank Name: Standard Chartered Bank (Singapore)
    • Bank Account No.: 0102046042
    • Reference Code: Refer to the unique code tied to your account when you submit a new request
  2.  Transfer Details (PayNow)
    • Unique Entity Number (UEN): 200000231RAIY
    • Entity Name: IFAST FINANCIAL PL-CT SUB
    • Reference Code: Refer to the unique code tied to your account when you submit a new request.

The monies will be deposited into your Cash Account. To avoid delay, you MUST indicate the “Reference Code” in the “Remarks/ Descriptions/ Comments/Bill Reference number” of your fund transfer, even if the bank says it is optional

Investment and Savings

The Cash Account is an online cash management service by iFAST Financial Pte Ltd which facilitates online transactions (please refer to General Question on who iFAST Financial is). The monies in your Cash Account are held with Standard Chartered Bank-iFAST Client Trust Account. The Cash Account pays an interest of 0.55% per annum (rates are subjected to change). The interest is accrued daily, compounded monthly and credited on a quarterly basis into your Cash Account.

Investment and Savings

  1. Visit our “Investment page”  to discover which portfolio is suitable for you.
  2. Create your MoneyOwl Investment Account with Myinfo or enter your personal details manually. You are required to upload the following documents if you choose not to use MyInfo:
  • NRIC/ Passport
  • Proof of residential address if applicable (g. bank statement or utility bill within 3 months old)
  1. After logging in to your MoneyOwl Account, click on Start Investing under the Investment & Savings Card and follow the on-screen instructions.
  2. Once your Investment Account is approved, you can start investing
  • Transfer monies into your Investment Cash Account to start investing
  • For SRS investments: Please ensure there are sufficient monies in your SRS Agent Bank as your buy order will be triggered immediately.
  • For CPF OA investments: Please ensure there are sufficient monies in your CPF Ordinary Account for the buy order.

Do note that there will be a charge of $5+GST by your Agent bank if there were insufficient  funds in your CPF OA to process the buy order. We recommend leaving a buffer of $30 of your CPF Investible Amount for the deduction of any agent bank fees.

Investment and Savings

The minimum one-time and monthly investment amounts for our portfolios are listed below:

  • Dimensional Portfolios
    • One-time Investment Amount: $100
    • Monthly Investment Amount: $50
  • WiseIncome Portfolios
    • One-Time Investment Amount: $1,000
    • Monthly Investment Amount: $100
  • WiseSaver Portfolios
    • One-Time Investment Amount: $10
    • Monthly Investment Amount: $10

Investment and Savings

Anyone 18 years old and above can open an Investment Account.