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

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macateer

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Recently i tried to use SCB to purchase a USD$ traded counter in SGX, but was declined.

I am very sure i have sufficient funds in my SIN$ securities trading account. Do i need to transfer funds to my USD$ securities trading account before i can proceed?

I have no issues with DBS vickers as there is an option to proceed with the trade in SIN$.

Thanks in advance!
 

for_friend

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You need sufficient funds in your USD$ before you can trade.

Recently i tried to use SCB to purchase a USD$ traded counter in SGX, but was declined.

I am very sure i have sufficient funds in my SIN$ securities trading account. Do i need to transfer funds to my USD$ securities trading account before i can proceed?

I have no issues with DBS vickers as there is an option to proceed with the trade in SIN$.

Thanks in advance!
 

Bedokian

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To add, if you want to transfer money to foreign securities account, do it during office hours (up to 8 pm on weekdays), where the exchange rate is available.
 

Steyr69

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sorry but in this case, I have to bring a stack of notes to the counter/cash deposit machine to deposit the money? isnt it dangerous?

yes...but can minimise risk if the banks are near each other.
and do inside mall should be safer.

for esaver account....use over the counter service got $5 charge....thats what the SC chap told me.

another option is use chq. roughly take the same time as online transfer.
 

exterminazn

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If I never rmb wrongly, the amount only gets deducted after 3 days. Similar to when selling, it's t+3 before the funds from selling gets creditted

ok thanks for info... i will check next week:s12:
 

Nyan

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no choice ma, u find those places where the bank are side by side, at least safer. and i dont think u are transferring high 5/6 digits figures on a v regular basis.

some banks got a same day transfer facility (i think its OCBC), but a surcharge of $5

e savers account dont have atm card meh?
 

macateer

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You need sufficient funds in your USD$ before you can trade.

To add, if you want to transfer money to foreign securities account, do it during office hours (up to 8 pm on weekdays), where the exchange rate is available.

Ok thanks for the infor!

Guess i'll do a fund transfer from USD acct in DBS to USD acct in SCB instead.

Heard SCB charges "loan shark" rates for foreign currency exchanges...
 

Bedokian

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yes...but can minimise risk if the banks are near each other.
and do inside mall should be safer.

for esaver account....use over the counter service got $5 charge....thats what the SC chap told me.

another option is use chq. roughly take the same time as online transfer.

I beg to differ. I did an over the counter deposit into the esaver account and no $5 charge was imposed.

But I agree doing it within a mall is safer. Nex and Ion are good locations.
 

Steyr69

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Nope. No atm card for mine :)

Don't know about the rest

no atm also for moi.
only online.

I beg to differ. I did an over the counter deposit into the esaver account and no $5 charge was imposed.

But I agree doing it within a mall is safer. Nex and Ion are good locations.

issit? i kenna bluff by the SC chap....lol....but i hate queuing....lol.
the good thing about SC is some of the branches open until 9pm on weekdays....like the one in NEX. Great for working ppl.
 

autumm

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I beg to differ. I did an over the counter deposit into the esaver account and no $5 charge was imposed.

But I agree doing it within a mall is safer. Nex and Ion are good locations.

The $5 charge is for withdrawal not deposit. If doing deposit to esaver account can just use the cash deposit machine and your sever account number
 

macateer

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no atm also for moi.
only online.



issit? i kenna bluff by the SC chap....lol....but i hate queuing....lol.
the good thing about SC is some of the branches open until 9pm on weekdays....like the one in NEX. Great for working ppl.

Yeah! Can go ntuc after that as well. Just next door :)
 

Nyan

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The $5 charge is for withdrawal not deposit. If doing deposit to esaver account can just use the cash deposit machine and your sever account number

if i have the e savers account, will i get an atm card? if i do, then everytime i withraw i get charge $5?
 

autumm

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if i have the e savers account, will i get an atm card? if i do, then everytime i withraw i get charge $5?

U do not get a ATM card with Esaver. You can either transfer the money out through internet banking at no charge or withdrawal only at the counter at $5 charge.

No option to ATM withdraw with $5 charge. ;) You want also cannot. they die die make you queue.
 

roz_sid

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hi, my orders are filled but why isnt the amt deducted in my securities acct?
 

tofuguy

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hi, my orders are filled but why isnt the amt deducted in my securities acct?

wait T+3. Although the amount used is still in your securities account, you cannot trf back to your savings/current account or use it to buy more.
 

bencheongcm

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guys who suppose to get payout on the 28 feb are your dividend in ?
 
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