Frequently Asked Questions On Our IBF Accredited Courses
IBF Funding
Eligible Singaporeans and PR can obtain up to 70% funding course fee subsidy support from The Institute of Banking & Finance (IBF) for our IBF-accredited courses.
The funding is capped at S$3,000 per candidate per course, subject to all eligibility criteria being met.
The IBF Standards Training Scheme (“IBF-STS”) provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services.
For more information on the funding support, please visit: https://www.ibf.org.sg/home/for-individuals/skills-and-jobs-development/training-support/IBF-STS
SkillsFuture Credits
All Singaporeans aged 25 years old and above can use their SkillsFuture Credits to fully offset the remaining fees.
NTUC UTAP
Our courses are eligible for Union Training Assistance Programme (UTAP) Funding. NTUC Union members can use UTAP to offset 50% of unfunded course fees (capped at $250 per year).
SkillsFuture Credits are disbursed directly to training providers. For SFC-eligible courses, training providers will collect the nett course fees from applicants after deducting the SkillsFuture Credits used. Applicants must provide supporting documents as part of the claims submission process.
To submit your claim, log in to MySkillsFuture.gov.sg. Follow these steps to ensure a smooth process:
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Steps to Claim SkillsFuture Credits
- At the Time of Course Registration:
- Inform your training provider that you intend to use your SkillsFuture Credits (partially or fully) for your course fees.
- Within 60 Days Before the Course Starts:
- Submit your SkillsFuture Credit claim on the MySkillsFuture Portal with the required supporting documents:
- Proof of payment (e.g., invoice or receipt).
- Confirmation of course registration.
- After Submitting Your Claim:
- Take a screenshot of the confirmation page on the MySkillsFuture Portal.
- Send the screenshot immediately to training.aventis@gmail.com for verification.
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How to Submit Your SkillsFuture Credit Claim
- Log in to the MySkillsFuture Portal with your SingPass.
- Navigate to the SkillsFuture Credit page.
- Click “Proceed to Submit a Claim.”
- Under “View More,” select the enrolled course you want to claim for.
- Click “Submit Claim.”
- Enter your payment details and upload the required supporting documents.
- Click “Submit.”
By following these steps, you’ll ensure a seamless claims process and allow us to assist you efficiently.
Please note that SkillsFuture Mid-Career Support Credits are not applicable for this program.
The IBF Standards Training Scheme ("IBF-STS") provides funding for training and assessment courses accredited under the Skills Framework for Financial Services.
This scheme is available for both self-sponsored and company-sponsored individuals.
Eligible Individuals:
- Singapore Citizens or Singapore Permanent Residents, physically based in Singapore; and
- Successfully completed IBF-STS accredited course (including passing all relevant assessments and examinations)
Eligible Companies:
- Singapore-based Financial Institutions regulated by MAS (licensed or exempt from licensing by MAS)
- FinTech firms certified by Singapore FinTech Association (SFA)
This funding support works on a nett fee model.
This means that you will NOT need to pay the full fees, you will only need to pay the remaining course fees after IBF funding.
For Self-Sponsored:
You must be a Singaporean or Singapore Permanent Resident (PR) that is physically based in Singapore. You will only need to pay the course fees minus the funding support.
For Company-Sponsored:
You must be a Singaporean or Singapore Permanent Resident (PR) that is physically based in Singapore and working in an eligible company:
Financial Institutions that are regulated by the Monetary Authority of Singapore (MAS) (either licensed / exempted from licensing)
Fintech companies that are registered with the Singapore Fintech Association
Your company will pay the course fees minus the funding support. For example, if you are eligible for 70% funding support for the direct training cost, the company will be paying the nett fees payable for company-sponsored participants.
Yes, some of our IBF-accredited programmes are eligible for Union Training Assistance Programme (UTAP) Funding.
NTUC Union members can use UTAP to offset 50% of unfunded course fees
The maximum claimable is capped annually at:
- $250 for members below 40 years old
- $500 for members aged 40 and above
For example: If your remaining course fees are $204, you can claim $102 with UTAP.
This claim must be done after completion of the course. Please refer to the UTAP FAQ for more information.
There are no pre-requisites for any of these courses.
This course is suitable for beginner-level participants across all industries and job functions.
There are minimum attendance requirements for each course, which usually lasts 2 consecutive days from 9 am to 5 pm. There will also be an assessment component at the end of the course.
Payment can be made via Bank Transfer, PayNow, Cheque. We will issue invoices for company-sponsored participants to process payment.
You will receive the following after you successfully complete your training program:
- E-cert for attendance
- Digital open badge to showcase on Linked in profile
At the end of the course on the fifth day, there will be an assessment.
- Case Study Questions (45 mins)
- Passing Grade: 60%
