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

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steventay

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just went to open to open an standard chartered e$aver account along with a online trading account.

the CSO told me from 1st June 2011, all e$aver account need a Minimum average daily balance of $1500?

I went to their website still put as $0. Anybody can confirm?

e-saver should be at least $1 after 6mth upon open if not will auto closed.
 

h.y.o.m

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does buying US stock also no Minimum commission ??

No minimum commission for all the available markets from SCB online trading. This includes the US market, of course.
 

The_Davis

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just went to open to open an standard chartered e$aver account along with a online trading account.

the CSO told me from 1st June 2011, all e$aver account need a Minimum average daily balance of $1500?

I went to their website still put as $0. Anybody can confirm?
xtra saver just changed to minimum $3k :s22:
 

MikeDirnt78

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lasnoblur

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the no min. comm. is the biggest draw for me

so paul, i save u the trouble and call them myself :)
firstly, the tel no. given on the promo site - 1800 747 700 - is NOT the no. to call
it should be 1800 242 5333
1st operator gave me the run-around, promising the trading side will call me back... its been 1hr.. no call back...
2nd operator gave me the correct no. to call...

this is what i got;
************************************************************
The min. comm. is an ongoing thing... its not a promo..
the promo is the 2 free trades

The custodian of your shares is confirm - SCB will keep your shares
there's no custodian fees
but if u prefer to move your shares to CDP, u can request SCB to do so and they'll arrange it - again, no fees for this
************************************************************

for myself, the 2 free trades promo is no biggie... i'll standby and see what are the actual experiences...
(i'm secretly hoping for the no min. comm. practice to catch on) :p

Just open esaver today.
For the transfer of securities to CDP, officer who assist me told me transfer fee i have to pay myself, think is 10.60 from CDP website.

Dont think there is any link to CDP with this SCB trading acct.
Thus whatever we hold in CDP currently we cant sell them through SCB, if not it will be a short sell i think.
 

xd3vilx

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Hi all, can I check...once my ordered is filled...I have to wait T+3 to regain my purchasing power to buy new stock?
 

The_Davis

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guys, how much does it cost to transfer my stocks over to the standchart platform?

and is it true that it will take one month for the transfer of custodian?
 

The_Davis

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For immediate family transfer
- S$10.70 (inclusive of GST) per counter

For joint accounts
-S$10.70 (inclusive of GST) per counter, up to a maximum of
S$53.50 (inclusive of GST) per transfer request

For Estate with Grant of Representation
-S$10.70 (inclusive of GST) per counter

For off market transfer
-S$10.70 (inclusive of GST) per 1,000 share per counter transferred, up to a maximum of S$107 (inclusive of GST) per counter

so which one will it be under? :s11:

if say i got 2000 shares :s11:
 

steventay

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so which one will it be under? :s11:

if say i got 2000 shares :s11:

it does not care how much shares u have... it is count by no of stocks transfer..

the cost is per stock (counter).

this is what i think...

alternate pls call CDP for more info.
 

MikeDirnt78

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cost is $10.70 per counter (regardless of number of shares) payable to CDP
 

lasnoblur

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im still waiting for my acc to be open. ebanking activated this mon.

think need to wait till end of nxt week to get trading platform acc.
 

MikeDirnt78

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ok, thanks! :)

i think might be worthwhile to transfer :)

do us a favor. if you or anyone else happen to go down battery road, request for a soft copy of the transfer form. There are 2 forms that need to be filled. One is for CDP side and the other for SCB side.

I collected the hardcopy but lost it! Too lazy to go down again. Alternatively I can can try and call up when im free.
 

robertlb

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I am going to try this out.

I applied online with my SCB online banking.

I now have a securities settlement account setup (btw - is there any minimum $$$$ that need to be kept in this account or is it charge free?)

I can't find the link to the trading application however. Is that because I only applied last Thursday and it takes time to setup / appear on my online bank page.
 

steventay

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I am going to try this out.

I applied online with my SCB online banking.

I now have a securities settlement account setup (btw - is there any minimum $$$$ that need to be kept in this account or is it charge free?)

I can't find the link to the trading application however. Is that because I only applied last Thursday and it takes time to setup / appear on my online bank page.

keep $1 in esaver and that all
 

lasnoblur

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I am going to try this out.

I applied online with my SCB online banking.

I now have a securities settlement account setup (btw - is there any minimum $$$$ that need to be kept in this account or is it charge free?)

I can't find the link to the trading application however. Is that because I only applied last Thursday and it takes time to setup / appear on my online bank page.

I applied last monday, securities settlement account is up but trading application is still not up. :(

For the securities settlement account, i read that nominal interest will be paid for balance in it? any1 can confirm hw much is the interest or hw isit being paid?
 
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