Priority Banking
Funds, Grants and T&Cs

Enhanced Funding Support For IBF-STS And IBF Credit

MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%. This existing scheme will also be expanded to include workers in eligible FinTech firms.

Enhanced Funding Support
Funding Quantum 90% of direct training cost. Available for training programmes commencing between 8 April 2020 and 31 December 2021 (both dates inclusive).
​Eligible Individuals
  • Company-sponsored individuals or self-sponsored participants;
  • Singapore Citizens or Singapore Permanent Residents, physically based in Singapore;
  • Successfully completed IBF-STS accredited programme.
​Companies eligible to submit claims for company-sponsored participants​
  • Singapore-based Financial Institutions regulated by MAS (licensed or exempt from licensing by MAS).
  • FinTech firms certified by Singapore FinTech Association.

Terms & Conditions

Terms & Conditions Governing Registration, Payment, Cancellation
Deferment And No-Show
Monthly Registration

Monthly Registration Period

Registrations are open for 5 working days every month, starting on the 1st working day of the month.

Cosolidated registrations will be processed on a “first-come-first-serve” basis. Registrations will close 30 calendar days before class commencement.

Please submit registration / consolidated Group Registration Form to

One Consolidated Submission Per Month

Organisations should appoint a central officer to submit one consolidated registration per month using our Group Registration Form.

It is the organisation’s responsibility to ensure that the information provided is accurate and each application has the appropriate internal approval.

Group Registrations received outside the monthly registration period and non-consolidated applications may be returned to the organisation for next month’s consolidation.

​Payment Due

For IBF accredited courses, you / Invoicing Addressee are permitted to pay upfront a portion of the course fee (less the potential funding amount) based on the respective payment terms indicated below. In the event that the trainee fails to meet any of the requirements set under the funding scheme, resulting the funding claim application to be rejected by IBF due to any reasons, the trainee is liable to pay the balance of the course fee (i.e. the potential funding amount) to WMI.

Company-Sponsored Individuals

30 days credit upon issuance of the invoice.

​​Refund Policy

BEFORE accessing any online learning modules

30 to 60 calendar days before commencement date of each Module or Programme:
50% of Full Fee per Module is payable.

Less than 30 calendar days before commencement date of each Module or Programme:
100% of Full Fee per Module is payable.

AFTER accessing any online modules

100% of Full Fee per Module is payable, even if the classroom session has not commenced.


  • Cancellation Fee is not eligible for funding.
  • There is no withdrawal, deferment or replacement allowed for pure online learning modules and 100% of the Full Fee per Module is payable.
​Deferment and/or Replacement after training places have been allocated

Change of training date/class without Replacement

​​Once the training places have been allocated, request to defer without a suitable replacement participant is treated as a cancellation and the Cancellation Fee will apply.

Change of training date/class with Replacement

Request to defer with a suitable replacement participant must be submitted to WMI in writing at least 30 calendar days prior to class commencement. An Administrative Fee of S$107 (not eligible for funding) will apply in lieu of the Cancellation Fee for every deferment with replacement participant.

No Show / Late-Comers / Minimum Attendance Unfulfilled

No Show

Participants who fail to turn up for class is treated as a cancellation and 100% of the Full Fee per Module will apply.

Late-Comers / Minimum Attendance Unfulfilled

Participants who do not fulfil the minimum attendance requirement of 85% will be treated as a No Show and 100% of the Full Fee per Module will apply.

If the module has commenced, participants/companies are not permitted to transfer the enrolment on a Course to any other person under any circumstances.

  • The information above is correct at the time of publication. The Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.​

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