I opened 1 call Cash account...

Can someone englighten me as the personnel talked so complicated.....

Any Maybank investor here?

It seems you are investing at Maybank for it's unit-trust. Why the personnel talked into you buying even though it's complicated?

Remember, when you invest, there is potential risk of loss and great gains. By right, just choose the fund which is suitable to your needs.

Err, no it's share trading acc...

Just that the personnel kinda busy n less paying attention to my need.

Anyway, my senior ady explained it to me.

Thx for asking...

cash account means, whatever cash you deposit to this account, this will be the max limit you can use to buy the shares.
different from margin account.

oh, that means the limit is depend on the amount i deposit into the acc...

the personnel told me it takes 3 - 5 days to process the acc....

thx

3-5 days to process the acc? you just register for the acc? It should take about that duration.

If you deposit to the share acc from your MBB sav acc, it will take about 1 day (depending what time you deposit, they have different timing).

Cash account in my opinion is safer than margin for retail investor. If you have higher risk appetite, like most of my friends, they take margin acc.. limit is x2-3 of your amount in the trust acc.

Cash account... is like if you have 10k in the acc, your limit will be about 9.99k (the amount include the transact cost).

I opened saving acc at the same time with the trading acc.
Just that I hope the personnel didn't misunderstood me n gave me a margin acc instead

when is ready, you can check. if anything you are unsure, you can always ask them.

I think it been 3 days, when the acc is ready?

Do I need to put minimum deposit for it?

did you receive letter from them on your CDS number and trust account?
If no, then you can contact them/or the person that sign you up on the status.

when the account is ready, you will need to put money in else, you can't trade.

I ady put money RM1.2k Maybank account. Can?

I opened the account on Wednesday. Since Monday is holiday. I think they probably call today...

The RM 1.2k, you put in Maybank savings/current account, or the trust/share account?
Have you already gotten your CDS number?

I put it in the saving account. I thought saving account = trading account....

No, I haven't get my CDS number. They yet contact me nor email to notify me.

How do I know if they ady open the trading account for me?
I still need to wait for their notification right if they opened a trading account for me?

They called just now, they said I mistakenly put something weird in my company name column. I put my boss name in company column...

Zzz....

Nope.

Saving account is different from trading account
You can transfer the funds to trading account from saving acc via mb2u portal, if you have the online banking acc.

Both the CDS and trading account when is ready, they will either email (if you provide your email address) to you, or send you the hard copy mail. Email usually faster to notify. If the personel serving your acc is hardworking, he/she will also contact you about the status.

Once you has the CDS acc (via mail copy), your PIN for the trading account should be send together with the mail.
Once you have access to the trading platform... go through the details/info there, see if all are correct.

If confirm correct, then you can transfer the money from your saving acc to trading acc via the mb2u portal if you have access to it.
Depends on the timing, if you transfer in the morning, the funds will available at your trust acc within 1 day.... however, if you transfer in the evening, then the funds will available the next day at your trust acc.

Once you have the funds available at your trust account, you can start to trade accordingly.

Aiya, now only they tell you.
When you register the time, the personel didn't go through the application form?
so now, they need you to re-apply again?

Ya, she asked this afternoon wat my company name...
I think she fill in for me since she asked...

I was too noob that time for mistakenly filled wrong info...

no worries, always there is 1st time. but it will also mean, you will need to wait for another 1-2 weeks.
You can also ask her, estimately, when the application is approve... and what is the procedure such as she will inform you via email, hard copy, or call you..

Hi guys, I checked my maybank2u n I noticed that other than my saving acvount , there is a new account "personal current account"

So I called then but can't get them as the operator was busy...

So, I haven't receive my trading account but is it that we use current account for trading?

I googled n it stated that current account is for multiple transaction usage...

Trading account as in the Maybank Investment Bank account? That one is under "Trust Account".

I didn't see trust account...

The personal current account is under Account & Banking

The trust account is in the Maybank Investment Bank (Online Stocks) website.

Did you create your user ID and password when signing up for the brokerage account? It is required to log in to your Online stocks.

Alternatively, you can go to "Investments" and click "Real Time Online Stock Subscription" to go into your brokerage account.

Isn't that we should get the CDS number n trading account first?

One more thing, I went to deposit some minimum money into my Current Acc ...
After that, I logged in Maybank2u to check the amount.
I noticed that they have deducted RM 10.60 from my Saving Account & Current Account...
It's deducted from both account...

Is it the procedure?
I tried to get to Maybank personnel yet the operator still busy

CDS number is mainly used for applying IPOs and receiving dividends as far as I know and no, you do not deposit into your Current Account. Has nothing to do with your brokerage account.

For depositing into the trust account, there is another trading account number which will be given by Maybank. You are suppose to deposit the money using the Trading Account number provided by MIBB and NOT the CDS account number.

This post has been edited by ILoveLalat.net: May 9 2016, 01:52 PM

I see. So I am waiting for the trading account no...

Tqvm

Hi guys, can I check with u?

I finally get my CDS Account , Trading Account & Margin Account...

I thought Direct Cash Account don't have Margin Account?

deposit take 1 day??
hurm just open the trading platform account recently and deposit the money today..hope they process quickly..