Rhb multicurrency account or DBS multi currency (if you have DBS)

I am not sure the charges with receiving USD with RHB.

Funds in US in USD -> Multi currency account that can receive and store USD -> wire to moomoo or tiger. This is to ensure no double conversion.

If you use DBS, can direct bank in as both moomoo and tiger uses DBS.

This post has been edited by Ramjade: Jul 16 2024, 05:23 PM

Yes and no. You need Instagram Singapore. Not worth to use Instagram. Expensive.

Phone typo.

Think of it as fees for opening sg bank account. Still cheap. Vs parking 20k in SGD with banks in Singapore.

I have. The bank officer lied to you. My account have always been cimb free basic savings account.
You should have open cimb Malaysia first. Then only open CIMB sg. Then only link.

Don't tell the bank officer anything about CIMB sg. Just tell them you want to open cimb free basic savings account. After 6 months just close the ecosave -i account.

This post has been edited by Ramjade: Nov 18 2024, 10:03 PM

Same here. Sunway money have good rates now Vs moneymatch.

For now yes. But I saw someone manage to get better rates with wallex. Haven't investigate as no plan to bring money back to Malaysia.

Lucky you. Cimb, public bank at my place all want letter of employment.

Good to know that Sunway money and moneymatch can't beat midvalley. Maybe rhb can?

They can ask for proof of money. Definitely Malaysian income tax number will be asked.

Of course. They want proof of your address. Bank statements they want is verification of account. Normal la.

Supposedly it's requirement by Bnm to produce employment proof to prevent money laundering. I kena with public bank also.

This post has been edited by Ramjade: Nov 21 2024, 09:45 AM

Please don't just put money in sg bank account and leave it... Use it to invest. Putting money into SG FD or bank account, better you out into EPF.

Sg banks only. If you like reits lots of selection. I don't hold any more Singapore reits in my portfolio. If you are ok holding stuff which give like 5-6%p.a with minimum (max 1-2%p.a increase in dividend) to negative growth yearly

SG banks are basically my official banking tool. Me and many use them to invest overseas cheaply. Reason is we use interactive broker and they don't allow RM deposit or withdrawal. But they do accept SGD. So if you are investing long term, interactive broker is cheaper than moomoo Malaysia by miles (commision, exchange rate) and not to mention more market than just the US.

If the day comes that interactive broker accept direct funding, withdrawal and conversion of ringgit, I won't send my money to Singapore.

Hope that explains it.

Just open account and you will know. If you keep posting questions until when also you won't open account. Lol

Card will take like 1 month to arrive.

This post has been edited by Ramjade: Nov 27 2024, 11:09 AM

DBS if you are willing to make the journey down.

This post has been edited by Ramjade: Dec 17 2024, 08:11 PM

Of course. But they don't need sg address. But you need to be there in person.

Specifically DBS HQ at MBFC.

This post has been edited by Ramjade: Dec 17 2024, 08:13 PM

Doesn't matter. The multi currency account comes with SGD. You will still get SGD bank.

The question is whether they want to open for you.

This post has been edited by Ramjade: Dec 17 2024, 08:15 PM

Willingness to come to SG.
Willingness to wait 4-6H
Willingness to beg
Willingness to open DBS Vickers account
SGD3k
Utilities bill
Malaysian bank statement
Pay slip
Income tax filling

Above should be more than enough. But no guarantees.

This post has been edited by Ramjade: Dec 17 2024, 08:50 PM

One time trouble. I open mine since the peak of 1mdb days.

This post has been edited by Ramjade: Dec 17 2024, 08:52 PM