Funding your Saxo account is easy. To find the different funding options,
simply select
and then Deposits & transfers > Deposit funds or:
- SaxoInvestor: Click Deposit funds
- SaxoTrader: Click Deposit funds
Click here for a complete guide of Direct debit/eDDA/eGIRO
Note
- Your first deposit must be made from a bank account in your country of residence. After a first funding that Saxo successfully registers the bank account, you may request to add additional countries for funding.
- Margin stop-outs cannot be postponed based on any incoming funds until they are cleared and booked into your account.
- CPF and SRS are not accepted modes of funding your account.
- Cheque deposits are not accepted as a mode of funding.
- Saxo does not accept payments from accounts or cards that are not in your name (3rd party payments). Any payments made by a third party will be returned to the source card or bank account.
- Please do include your client ID in Note or Reference when you transfer money. If you use PayNow, the QR code already contains the Saxo account number that you are sending funds to.
Alternatively, the funding instructions can be found in the table below:
| Currency |
Deposit Method /Beneficiary's Account Number |
Reference |
| SGD | Refer to Client specific SGD Virtual Bank Account Number* available on the platform |
*The Bank account number shown at Bank transfer on platform for SGD and USD is virtual account number only usable for online transfer. Please do not use it at bank counter.
Always insert your Saxo ID in the Comments /Message to receiver /Bill Ref/Payment Details field.
Please use the right currency to fund your respective Virtual Bank Account(s) to avoid any delay. |
| MEPS (SGD) | ||
| PayNow UEN: Click here | ||
| PayNow QR code: Click here | ||
| USD | Refer to Client specific USD Virtual Bank Account Number* available on the platform | |
| AUD | You can find the funding account numbers for the following account currencies directly from our platform(s): Go to the main menu > Deposit and Transfer > Bank Transfer > Select the currency which you are funding in |
Always insert your Saxo ID in the Comments /Message to receiver /Bill Ref/Payment Details field. |
| CAD | ||
| CHF | ||
| CNH | ||
| DKK | ||
| EUR | ||
| GBP | ||
| HKD | ||
| JPY | ||
| NOK | ||
| NZD | ||
| SEK | ||
| MYR | Onshore inter-bank transfer (Malaysian Ringgit) | Please note that we can only accept MYR from an onshore MYR bank account held in Malaysia. To fund your account in MYR, please ensure that you have a MYR subaccount in your Saxo account. If you do not already have this, please click here for more details. |
| SGD/USD | Card Payments (credit/debit) |
Always insert your Saxo ID in the Comments /Message to receiver /Bill Ref/Payment Details field.
HSBC account holders: When you add Saxo as a Payee to transfer SGD, please choose Payee type "Local transfers to other banks (in SGD only)". For other currencies, please choose "Overseas account". |
| All Currencies | HSBC account holders please read |
Additional questions you might have
Do you have some questions about funding your account? You can find a list of FAQs below.
Funding with another currency
Opening a sub-account in a currency different from your main account
If your main account is in a certain currency (for example, EUR) and you want to fund it in another currency (for example, USD) to avoid the conversion fee, you can open a sub-account in USD. You can then send your USD directly to the sub-account without the conversion fee.
Funding from outside your country of residence
For more information, read How can I add another country for funding outside of my country of residence?
Funding fees
Saxo does not charge fees for cash transfers. However, fees may be charged by intermediary banks or other parties involved in the transfer process, such as the sending or receiving bank. Saxo executes all payments as shared payments, which means that you are responsible for any fees charged by other banks used to send money to or from your account.
When you fund your account from another country or in a different currency, one or more intermediary banks may be involved in processing the payment. If these banks deduct their own fees, the amount credited to your Saxo account could be lower than the amount you originally sent.
Read more: What are the costs of transferring funds?
Deposit transfer times
The time it takes for funds to reach your Saxo account depends on the payment method and the country from which the transfer is sent.
As a general guideline, domestic transfers from your country of residence typically arrive within 1-2 business days. International transfers may take 2-5 business days, depending on the banks and payment networks involved.
Please note that processing times can vary and may be affected by factors such as bank holidays, intermediary banks, and local banking procedures.
Read more: How long does a money transfer take?
Your account is temporarily restricted
If your account is restricted due to missing client information, you may be unable to add funds or open new positions until the information is updated. As Saxo Bank does not accept third-party payments, we need to verify that your funds come from an account in your name.
Read: How does the ‘Client information update and verification’ process work?