facebookHow do I pay for the stocks that are held on my DBS Vickers? Help guys! I do not want to lose my shares hahaha, any advice for me? - Seedly

Zachary Teo

Art Director at Ad Agency

14 Sep 2020

āˆ™

General Investing

How do I pay for the stocks that are held on my DBS Vickers? Help guys! I do not want to lose my shares hahaha, any advice for me?

I accidentally purchased the stocks with the "CASH" account instead of "CASH UPFRONT"

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If you paid with cash, then you will need to ensure there is money in your CDP linked bank account.

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.

Hey there. Encountered somewhat similar to you and I know how you feel with the limited information ...

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