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I accidentally purchased the stocks with the "CASH" account instead of "CASH UPFRONT"
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Elijah Lee
27 Mar 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi Zach,
If you purchased with the 'CASH' account then this works like most accounts which are CDP linked; i.e. you need to ensure that you settle on T+2 or else your shares will be force sold.
Depending on how your Vickers account works, this could be a GIRO deduction (ensure enough monies), or you might have to manually transfer funds into your account to settle.
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Hey there. Encountered somewhat similar to you and I know how you feel with the limited information ...
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If you paid with cash, then you will need to ensure there is money in your CDP linked bank account.