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need help with dbs vickers

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Old 15-05-2020, 02:35 PM   #1
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need help with dbs vickers

hi all, kinda new in investing, i have just bought US stocks using dbs vickers, but somehow i cannot use my cash upfront to make the purchase of US stock. some error came up. so i purchased the stock using Cash. I dont have enough cash in the Cash account, but the purchase went through.

Now there is outstanding unsettled payment. How do i make the deposit?

Reading the FAQ, i still dont understand which method to use, there are EPS, giro and cheque. i just applied for the giro but dont think it will work that soon.

preferably i can settle the deposit via ibanking.

TIA
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Old 15-05-2020, 02:45 PM   #2
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vickers should be deduct from multiplier account, just transfer money inside will do. usually they will deduct 2 days after your trade, if you not enough money inside, CS will call and text you, i kana before, forget to transfer from savings over. i think by 4th or 5th day if they cannot contact you, they will force sell your trade.
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Old 15-05-2020, 02:49 PM   #3
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vickers should be deduct from multiplier account, just transfer money inside will do. usually they will deduct 2 days after your trade, if you not enough money inside, CS will call and text you, i kana before, forget to transfer from savings over. i think by 4th or 5th day if they cannot contact you, they will force sell your trade.

i have the dbs bank account, but not the multiplier account. should be the dbs cashback bonus account.

So as long as there are enough cash in my dbs bank account, i dont have to do anything?
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Old 15-05-2020, 02:59 PM   #4
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U will be in trouble if u nvr link your usd saving acct to dbsv, and have enough usd inside.

*wrong info*

Last edited by wutawa; 23-05-2020 at 04:58 PM..
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Old 15-05-2020, 03:00 PM   #5
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hi all, kinda new in investing, i have just bought US stocks using dbs vickers, but somehow i cannot use my cash upfront to make the purchase of US stock. some error came up. so i purchased the stock using Cash. I dont have enough cash in the Cash account, but the purchase went through.

Now there is outstanding unsettled payment. How do i make the deposit?

Reading the FAQ, i still dont understand which method to use, there are EPS, giro and cheque. i just applied for the giro but dont think it will work that soon.

preferably i can settle the deposit via ibanking.

TIA
Believe cash upfront only for SGX.
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Old 15-05-2020, 03:12 PM   #6
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Believe cash upfront only for SGX.
Nope not true.
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Old 15-05-2020, 03:17 PM   #7
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i have the dbs bank account, but not the multiplier account. should be the dbs cashback bonus account.

So as long as there are enough cash in my dbs bank account, i dont have to do anything?
If u dont have multiplier acc such as my acc or autosave acc, how on earth they allow u to trade?

If u are on internet banking. At dbs Vickers page top right got state which multiplier acc u are linked to
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Old 15-05-2020, 03:24 PM   #8
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Nope not true.
U managed to buy us stocks using cash upfront? Pro
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Old 15-05-2020, 03:29 PM   #9
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vickers should be deduct from multiplier account, just transfer money inside will do. usually they will deduct 2 days after your trade, if you not enough money inside, CS will call and text you, i kana before, forget to transfer from savings over. i think by 4th or 5th day if they cannot contact you, they will force sell your trade.
Someone did mention DBS will not auto convert within multiplier from sgd to USD. So u have to do your own conversion and place the $ in USD acc

Cannot just leave the $ in sgd acc

Correct me if im wrong
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Old 15-05-2020, 03:38 PM   #10
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U will be in trouble if u nvr link your usd saving acct to dbsv, and have enough usd inside.
i dont have an USD account. i read about the multi-currency account, dont think i have it.
and i no idea why i can still purchase US stock without any US account. lol
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Old 15-05-2020, 03:39 PM   #11
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i dont have an USD account. i read about the multi-currency account, dont think i have it.
and i no idea why i can still purchase US stock without any US account. lol
Have u check which acc is your Vickers linked to?

Look at top right hand corner
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Old 15-05-2020, 03:40 PM   #12
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If u dont have multiplier acc such as my acc or autosave acc, how on earth they allow u to trade?

If u are on internet banking. At dbs Vickers page top right got state which multiplier acc u are linked to
you mean the click down buttom?
it just show my vicker account no. like this: 123123-Cash.
logging in from dbs ibank, i can access my cash upfront for SGX.

tried calling vickers but on hold for 30min i hang up liao.
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Old 15-05-2020, 03:42 PM   #13
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you mean the click down buttom?
it just show my vicker account no. like this: 123123-Cash.
logging in from dbs ibank, i can access my cash upfront for SGX.

tried calling vickers but on hold for 30min i hang up liao.
U log in via DBS i banking.
- top panel select invest
- click into DBS vickers
- in Vickers page it states clearly which multiplier acc u are linked to at top right hand corner. Next to your trade acc no.
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Old 15-05-2020, 03:54 PM   #14
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i dont have an USD account. i read about the multi-currency account, dont think i have it.
and i no idea why i can still purchase US stock without any US account. lol
It means u bought something which u cannot pay. Only dbs can save u now.

*wrong info*

Last edited by wutawa; 23-05-2020 at 05:00 PM..
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Old 15-05-2020, 03:55 PM   #15
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U managed to buy us stocks using cash upfront? Pro
https://www.dbs.com.sg/vickers/en/mc...schedules.page

see under US stocks
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