POSB recently integrated DBS Vickers into their internet banking. I can only say the integration is not very well thought of since new banking/trading account is actually used.
So, instead of holding only onto your POSB savings account and DBS Vickers trading account, you will now have a third account called DBS Vickers-Cash Upfront account. I admit I am at fault too for not reading fine prints and almost got myself into some inconveniences. I made payment to shares I bought through DBS Vickers trading account by doing a fund transfer to my newly created third account. The fund was transferred to my third account instead of DBS Vickers trading account.
I do not see an integration between POSB and DBS Vickers here. Trade done using DBS Vickers platform cannot be settled using the new trading service.
