I reckon it's a good deal. Lower brokerage fees, buy a few blue chip with good dividend rates that can best FD, counts towards priority banking requirements. Lounge access as bonus.

Hi, for trading via SmartStocks, SC consider these funds as your AUM too? If Yes, SC much better than other banks. Just google, SC take 0.05% brokerage for priority, 0% for priority private?

If neither, do you know what they charge for normal people?

0.1%

Ok la. RM250 in commission to populate RM250k in equities.

Hi.
Just to double confirm, the shares held under SCB SmartStocks nominee account will be considered part of AUM for SCB priority private status?

I walked into 2 different branches about a year ago.
1st branch said not considered.
2nd branch said yes
Perhaps the 1st RM I spoke to didn't want my business as most of my AUM will be shares.

Did you transfer your current shares from your CDS account over to SCB?
Was wondering if it is possible to do so without having to liquidate current holdings, bring the cash over and then purchase again.


On a separate note.
I understand that some of the benefits such as lounge access will be tied to the Priority Banking Visa Infinite credit card.
Does anyone know if the bank can take into consideration my dividend income from bursa listed shares if I'm currently not working, for the credit cad application?

Thank you!

Qualifying for the priority credit card is a minimum of 96k per annum. Assuming you have 100k dividend income, would mean your portfolio is at least rm2mil. I think they will give you the card.

It is possible to transfer from CDP into any custodian acct in SG. And vice-versa… there are steps to follow to achieve either…

Going bybthe above principle, it shld be doable in Msia too. You just need to get hold of the forms to fill-up and to submit to the right parties.