- Joined
- Jan 20, 2009
- Messages
- 86,078
- Reaction score
- 21
why don't u try yourself to find out
i thought you are from standchart, opp.. sorry
why don't u try yourself to find out
i thought you are from standchart, opp.. sorry
Based on the FAQ, there are interests being paid out in your settlement account. Just only I do not know how much is the interests being paid to the account holders.first u need to have a saving account in SCB
e-Saver is FREE no need min
u have SCB SG Settlement acc
first u transfer fund from other bank to SCB e-Saver.
when the fund in the E-Saver, transfer it to the SCB SG Settlement acc if u want to buy SG Market.
the amt in the SCB Settlement acc is the purchasing power.
when u bid or queue any order, it will reduce the purchasing power.
Eg Settlement acc 50K
end of the day u bid 10K
the amt will deduct from the settlement Account T+3.
u can only transfer 40K back to E-Saver acc.
Amt in the settlement account do not earn interest i think.
Hmm... I just did a internal transfer from my Xtrasaver account to my SECURITIES SETTLEMENT ACCOUNT and the funds transfer is immediate. So I think E-savers should be the same ba.eh ask yall
how long does the trsf of funds from my esavers a/c to the settlement a/c take? It's not immediate one leh
Hmm... I just did a internal transfer from my Xtrasaver account to my SECURITIES SETTLEMENT ACCOUNT and the funds transfer is immediate. So I think E-savers should be the same ba.
eh ask yall
how long does the trsf of funds from my esavers a/c to the settlement a/c take? It's not immediate one leh
I received a mail from SCB and yes, current promo for 1st 2 trades are free but only on the brokerage fees. I think we still need to pay for the comm 0.2% and sgx clearing fee 0.04% (anyone can confirm?).Eh, ask yall somemore
Current promo 1st 2 trades free for everyone right?
Then just now I test test I click buy, but still come out showing comm 0.2% and sgx clearing fee 0.04%
So what? After you click liao, trade went thru then they return you back the comm for these 1st 2 trades?
Can I leave the Saving Account with $0 balance. If I purchase online shares, I will use my OCBC account to pay for it.
I usually pay my DMG broker either from my DBS link saving account or my OCBC saving account.
Chances I know is Not for SCB. Think they also want me to deposit. Anyone can verify?
eh ask yall
so say you tio the buy trade liao, then your trading securities will see the buy amount
no need to do anything, just let the securities settlement a/c auto pay for the buy trade right?
this no minimum commision thing, is it a promotion or will it end on a certain date?The attractiveness of this SCB scheme is the NO MINIMUM COMMISSION.
- How they make money is where your money is to get you to dump your money into their bank so that funds which you did not use to purchase shares can be invested by them.
- The low entry barrier scoops up the mass market and also those who do a lot of intra day trading. Imagine the money these people can save on.
- SCB holds the shares, not CDP. You will need to buy and sell only through SCB.
Of course, there will be concerns by many because it looks too good to be true compared to the market standard.
However let's not forget, in foreign countries, this is already very common. And today we are not talking about ABC bank or XYZ bank. If its citibank rolling this out, I may have some concerns, but not Standard Chartered.
Their marketing campaign is weak but that's the irony. They got a lot of people interested with questions so that people actually go down to their bank branches to find out more. That is where this bank suddenly improves its network arm.
So eventually I must say, NO MIN COMMISSION might be an industry standard in time to come. Don't write it out.
this no minimum commision thing, is it a promotion or will it end on a certain date?