How do I deposit money to CDS Account using online

Maximin · 1 How do I deposit money to CDS Account using online Tue Dec 20, 2011 10:20 am

Maximin

Equity Analytic

Posts : 21
Equity Stars : 3639
Reputation : 6
Join date : 2011-05-02
Location : Colombo

I've been visting my broker everytime, when I deposit money to CDS Account. I have a HSBC account and who are the brokers, who allow to do online transfer using HSBC account (or Sampath Bank Account)

twimalasuriya

twimalasuriya

Senior Equity Analytic

Posts : 81
Equity Stars : 3653
Reputation : 6
Join date : 2011-06-28
Age : 44
Location : Colombo

@Maximin wrote:I've been visting my broker everytime, when I deposit money to CDS Account. I have a HSBC account and who are the brokers, who allow to do online transfer using HSBC account (or Sampath Bank Account)

i have transfered funds to acuity using sampathnet where they are listed as a "payee".

in hsbc online and hnb online, they are not listed as a payee, but you can do a 'third party transfer' to their account and put your cds account number as reference.

after transferring i normally send them a mail with the reference number and cds number to make sure they dont mess it up.

2011_NewComer

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Equity Stars : 4403
Reputation : 77
Join date : 2011-03-10
Location : Colombo

Mine is Capital Trust and I transfer online to their HSBC account.
I'm also using the Com bank Share trading payment option.

After transferring money I normally email a screenshot of the transfer.

Your broker must be having some bank A/C numbers. So can't you transfer to one of them using HSBC online transfer?

Smile

sanjayagps

sanjayagps

Equity Analytic

Posts : 33
Equity Stars : 3407
Reputation : 0
Join date : 2011-12-19

I've done this from sampath vishwa (sampath seems to be retiring sampathnet) to BMS (bartleet mallory stock brokers). You need to create a third party payee and then you can transfer funds to almost any bank account.

I've done this once but forgot to mention the cds account number in the advice. Still it got credited to my cds account as BMS requests the id number from the bank for deposits.

It took about 2 days for the balance to appear. (or was it about 3 days?) Next time I am going to add a remark with my cds account number and see if it gets credited faster..

2011_NewComer

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Equity Stars : 4403
Reputation : 77
Join date : 2011-03-10
Location : Colombo

@2011_NewComer wrote:Mine is Capital Trust and I transfer online to their HSBC account.
I'm also using the Com bank Share trading payment option.

After transferring money I normally email a screenshot of the transfer.

Your broker must be having some bank A/C numbers. So can't you transfer to one of them using HSBC online transfer?

As twimalasuriya has said HSBC transfer is a Third party transfer..Not a direct transfer like in Combank Share trading payment. (Forgot to mention that.)

Universalgoal

Universalgoal

Assistant Vice President - Equity Analytics

Posts : 859
Equity Stars : 5505
Reputation : 38
Join date : 2011-09-15
Age : 38
Location : Universe

i am using combank share trading payment it is more relaiable

sanjayagps

sanjayagps

Equity Analytic

Posts : 33
Equity Stars : 3407
Reputation : 0
Join date : 2011-12-19

Could you guys explain more about Combank Share trading payment?

Do you need a combank account and online banking facilities to use?

Also how soon does the money get credited to the cds account?

2011_NewComer

2011_NewComer

Senior Manager - Equity Analytics

Posts : 559
Equity Stars : 4403
Reputation : 77
Join date : 2011-03-10
Location : Colombo

@sanjayagps wrote:Could you guys explain more about Combank Share trading payment?

Do you need a combank account and online banking facilities to use?

Also how soon does the money get credited to the cds account?

Yes, you need to have a Commercial bank account and online facility.

I think only these brokers support it.

[img] How do I deposit money to CDS Account using online Comban10

How do I deposit money to CDS Account using online Comban10

[/img]

Normally my account is updated next day morning.

Maximin

Maximin

Equity Analytic

Posts : 21
Equity Stars : 3639
Reputation : 6
Join date : 2011-05-02
Location : Colombo

@twimalasuriya wrote:

@Maximin wrote:I've been visting my broker everytime, when I deposit money to CDS Account. I have a HSBC account and who are the brokers, who allow to do online transfer using HSBC account (or Sampath Bank Account)

i have transfered funds to acuity using sampathnet where they are listed as a "payee".

in hsbc online and hnb online, they are not listed as a payee, but you can do a 'third party transfer' to their account and put your cds account number as reference.

after transferring i normally send them a mail with the reference number and cds number to make sure they dont mess it up.

Thanks twimalasuriya for answering my question. I just spoke with the broker and got their HSBC account number. She asked me to make the transfer using internet banking and just to email the printscreen to her. I am going to transfer a small amount to test and if it success, will use online transfer hereafter.

bakapandithaya

bakapandithaya

Vice President - Equity Analytics

Posts : 1447
Equity Stars : 6270
Reputation : 58
Join date : 2011-09-17

Only com bank? any other bank providing same online facilities

Sponsored content

Latest topics

How do I deposit money to CDS Account using online

1 How do I deposit money to CDS Account using online Tue Dec 20, 2011 10:20 am

Maximin

2 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 10:43 am

twimalasuriya

3 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 10:43 am

2011_NewComer

4 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 10:49 am

sanjayagps

5 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 10:50 am

2011_NewComer

6 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 10:56 am

Universalgoal

7 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 11:01 am

sanjayagps

8 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 11:09 am

2011_NewComer

9 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 11:14 am

Maximin

10 Re: How do I deposit money to CDS Account using online Tue Dec 20, 2011 11:32 am

bakapandithaya

11 Re: How do I deposit money to CDS Account using online

Sponsored content