What is the difference between GIRO and Electronic Payment for Share (EPS)?
GIRO is available to DBS/POSB account holders. When you buy or sell Singapore shares online, the payment will be directly debited from or credited to your designated bank account between 12midnight and 7:00am on Trade/ Due Date + 1. EPS is available to account holders of any local bank. When you buy shares online, you will have to initiate payment through an Automatic Teller Machine (ATM). When you sell shares online, the payment will be credited to your bank account on Trade/Due Date + 1.
