Successfully funding your uSMART Securities account enables participation in global markets. This comprehensive guide explores optimized deposit methods with fee comparisons and step-by-step tutorials.
👉 Discover uSMART's investment platform features
How to Deposit into uSMART
uSMART Securities Singapore manages Southeast Asian accounts, accepting deposits in SGD, USD, and HKD through these methods:
SGD Deposits:
- eGIRO (Recommended)
- PayNow
- FAST Transfer
- Wise
- BigPay
- Bank Telegraphic Transfer (TT)
USD/HKD Deposits:
- Wise (Best for MY users)
- BigPay
- Bank TT
Note: Checks and third-party transfers are prohibited.
Deposit Method Comparison
| Method | Currency | Fees | Processing Time |
|---|---|---|---|
| eGIRO | SGD | Free | Instant |
| Wise | USD | ~RM5.44 | ~3 hours |
| Bank TT | USD | RM10+RM145.23 | 1-3 business days |
Pro Tip: For Malaysian users without Singapore accounts, Wise offers the optimal balance of speed (3-hour processing) and affordability (RM5.44 average fee).
Key Deposit Considerations
- Account Verification Required: Complete KYC before depositing
- No Minimum Amounts: Deposit any amount (SGD100+ recommended)
- Name Matching Policy: All transfers must originate from accounts matching your uSMART registration
- Currency Conversion: Convert SGD to USD/HKD via uSMART's competitive forex rates
Step-by-Step Deposit Tutorials
1. eGIRO Deposit (Singapore Accounts)
Best for: SGD deposits with DBS/UOB/OCBC accounts
- Log in to uSMART App > Trade > Deposit
- Select SGD > eGIRO > "Add Bank Account"
- Authorize through your bank's security protocol
- Transfer funds (max SGD200,000 per transaction)
- Instant SMS confirmation upon completion
Real-World Test: Funds appeared in 58 seconds
2. Wise Transfer (International Users)
Ideal for: USD deposits from Malaysian banks
- Create Wise Account (if new)
- In uSMART: Trade > Deposit > USD > Wise
- Input transfer amount (e.g., RM483.80 = USD100)
- Complete bank transfer with reference code
- Track progress via Wise dashboard
👉 Maximize your Wise transfers with these tips
Test Result: 2-hour processing with RM5.44 fee
3. Bank Telegraphic Transfer
When to use: Large USD transfers (>USD5,000)
- Obtain uSMART's DBS/HSBC banking details
- Initiate TT via online banking (include reference!)
- Upload transfer receipt to uSMART
- Monitor email for confirmation (typically 1-3 days)
FAQ Section
Q: Which method has the lowest fees?
A: eGIRO (free) for SGD, Wise (~0.4%) for USD.
Q: Can I deposit MYR directly?
A: No. Convert to USD/SGD/HKD first via Wise/bank.
Q: Why is my deposit delayed?
A: TT transfers may require manual review. Contact support after 72 hours.
Q: Are corporate transfers allowed?
A: No. All deposits must come from personal accounts matching your registered name.
Final Recommendations
- Singapore Users: Prioritize eGIRO for instant, free SGD deposits
- Malaysian Investors: Wise delivers optimal USD deposit speed/cost
- Large Transfers (>USD5k): Bank TT may offer better bulk rates
For advanced trading strategies after depositing:
👉 uSMART Advanced Trading Guide
Disclosure: We may earn commissions through referral links, maintaining strict editorial independence.
Disclaimer: Content is educational only. Consult financial advisors for personalized advice.