It appears that OCBC now allows their OCBC Securities customers to trade stocks by using their OCBC internet banking login. This can be done by linking the OCBC bank online account to the OCBC Securities trading account.
DBS had done something similar in the past with a linkage which also comes with a cash upfront feature that allows you to buy stocks at 0.18% commission (min $18).
While OCBC does not have this cash upfront feature yet, they are running a promotion (between 24 November 2010 and ends on 31 January 2011) where you can get a $10 commission rebate for every trade made.
Or so I thought (from their advertisements promoting the $10 rebate quite prominently).
According to the terms and conditions, the $10 commission rebate is only applicable for amalgamation of trades.
Amalgamation means putting in multiple buy or sell orders of the same stock on the same day.
So it seems that the commission rebate will not be applicable to single orders. So misleading….