Sep 20 2024, 08:33 AM
QUOTE(lola88 @ Jun 16 2024, 12:10 AM)
Hi i plan to buy DBS shares via SGX CDP account. I have CIMB SG account.
As of now is it a must to have MAYBANK SG account to be eligible to sign up? Read this post on the steps and CIMB SG is not listed in the eligible banks.
https://blog.seedly.sg/step-step-guide-open...ount-singapore/
Direct Crediting ServiceAs of now is it a must to have MAYBANK SG account to be eligible to sign up? Read this post on the steps and CIMB SG is not listed in the eligible banks.
https://blog.seedly.sg/step-step-guide-open...ount-singapore/
Direct Crediting Service (DCS) allows you to credit your Singapore-dollar dividend payments or other cash distributions directly into your designated bank account. DCS is mandatory for new CDP account applications.
| # | domestic systemically important banks (D-SIBs) |
| 1 | DBS Bank (DBS) / POSB Bank (POSB) |
| 2 | Oversea-Chinese Banking Corporation (OCBC) |
| 3 | United Overseas Bank (UOB) |
| 4 | Citibank (Citibank) |
| 5 | Standard Chartered Bank (Standard Chartered) |
| 6 | The Hongkong and Shanghai Banking Corporation (HSBC) |
| 7 | Malayan Banking Berhad (Maybank) |
QUOTE
1. Why is CDP going cheque-free for cash distributions?
In line with Singapore’s aim to be cheque-free by 2025 and as part of SGX’s ongoing sustainability drive, CDP will be going cheque-free ***** from 1 Sep 2020 onwards. ********
2. How will I receive my cash distributions if I am receiving them via cheques now?
Please apply for Direct Crediting Service (DCS) to receive your cash distributions credited directly into your designated bank account.
Watch the Video Guide on how to apply or update DCS online.
In line with Singapore’s aim to be cheque-free by 2025 and as part of SGX’s ongoing sustainability drive, CDP will be going cheque-free ***** from 1 Sep 2020 onwards. ********
2. How will I receive my cash distributions if I am receiving them via cheques now?
Please apply for Direct Crediting Service (DCS) to receive your cash distributions credited directly into your designated bank account.
Watch the Video Guide on how to apply or update DCS online.
Quote
0.0333sec
0.61
7 queries
GZIP Disabled