When is the recommended time for deposits?
|
Term deposits let you invest for a set amount of time and get a fixed interest rate. They can be useful when saving for bigger items like a car, or investing when you want to be certain about the interest you'll earn. Show
If you want to save but might need quick access to your money, a savings account could be better. Why use a term depositTerm deposits are a low-risk way to invest your money and earn a fixed rate of interest. They lock away your money for the time that you choose (the term), usually between one month and five years. If you need your money before the term ends, you have to pay a penalty fee. You need a minimum amount to open a term deposit, for example, $5,000. Higher interest rateThe higher the interest rate, the faster your money will grow. Term deposits offer a higher interest rate than most transaction and saving accounts. Generally, the more money you put in, or the longer you invest, the higher the interest rate. Government deposit guaranteeTerms deposits are a low-risk investment. They are protected by the Australian Government's financial claims scheme. This guarantees to pay you up to $250,000 for deposits in the unlikely event your bank, credit union or building society fails. This guarantee applies per person and per institution. No set-up feesMost term deposits have no set-up or account fees. But if you need your money before the term ends, you generally have to give 31 days notice and pay a penalty fee. Check the terms and conditions to see how much the penalty fee will be. Linked accountWhen you apply for a term deposit, some providers will ask you to open a linked transaction account. This is where they will pay your interest. You should check if the linked account has any fees. You can ask if they can pay the interest into an account you already have. Be wary of investments that are advertised to be ‘like’ a ‘term deposit’. Products spruiking even a two or three percentage point higher return than a term deposit represent significantly higher risks. Choosing a term depositAlways shop around for the highest interest rate and best features before you pick a term deposit. It's important to check:
Comparison websites can be useful, but they are businesses and may make money through promoted links. They may not cover all your options. See what to keep in mind when using comparison websites. What to do when your term deposit maturesTerm deposits are not a 'set and forget' investment. When your term deposit matures, your provider will contact you. They'll tell you how much interest you've earned and what your options are. If you do nothing, your term deposit may roll over into a new term deposit. There may be a fee to get your money out of the new term deposit. It could also have a lower interest rate than before. Review your term deposit two weeks before it matures. Compare it with other products to make sure you're getting the best deal. A simple, hassle-free and secured Internet banking services that allows Standard Chartered customers to perform banking transactions through the Internet anywhere and anytime of the day. We have recently enhanced our Internet banking to serve you better. You can now enjoy the new features and benefits: Yes. This service is available 24 hours a day, 7 days a week. However, we do conduct periodical maintenance on our servers to ensure that they are at optimum operational efficiency. Yes. As long as you have access to the Internet with the recommended Internet
browser, you will be able to access the service. Individuals: To use this service, you must have at least a transactional, investment, card or loan account with Standard Chartered Bank (Singapore) Limited. Companies: you must have at least a transactional, investment, card or loan account with Standard Chartered Bank (Singapore) Limited. Please call 1800 747 7000 for more
information and instant application. For instant PIN application and activation, please call our Customer Service Officer at 1800 747 7000. In order to login and perform the secured transactions, you need to have an active mobile phone through which you can receive your Temporary Password and Additional Logon PIN (ALP) SMS messages. Yes. Upon receiving your Internet Banking Temporary ID and Temporary Password, you can start using the service right away. There is no extra charge for using this service. You can visit any of our branches or simply call Customer Service Officer at 1800 747
7000 for instant update. Temporary ID is a 10-digit number issued to each registered customer. This number is used for the purpose of identifying our customers when activating their Internet Banking service online. For
the enhanced Internet banking, we no longer use the NRIC/ Passport of the customer as the default User ID. Temporary Password is a random 6-digit number generated during registration. This is the PIN whereby you use to logon to our Internet Banking together with your Temporary ID. This PIN is unique to each customer for the purpose of first time activation or login. There are 2 methods through which the Temporary Password is provided to the customer: The SMS Temporary Password normally expires within 5 days. Your SMS messages will indicate the expiry date. You will need to activate your Internet
Banking service within this period. If your Temporary Password has expired before you are able to activate our service, please contact our Service Consultants for a replacement Temporary Password. To avoid confusion, we encourage you to delete the SMS from your mobile phone when the Temporary Password has been successfully keyed-in to Internet Banking and accepted. No, your Internet Banking Temporary ID,
Temporary Password and ALP are unique to the Internet Banking service. You need to re-apply for a new set of ID and PIN. Kindly contact our Service Consultants at 1800 747 7000 for your replacement. Yes, you may change your PIN, using the 'Change Password' service, anytime to ensure security. If you suspect that your PIN has been stolen or exposed to others, please call our Customer Service Hotline at 1800 747 7000 to terminate the PIN immediately. The Bank will issue you a new set of ID and PIN. To protect your accounts, your access will be locked after 3 unsuccessful attempts. You can have it unlock by calling our Customer Service
Officer at 1800 747 7000 or by visiting any of our branches. Yes. You can see a summary of your accounts at the Overview Homepage once you have login to our Internet Banking. Yes, just click on "Transaction History" and select the individual account for transaction details. You can view transactional history up to 60 days for deposit and overdraft account, 1 year for loan account and last 3 statements for credit card account. Yes. You can select your latest transaction or historical transactions that you wish to keep and click on the 'Download CSV file' button to save the information on the excel spreadsheet for your tracking. Yes. You can view your corporate deposit and loan accounts only. Trade accounts are currently not available online. The minimum deposit for opening a Singapore dollar Cheque & Save account is SGD 5000. Whereas the minimum deposit for opening a foreign currency account is USD 5000 or equivalent. It is applicable only to personal accounts. The minimum deposit for opening a Singapore dollar Time deposit account is SGD 5000 (for individuals
only). Whereas the minimum deposit for opening a foreign currency Time deposit account is USD 5000 or equivalent (for individuals only).
Application Accounts Credit Card Loans Insurance Transfer* SME (For SME customers only) Personal*
* Subject to the participating banks’ capability to support FAST payments to credit cards and personal loan account.
Personal information maintenance
Personalization
New Online Trading Platform
It provides the following key features: Please call our contact centre hotline at 1800 242 5333 (local) or +65 6242 5333 (from overseas) Yes you are able to place orders anytime during the day. However, do note that orders that are placed outside the exchange trading hours will be accepted only upon the reopening of the trading hours. Such orders will be queued on a first come first serve basis.
For "Sell" order, the "Limit price" is the lowest price that you are prepared to sell your securities. For "Buy" order, the "Limit price" the highest price you are prepared to buy the securities. This is the triggered price for your sell order to be sent to the market for queuing/execution. GTD stands for “Good Till Date”, which is a period of time where your order will be valid for execution in the market. Once the GTD period is over, any unfilled orders will expire. The maximum GTD period is 14 calendar days. Stop Loss Orders:
Stop Loss order(s) can be cancelled but not amended. The executed part of the Stop Loss order cannot be cancelled, while only the outstanding part of the Stop Loss order can be cancelled before market closes on the trading day on which the executed part of the order is executed GTD orders: The GTD order will remain and be carried forward in the system over a period of time until:
The GTD order will be cancelled automatically and permanently when any of the following events occur:
GTD orders may not be performed due to fluctuation in stock price, inadequate market liquidity, system failure and any event beyond our control. The order may be fully executed, partially executed, unexecuted or even rejected.
Yes. Once your orders are submitted, they will be sent to the Bank instantly. After you have entered and confirmed the order/instruction details, an Order Acknowledgement Screen with an Order Reference Number will be displayed. This means that the Bank has successfully received your orders but it does not guarantee that your orders will be executed nor executed in a timely manner in the market. The
Bank will process your orders on a commercially reasonable basis. Your orders may NOT be executed due to fluctuations in stock price, insufficient market liquidity, system failure or any other events beyond the control of the Bank. It is a good practice and your responsibility to check your order status through the “Order Book” widget on the Online Trading Platform and “Trades” on the Mobile Trading App. The Bank will process your orders as long as they are valid. Orders remain valid until they are cancelled by you or have expired by the end of the trading day. You can sell the stock before settlement date as long as you have sufficient quantities in your securities holdings. You can make amendments to the order quantity, price and order type. Order amendments or cancellations made during trading hours will be handled on the same trading day upon receipt of instructions provided that the order has not been fully executed or cancelled. For partially executed orders, amendments or cancellations will apply to the unfilled order only. Please note that before an amendment request has been duly processed, we cannot entertain further amendments on the same order. Once a cancellation instruction is placed, you cannot withdraw your cancellation instruction or make further amendments to the same order. Acceptance of any amendments is subjected to acceptance from the respective exchanges.
Note:
You can only modify orders that are:
No. You can only amend or cancel your orders online. No, you do not need to have a CDP account. No. Unfortunately we do not offer such option at this point of time. No. The Online Trading system does not allow buy trades to be placed if there are insufficient funds in the relevant Securities Settlement Account. Available Purchasing Power is the available funds you can use to purchase securities. Calculation of Purchasing Power takes into account available cash balances, monies earmarked for trades pending settlement or orders placed (with provisions for price fluctuations) and relevant fees or charges amongst others. Purchasing Power is system generated and the figure(s) is indicative. The pre–requisites for trading are sufficient purchasing power and securities holdings. Hence you cannot place buy orders without sufficient funds, or place sell orders when you do not have sufficient securities. On the trade date, your fund holdings will be adjusted according to the actual debit amount. The exact amount will be debited from settlement account on settlement date which is generally 2 to 3 days after trade date for most exchanges. Please refer to the ‘Fees and Settlements’ segment below for the settlement dates of the different exchanges. You would not be able to buy shares if you face issues with purchasing power. Please contact our Online Trading hotline at 1800 242 5333 (+65 6242 5333 for overseas). No you are not able to. We do not allow buying of OTC stocks on the Online Trading Platform. You may sell existing holdings of OTC stocks through the Online Trading Platform. Please note that Stop Loss orders & GTD orders are not available for OTC stock markets. You may also contact us at 1800 242 5333 (+65 6242 5333 for overseas) to place a trade through our dealers. Dealer assisted rates will apply, which will be higher than the Online rates. You will receive SMS, Email and/or in-app notifications when your order is partially or fully executed. Please ensure that you provide your up- to- date mobile number and email address to ensure that you receive all trade notifications. Please note that for joint-name accounts, only the Primary Account Holder will be notified of the order confirmation. To configure your alert settings (Note that we do not send SMS for Price and News Alerts)
You may refer to “Setting an alert” on the Online Help Manual & Mobile Help Manual for assistance. You may sell existing holdings of SGX odd lots through the Online Trading Platform. Please note that Stop Loss orders & GTD orders are not available for SGX Odd lot market. You may contact us at 1800 242 5333 (+65 6242 5333 for overseas) to place a trade through our dealers. Dealer assisted rates will apply, which will be higher than the Online rates. Certain corporate action events (for example, stock splits and reverse stock splits) require customers' investment holdings to be adjusted to reflect the correct post-corporate action quantities. This enables customers to trade based on the correct quantities of that particular shareholding. During this period of adjustment, customers will not be able to enter orders for the affected shares over our Online Trading platform, but may do so by calling our Online Trading Hotline at 1800 242 5333 (+65 6242 5333 for overseas). Please note that the orders will be based on the adjusted post-corporate action quantities.
The information set out on this page is intended to provide general information and should not be treated as legal advice or a substitute for specific legal advice. Standard Chartered Bank (Singapore) Limited does not warrant its accuracy or completeness or accept any liability for any loss or damage arising from any reliance thereon. Information is correct as at the date of publication but may be subject to change without prior notice.
Call our hotline for further
information. 1800 747 7000 Alternatively, please complete our contact form and we will be in touch as soon as possible. Contact Me » When collecting a payment from the patient what is considered the best time?Tip 2: Collect Payments Upfront
The best time to pay is upon the appointment day while the patients are in your office. If you require patients to pay the same day they come in, you will not have to waste staff resources to chase them down later. You'll want to remind the patients about their copay obligations.
What's the best use for a charge slip?Which of the following best describes the use of a charge slip? Provides a patient with account activity for the day of service.
Which type of check has a stub attached that is used to indicate date in invoice numbers?Review Questions # 2. Which of the following is a recommended method used to figure the accounts receivable ratio?Which of the following is a recommended method used to figure the accounts receivable ratio? Divide the current accounts receivable balance by the average monthly gross charges.
|
