Funds, Grants And T&Cs

Funding Support

MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 70%. This existing scheme will also be expanded to include workers in eligible FinTech firms.

Enhanced Funding Support

Funding Quantum

50% of direct training cost for training programmes commencing between 1 January 2023. For Singapore Citizens aged 40 years old and above will be eligible for 70% co-funding of direct training costs.

​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.

FTS Grant Cap

As at 1 January 2023, the FTS grant cap is now S$500 per participant.

Terms & Conditions

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

Monthly Registration

Monthly Registration Period


Consolidated 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.


Self-Sponsored Individuals


Full payment upon issuance of the invoice and prior to the issuance of the online learning access and/or class commencement.


Company-Sponsored Individuals


30 days credit upon issuance of the invoice.

​​Refund Policy

BEFORE accessing any online learning modules or commencing the course

Full fee per module is payable upon issuance of invoice.

For withdrawal due to (a) health (b) compassionate reasons, full refund except for applicable administration/registration fees.
For other withdrawal, 10% of the full fee per module is payable.


AFTER accessing any online modules or commencing the course

100% of the full fee per module is payable, regardless of start date of classroom session.



  • No funding will be provided for partial or full withdrawal from courses.
  • 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

Upon signing up, request for deferment will only be allowed due to (a) health reasons (b) compassionate grounds.

No Show / Late-Comers / Minimum Attendance Unfulfilled

No Show

Participants who fail to turn up for class is treated as a withdrawal 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.​

Fee Protection Scheme

Only learners enrolled in programmes under WMI International Pte Ltd will be covered under the Fee Protection Scheme. For more information about the scheme, please click here.