*OFFICIAL* Standard Chartered Bank Online Equities Trading

[twosix]

Standard Chartered SGX Transfer Fees

• SGD 10 per stock: Transferring Singaporean stocks to CDP (The Central Depository).
• SGD 100 per stock: Transferring Singaporean stocks to other brokerages or financial institutions

Not expensive leh.

 

[radioshack]

Not expensive leh.

I think it’s capped $100 for sgx

 

[elvintay07]

It matters when you are buy/sell larger amount to rebalance

200k etf position difference is $360 vs $3.80 of commission

You buy 1 pop $200k etf to enjoy $3.80 worth of commission? From which brokerage?

 

[radioshack]

You buy 1 pop $200k etf to enjoy $3.80 worth of commission? From which brokerage?

FSMone

 

[highsulphur]

You buy 1 pop $200k etf to enjoy $3.80 worth of commission? From which brokerage?

FSMOne. Sgx clearing charges are separate but it applies to all brokers anyway

 

[radioshack]

Think nvm.. if it just $10 per counter to transfer to FSMone .. I will give it a shot

 

[elvintay07]

FSMOne. Sgx clearing charges are separate but it applies to all brokers anyway

ok, usually big whale do this kind of transaction no need to skim one la. If all the big whales like that, DBS would have bankrupt already. Imagine they charge custodian fees and higher commission. Yet their every year wealth banking AUM increasing like huat kuey. This shows that people value building wealth more than saving cost

 

[highsulphur]

ok, usually big whale do this kind of transaction no need to skim one la. If all the big whales like that, DBS would have bankrupt already. Imagine they charge custodian fees and higher commission. Yet their every year wealth banking AUM increasing like huat kuey. This shows that people value building wealth more than saving cost

It matters when your portfolio is large enough. Why not go with the lowest cost option when the platform is no worse (might be even better)?

 

[radioshack]

Do u all recommend to sell my DBS shares in SCB and rebuy them in FSMone or do a transfer out to FSMone?

if I liquidate all DBS shares now.. I can buy back the same amount at prevailing market price

 

[wutawa]

Do u all recommend to sell my DBS shares in SCB and rebuy them in FSMone or do a transfer out to FSMone?

if I liquidate all DBS shares now.. I can buy back the same amount at prevailing market price

Why incur the extra selling and buying fees? R u going to close your scb acct? Or it is just portfolio housekeeping? What if xxx becomes better than fsm in future?

 

[highsulphur]

Do u all recommend to sell my DBS shares in SCB and rebuy them in FSMone or do a transfer out to FSMone?

if I liquidate all DBS shares now.. I can buy back the same amount at prevailing market price

There is no need to do anything unless you are selling dbs completely or to sell to buy something else.

 

[weng0202]

T

Do u all recommend to sell my DBS shares in SCB and rebuy them in FSMone or do a transfer out to FSMone?

if I liquidate all DBS shares now.. I can buy back the same amount at prevailing market price

Transfer only $10 per counter so I think cheaper than selling and rebuying. Also, is there a need to transfer out? Just started buying using fsmone lah and keep the DBS in scb.

 

[radioshack]

Why incur the extra selling and buying fees? R u going to close your scb acct? Or it is just portfolio housekeeping? What if xxx becomes better than fsm in future?

There is no need to do anything unless you are selling dbs completely or to sell to buy something else.

T
Transfer only $10 per counter so I think cheaper than selling and rebuying. Also, is there a need to transfer out? Just started buying using fsmone lah and keep the DBS in scb.

cause I am abit OCD.. prefer all my SGX holdings to be on 1 platform maybe i will just try to transfer

 

[weng0202]

cause I am abit OCD.. prefer all my SGX holdings to be on 1 platform maybe i will just try to transfer

Aiyah no need lah. I have shares with CDP and scb, and also etf using SRS with poems.

Most of my shares in scb because of priority banking so trading no min commission. Slowly buy until more than 400k. Maybe will transfer the reits to CDP when I'm nearing retirement.

Intend to buy using cpf OA as well when I'm done paying for my house.

 

[highsulphur]

cause I am abit OCD.. prefer all my SGX holdings to be on 1 platform maybe i will just try to transfer

I had A35 in SCB which I wanted to sell. I think transferred A35 to fsmone with the intention to sell. I transferred back to scb from fsmone some es3 to maintain my priority client status

 

[twosix]

Do u all recommend to sell my DBS shares in SCB and rebuy them in FSMone or do a transfer out to FSMone?

if I liquidate all DBS shares now.. I can buy back the same amount at prevailing market price

Incur unnecessary fees. Also risky. Suddenly the price goes up 10% how? Haha.

 

[radioshack]

Incur unnecessary fees. Also risky. Suddenly the price goes up 10% how? Haha.

Thats what I thought of too

 

[radioshack]

Just sold all my DBS shares at 50.65.. then Rebuy at FSMOne.. lazy to fill in forms

 

[NinjaStars]

How much is DBS offering?

Thank you!

 

[apriliasiao]

How much is DBS offering?

Hmmm... If this is your Aug/Sep statement, u should check with your RM why are they charging u 3.38% because mine is 3% for Sep.