Account Related

Cash Upfront Account FAQ

What is DBS Vickers Cash Upfront Account?

DBS Vickers Cash Upfront Account is a prefunded account in which you will need to top up sufficient cash into the account before executing a trade.

Note:

  • You will need to log in to your DBS/POSB iBanking account to access your DBS Vickers Cash Upfront Account.
  • Cash Upfront is only applicable to Buy Trades.
What accounts do I need to trade through DBS Vickers Cash Upfront account?

You will need an individual DBS Vickers online trading account and a DBS/POSB iBanking account. Don’t have an account? Click here to open a DBS Vickers online trading account.

Note: All applicants must be 18 and above to open a new DBS Vickers online trading account. Applicants who fall between the age of 18 and 20 years old will be considered as Young Investor. Click here to find out more about our Young Investor Programme.

How do I trade using DBS Vickers Cash Upfront Account via DBS/POSB iBanking?
You will need to perform a one-time activation to link your existing DBS Vickers online trading account to your iBanking account. In the Place Order page, please select “Cash upfront” under the Account selection to enjoy the preferential commission rate.
What are the markets that I can trade via DBS Vickers Cash Upfront Account?

Currently you can only trade Singapore stocks.

What are the commission charges when the trade is denominated in foreign currency?

All SG trades placed via DBS Vickers Cash Upfront Account will enjoy a competitive commission rate of 0.12%. The minimum commission for trades denominated in foreign currencies are as follows:

  • Denominated in USD: USD13
  • Denominated in EUR: EUR13
  • Denominated in AUD: AUD16
  • Denominated in HKD: HKD100
  • Denominated in CNY: CNY130
What are the hours that I can access DBS Vickers online trading services on DBS/POSB iBanking?

You are able to access this service 24x7 except during DBS/POSB iBanking or DBS Vickers maintenance.

How do I top up cash into my DBS Vickers Cash Upfront Account?

Log in to your DBS/POSB iBanking account, mouse over the “Invest” tab, click on “More Investment Services” and select “Top Up Cash to DBS Vickers Account”. You may transfer funds from your DBS Savings Plus/S$ Current/Autosave, POSB Savings/Current accounts or Cashline account to your DBS Vickers Cash Upfront Account.

Note: This service is available from 8.00AM to 11.30PM (indicative) on working days Monday to Friday. On the last working day of the month, this service is available from 8.00AM to 8.30PM (indicative).

How will I know if my cash top up transaction is successful?

You can check the available funds in your DBS Vickers Cash Upfront Account.

Note: You will need to log in to your DBS/POSB iBanking account to access your DBS Vickers Cash Upfront Account.

When will the funds be available in my DBS Vickers Cash Upfront Account after I make a cash top-up?

Funds will be available immediately.

Is there a limit for cash top-up?

There is no limit for cash top-up. However, there is a minimum top up amount of SGD 1.

Is there any service charge for cash top-up?

Currently there is no service charge for cash top-up service to your DBS Vickers Cash Upfront Account.

Can I do contra trading with DBS Vickers Cash Upfront Account?

No, contra trading is not allowed with DBS Vickers Cash Upfront Account.

Can I perform cash top-up at DBS Vickers Customer Centre or DBS branches?

No. You can only perform cash top-up via DBS/POSB iBanking account.

How do I do a withdrawal from my DBS Vickers Cash Upfront Account?

Log in to your DBS/POSB iBanking account, mouse over the “Invest” tab and click on “DBS Vickers Online Trading”. Click on “My Account” and select “Fund Withdrawal – Cash Upfront Account”.

Note: Fund withdrawal will take up to 2 working days to process.