You can automate your investments by setting up a standing instruction (recurring transfer) directly with your bank. This authorizes your bank to automatically transfer a fixed amount to your Syfe Brokerage account at a frequency you choose (e.g., monthly).
There is no minimum investment amount required when setting up a standing instruction in SGD.
Step-by-step guides by bank:
To set up a standing instruction, log in to your online or mobile banking app and follow your bank’s steps to create a recurring transfer.
For detailed instructions, please refer to the following links:
- Standing instruction for DBS / POSB
- Standing instruction for OCBC
- Standing instruction for UOB
- Standing instruction for Standard Chartered
Will there be any additional charges for recurring transfers?
Syfe does not charge any additional fees for recurring transfers. However, please check with your bank as they may apply transaction-related charges.
How do I amend or cancel my standing instruction?
Syfe does not have access to modify or cancel standing instructions created with your bank.
To amend or stop a recurring transfer:
- Log in to your bank’s online or mobile banking platform.
- Follow your bank’s steps to edit or cancel the standing instruction.
If you need further assistance, please contact your bank directly, as processes may differ across institutions.
Important note:
Making a full withdrawal from your Syfe account does not automatically cancel your standing instruction. You will need to manually cancel it via your bank to stop future transfers.
