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Standard Chartered - Only Online Trading in town with no minimum commission

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Old 07-10-2015, 05:39 PM   #4651
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Account can only be close at branch..

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Old 08-10-2015, 08:28 AM   #4652
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Account can only be close at branch..
This is not true. You can get the account closing document by emailing scb and simply mail the filled document back to them. Thats what I did anyway.
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Old 08-10-2015, 09:00 AM   #4653
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This is not true. You can get the account closing document by emailing scb and simply mail the filled document back to them. Thats what I did anyway.
Where to get the form? I can't find it on their website...

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Old 08-10-2015, 12:53 PM   #4654
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No charges for closing. Just make sure transfer every single cent out to dash before you close
When I went to open my e$aver account last week, the bank officer said that if I close the account before 6 months is up, there will be extra charges (I think $30). After 6 months then no charge.
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Old 08-10-2015, 01:23 PM   #4655
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When I went to open my e$aver account last week, the bank officer said that if I close the account before 6 months is up, there will be extra charges (I think $30). After 6 months then no charge.
Early account closure fee (within 6 months) S$0

https://www.sc.com/sg/save/saving-esaver.html
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Old 08-10-2015, 02:05 PM   #4656
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Do i need a standard chartered savings account or something to open a trading account with SCB?
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Old 08-10-2015, 02:37 PM   #4657
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Do i need a standard chartered savings account or something to open a trading account with SCB?
Yes. Either a esaver or a dash account.

Esaver has a fall below fee for account under $1k ADB. Early closure has a fee as well.
Edit: no need early closure fees wor.
https://www.sc.com/sg/save/saving-esaver.html

Dash account need to go to PS branch to open. Forgot if can apply online.
No min deposit required.
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Last edited by Perisher; 08-10-2015 at 04:50 PM..
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Old 08-10-2015, 04:36 PM   #4658
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Early account closure fee (within 6 months) S$0
Silly me, I must have gotten them mixed up. Thanks for the info! At least now I know I can close early without having to pay fees.
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Old 08-10-2015, 06:29 PM   #4659
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Yes. Either a esaver or a dash account.

Esaver has a fall below fee for account under $1k ADB. Early closure has a fee as well.
Edit: no need early closure fees wor.
https://www.sc.com/sg/save/saving-esaver.html

Dash account need to go to PS branch to open. Forgot if can apply online.
No min deposit required.
Dash account I applied online...I got a phone line with Singtel maybe that's why...I never need to come down to sign anything and they never called me to ask for more information... That was my first account with SCB...I was only asked to come down to sign some papers when I open a trading account...
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Old 08-10-2015, 08:58 PM   #4660
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how do i buy stocks denominated in other currencies? do i move some money to that settlement account (eg GBP) & they will convert the currency from SGD to GBP for me?
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Old 08-10-2015, 09:20 PM   #4661
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how do i buy stocks denominated in other currencies? do i move some money to that settlement account (eg GBP) & they will convert the currency from SGD to GBP for me?
Yup, the correct currency account is important.
Make sure the stock U wanna buy is denominated in that currency you exchanged before you buy.
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Old 08-10-2015, 09:22 PM   #4662
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Yup, the correct currency account is important.
Make sure the stock U wanna buy is denominated in that currency you exchanged before you buy.
thanks. where can i see the conversion rates + any xtra fees for conversion?
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Old 08-10-2015, 09:24 PM   #4663
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thanks. where can i see the conversion rates + any xtra fees for conversion?
Fees are included into the FX rate through the spread (1% for USD, 1.5% for any other currency). When you transfer, they will quote you the rate before you confirm the exchange. Just press cancel or confirm on that screen.

Btw for SCB, you can only do FX during office hours till 8pm, excluding public holiday and weekend.

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Old 09-10-2015, 09:27 AM   #4664
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yesterday I transferred some cash to settlement account from esaver account to buy stocks but due to price keeping going up, attempt was failed.

will it be possible to transfer back the amount to esaver from settlement account?

TIA
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Old 09-10-2015, 09:28 AM   #4665
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yesterday I transferred some cash to settlement account from esaver account to buy stocks but due to price keeping going up, attempt was failed.

will it be possible to transfer back the amount to esaver from settlement account?

TIA
Yes of course. You can leave it in there also for interest but I'm not sure what's the rate. Do note that only SGD settlement account has interest, though.

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