Friday, March 2, 2012

e-Share Payment

e-Share Payment is an electronic settlement facility provided by all stockbrokers for the purpose of :-
  1. payment of share sales proceeds by the stockbroker directly into your bank account
  2. providing an option for you to initiate payment via e‐channels (e.g. internet banking, mobile banking, ATM, etc) or to authorize the banks where you maintain your bank account to allow the stockbroker to debit your bank account (auto debit) for the purpose of share purchases.
e-Share Payment eliminates the need to bank-in the cheques received from the sale of shares and also enable you to make online payments anytime from the comfort of your home.

Check with your broker (not the bank) if you are interested. Not applicable trading account opened with the bank.

For more information, download the FAQs here.

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