af7680
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Pm liao.
Eh, it's not very difficult but very troublesome.
Just rotate between OCBC and SCB...
Hi Perisher,
could you pls send me pm as well.
thank you
Pm liao.
Eh, it's not very difficult but very troublesome.
Just rotate between OCBC and SCB...
Hi Perisher,
could you pls send me pm as well.
thank you
Dear all,
I recently submitted scb trading account but fcy settlement accounts are ready in internet banking but when i click "online trading" , the page stills asks me if i want to submit application to open a account or something.
do you know whats wrong?
and I see all fcy settlement accounts opened and ready but i dont see securities trading account...
will it have it later also?
thank you
Send liao...
Eh, it's just 1.4%, 1.4%, 2.35%, very tempting?
2% fuss free using SGS SSB easier right?
Why is this being a sticky thread?
Thank you Perisher. just one more question on the ocbc bonus saving account interest rate for rotating fund.
I read from ocbc web that the account will give 2.35% on 3rd month IF fund is not withdrawn for 1st &2nd month in the quarter... so that means fund has to come into that account on 1st month and have to stay until 3rd month. so if fund stay in ocbc account for one month, interest will be 0.55%.....
Does anyone use SCB for trading in London? I am asking because I wanted to know the exchange rate for SGD to GBP, which I can't find on their website (I am not a customer yet). I am thinking of investing 10k GBP, although the comission is low but if the exchange rate is no good, it will add to the cost.
Does anyone use SCB for trading in London? I am asking because I wanted to know the exchange rate for SGD to GBP, which I can't find on their website (I am not a customer yet). I am thinking of investing 10k GBP, although the comission is low but if the exchange rate is no good, it will add to the cost.
Basically, not good at all. Something like 0.02-0.03 in and out so X2, IIRC.
Why not try Interactive Brokers? It might suit you better.
This is the rate on POEMS (I am a customer), the difference between bid and offer is only 0.0088. If the spread on SCB is 0.05, then it is too high.
British Pound 2.1763 2.1851
Assuming a spread of 0.05, then SCB rate is 2.1557, 2.2057. If investment is 10K GBP,
SCB cost in GBP = 100.25%*10k = 10025
SCB cost in SGD = 10025*2.2057 = 22112
POEMS cost in GBP = 100.4%*10k = 10040
POEMS cost in SGD = 10040*2.1851 = 21938
If my calculations are correct, it is not cheap to invest using SCB if there is currency conversion.