*OFFICIAL* Standard Chartered Bank Online Equities Trading
- Thread starter Asphodeli
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I also want to know how to get priority banking without giving SCB any money
If SCB sells Vanguard funds, then actually I don't mind giving SCB some money, but somehow I doubt it. So far only FSM carries Vanguard funds AFAIK....
You can buy vanguard funds listed on LSE. No reason to pay more at fsm.
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Went to read their Priority Banking Eligibility Criteria
https://www.sc.com/sg/_pdf/SCB_Pricing_Guide.PDF
Under Priority Banking
Other details are in the link above.
Anyone know if the $50 per month is as stated? That would stop many from trying to be a Priority Bank customer liao.
https://www.sc.com/sg/_pdf/SCB_Pricing_Guide.PDF
Under Priority Banking
Other details are in the link above.
Anyone know if the $50 per month is as stated? That would stop many from trying to be a Priority Bank customer liao.
How much is the difference for currency exchange for scb ah? Compare to other Brokers eg. Phillips securities?
Asphodeli
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1% on USD, 1.5 to 2% for the rest
I think it is charged only if the total relationship balance falls below 200k
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Stock value changes alot... unless one discount the part of stocks and still hit 200k and above
Thank for the clarification.
Stock value changes alot... unless one discount the part of stocks and still hit 200k and above
Thank for the clarification.
value of stocks in online trading account do not count towards priority banking. This was the reply I got when I e-mailed them. Also makes sense because SCB doesn't earn money from that.
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Funny, because I got PB mainly because of the stocks transferred to scb custody. Only had maybe 30k cash.
But that was a year ago. No idea if the rules changed.
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I e-mailed SCB and got the official reply from their customer support saying cannot.
Can you e-mail your RM to see if can? Maybe its the RM who got power to waive minimum sum requirement.
Sinkie
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that makes it impossible for me to hit liao...
Thank for clarifying.
Wah not simple, your portfolio must be near $200,000
I'm not in contact with any RM leh, just walked into a branch to request for PB after the transfer of shares was complete. Initially the RM there thought I was going to put 200k in, I told her I wanted to apply based on the total amt of cash and shares in my accounts.
Asphodeli
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Yes. Quite tightly integrated with DBS internet banking platform, and quite competitive with other retail brokerages.
Only thing I don't like is DBS's equities trading product is basically their zombie broker (or at least, my broker) - they'll take your orders and call you on your account matters, but when it comes to stuff like placement, rights issue questions, etc. their response is usually "bugger off", unless you're a BB.
Weaboo
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scb usually will send letter + call about the rights issue, drip etc
dbs dun do such shiat?
Asphodeli
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I never used their custodian account, only cash accountscb usually will send letter + call about the rights issue, drip etc
dbs dun do such shiat?
Sent from Sony D5833 using GAGT
I think scb is still the lowest comms one on an ongoing basis even with the min comms. The rest like poems and dbs promo rates may or may not be extended.
So I probably will still keep using to buy if prices are good till Aug. After that, depends on the counter and amount to buy, see whether to use SCB or other brokerages, although for smaller quantity~5k value, it is still ok. But hope after this revamp and retaining higher margin business, they will brush up their platform features.
Now is to see if other brokerages come up with something to steal their customers till Aug.
So I probably will still keep using to buy if prices are good till Aug. After that, depends on the counter and amount to buy, see whether to use SCB or other brokerages, although for smaller quantity~5k value, it is still ok. But hope after this revamp and retaining higher margin business, they will brush up their platform features.
Now is to see if other brokerages come up with something to steal their customers till Aug.
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First needed is data streaming!
Just wondering if all our shares are in SCB custodian account, do they make use of it to make some return like share loaning or etc etc.?
Anyway, I still had not received the letter regarding the change in the min commission. I think they really forget about me already
Anyway, I still had not received the letter regarding the change in the min commission. I think they really forget about me already
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