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tiertime

tiertime

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IronMan123 said:
To open a USD Securities Settlement Account on Standard Chartered’s Online Trading platform when you already have an SGD settlement account, here’s what you need to do:



📝 1. You must apply (in-person or online via branch)​


  • While SCB often prompts selection during initial online trading account setup, you can still apply afterward—but this typically requires visiting a branch to complete additional paperwork .
  • According to user reports, you can't open it fully online via the portal; you’ll need to go to a branch (take a queue ticket and meet with a Relationship Manager—not just a teller) to open the USD settlement account .


📄 2. What you’ll need to bring/apply:​


  1. Standard Chartered Online Trading account (you already have this).
  2. Identification documents for account opening—typically NRIC/Passport & proof of address .
  3. Submit or sign the W‑8BEN form and FATCA declaration—required for USD trading in U.S. markets sc.com+3forums.hardwarezone.com.sg+3seedly.sg+3.
  4. Make sure it’s linked to the same Online Trading account and mandates you already hold reddit.com+14cunghoidap.com+14reddit.com+14.


⏳ 3. Timeline & activation​


  • Activation typically takes around 5–7 working days after submitting the form and required documents .
  • Some users report that even after funding, the account may not appear until the branch has fully activated it—so allow for a full week before it's visible for trading .


✅ 4. After opening: fund and trade​


  • Use Transfer Between My Accounts (Internet/Mobile Banking) or LiveFX to convert SGD → USD and top up the USD settlement account reddit.com+9thefipharmacist.com+9seedly.sg+9.
  • Once the USD account is live and funded, you can select it when placing orders for U.S.-listed securities. Until then, the platform will default to your SGD account .


✔️ Summary – Step-by-Step:​


  1. Visit a Standard Chartered branch and request to open a USD Securities Settlement Account.
  2. Bring your ID + proof of address, and sign the W‑8BEN + FATCA forms.
  3. Wait ~7 business days for activation.
  4. Once approved, fund via internal transfer/LiveFX.
  5. Your USD settlement account will then appear as a selectable option when trading US securities.
Click to expand...
I opened nong nong ago, now I titally forgotten how to buy the stock from the Standchart platform 🫠
 
I

Imhthc

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Maybank isavvy for August since their promo started from July-Aug. As you may have observed, many banks have announced reduced promotional rates recently. Going to be a a challenge to find 2.x% rate and higher moving forward
 
nautilus

nautilus

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Anyone received their open BI for June yet? Seems that their BI payout is getting more inconsistent and later.
 
havetheveryfun

havetheveryfun

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guess they trying to still decide internally what constitutes as "wealth holdings" :s13: and also headache on how to calculate it.
 
A

AST781

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spikeling said:
I already received my June BI on 9 Jul. I am on exclusive invite for Apr- Jun period.
Click to expand...
These folks who yet to receive (including myself) are probably on the public / invite scheme for June - July batch. But the T&C already stated they have up till 25 of next month, so I dun get why one by one transform into kancheong spider.
 
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