CGS iTrade - Help

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Home >> Help >> Charges and Settlement >> EZ Cheque Deposit

Charges and Settlement

Note: The below information are meant for CGS International Securities Singapore Pte. Ltd. ("CGS SG") clients only.

EZ Cheque Deposit

Ease to make payment at your neighbourhood UOB

Now you can deposit cheques at any of your neighbourhood UOB branch or quick cheque deposit box for your CGS SG accounts.

Secured host-to-host channel for cheques

This service provides a secured cheque delivery channel between UOB and CGS SG.

EZ Cheque Deposit - Frequently Asked Questions

Q1. What is EZ Cheque Deposit service?
EZ Cheque Deposit service allows CGS SG customers to deposit cheques at any UOB branch or quick cheque deposit box for payments into their CGS SG account.

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Q2. What currencies deposits are available under this service?
We only accept USD denominated payments via this service.

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Q3. What information do I need to provide for cheque deposit?
You will be required to indicate your CGS SG SG Virtual Account Number on back of the cheque.
Please ensure that your cheque is payable to CGS International Securities Singapore Pte. Ltd.

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Virtual Account Number = Biller Code + Customer CGS SG Trading Account number

Biller Code for USD payments = 86033
If your Account Number = 0038520

** Customer Account number must have 7 digits. In case account number is less than 7 digits, customer will need to add zeros in front of account number

Virtual Account Number = 86033-0038520

We recommend providing reason of Payment in Payment reference section.

Payment Reason	Payment reference to write at back of cheque
Outstanding Purchase	Purchase & Name of Security
Outstanding Contra Loss	Contra Loss
Custody Fees	Custody Fees
Subscription of Rights	Rights + Name of Security
Margin Account Deposit	Margin Deposit
CFD Account Deposit	CFD Deposit
Trust Account Deposit	Trust Deposit

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Q4. Do I need to open UOB account to use this service?
No, CGS SG clients do not need to open UOB account for this service.

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Q5. Is there any additional cost to use this service?
No, this service is free of charge for CGS SG clients.

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Q6. What will happen if I provide wrong biller code on cheque?
Wrong Biller Code will result in the FX conversion. For example, if cheque is denominated in SGD and Biller code provided is for USD currency then SGD amount will be auto-converted into USD and deposited into your account. We highly encourage customers to be careful and use correct Biller code for this service.

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