Hi guys,

I want to have a local (as in SG) bank account to open up a stock account (having philip capital in mind) in SG. I have a passport and willing to travel down to SG to go to the banks to open.
-Msian citizen
-No SG job or earnings derived from SG
-Not SG PR or citizen

As I only need 1 account, here are my questions:
-What bank recommended to open?
-Able to do online banking from anywhere out of SG
-What is the process?
-Minimum value to open the acc? (I got 10k SGD in MYR currently)
-How to bring the cash across? Wired transfer or by hand?
-Any documents I need to bring there

I know there are ways to buy SG stocks from Msia but I want the flexibility of having my money there in case of keris kissing issues and also the fact that Msia is slipping in its currency strength (e.g. SG once was 1.x and now its 2.x and never dropping back)

Appreciate if someone who done it before let me know. Thanks.

Opening an account in Singapore is pretty easy actually. However, it is recommended that you try with any of the local banks (eg. DBS/POSB, OCBC, UOB) or our very own Maybank. All of the banks in Singapore including international banks such as HSBC, Citibank, Standard Chartered, RBS (soon to be rebranded into ANZ) and SBI, Maybank is the one to offer the highest interest rate in regular savings account. Besides, the minimum balance to avoid any penalty too is among the lowest among all the banks in Singapore. You can also link your Maybank Singapore account to your Maybank Malaysia account (if you have any) if you have access to M2U.



You should limit your option to Maybank, DBS/POSB, OCBC and UOB only.



It is possible with all the banks offering online banking services in Singapore.




Bring your passport, IC and a copy of bill under your name clearly stating your home address.



You have to check with the bank you intend to open an account about the minimum account opening deposit. Please bear in mind that all the savings account in Singapore have some sort of account service fee should your balance falls below certain amount. Usually it is S$500.



Just bring some SGD from Malaysia.

This post has been edited by MilesAndMore: May 17 2010, 02:50 AM

I think the answer u need can be found from those bank's website ... I use google to search and found some information u might need.

Search Result From Google

http://www.hsbc.com.sg/1/2/personal/deposits/savings-account

http://www.guidemesingapore.com/business/c...t-singapore.htm

Google alwiz our best fren

This post has been edited by almeizer: May 17 2010, 10:42 AM

Thanks for your help guys. I found this:

http://www.uob.com.sg/personal/deposits/sa...ng_account.html

Seems like its what I need.