QUOTE(physdude @ May 3 2018, 04:22 AM)
In my experience, that is a lot better than in Malaysia where $$$ or qualifications/professional expertise does not count but skin color and passport does. I had zero problems opening my HSBC Premier account in Singapore and was treated really well (and, for that matter, for US and HK accounts as well).
In contrast, I tried 6 banks here for opening a bank account for my wife and she advised me to give up in the end after looking at the extremely shitty way they would treat us. I also had to experience my share of insults and ridiculously disrespectful behavior while opening and operating my own bank accounts here (all premier ones since the premier qualifying amount here is quite small anyway) and just couldn't in many of them. Many of my Indian friends here have had the same issues though one is culturally and ethnically Indian but has an Australian passport and the behavior suddenly changes to polite as he brings out that passport!
Given that many of the bankers state outright lies like BNM doesn't allow non-workers to open bank accounts here, I have to wonder about the level of internal controls here and have given up the idea of investing any significant amount in this country and definitely not immovable stuff like real estate. The two Malaysians I have worked with before and who are very financially savvy also keep just a million ringgit or so here for basic family stuff but almost all their money is overseas.
I have to wonder how the bankers will behave if I turn up together with my British or Belgian bridge partners who have the same legal status as mine (MM2H) but who don't have problems opening bank accounts and are not given the same absurd lies and insults.
Given how much effort the govt puts into attracting people with the aim of investment with schemes like MM2H (and every govt employee I have dealt with has been unfailingly efficient and respectful so far - I definitely didn't expect that!), I wonder if they know the bank employees are sabotaging their work rather comprehensively. They definitely wouldn't need to raise the MM2H fixed deposit amount from RM 300k to RM 500k if not for this since very few MM2Hers would want to keep as little as RM500k (not even US$150k!) if they could have any confidence in the system. Quite a lot of the MM2Hers are Bangladeshi and the biggest proportion by far are the mainland Chinese. If they face the same issues I did, I have to assume that the Malaysian govt must have lost billions in investment just due to bankers who apparently weren't educated enough to know how to behave properly (why not hire them from Bangladesh or Indonesia also like they do for other jobs - they generally seem to be educated enough to behave well).

Bro,... I would like to express my thanks to you for this detailed write-up. I don't know abt others here, BUT personally I find your write up here very eye-opening indeed.
If you have tried SIX banks here, and they all behaved in the same way, then I would suggest you to go to Singapore. The only thing that is good here is the low currency. But what's the point of having a low currency if the goods and essentials and services are expensive ??
Let the Belgians, the Aussies and the British come,.... they will have a cultural shock later,... trust me,.... but,.. it's cheap because of their strong currency,..so, wth ?
You can't keep too much money in a ctry like,... err, Msia (if you are not Malaysian), or Australia, The US, and China,... every second, the gov't will just turnaround and confiscate everything,... The above are about the few countries I know that have threatened to do that,... AND,........ one ctry has done just that.
Look,... even if you can open a bank account in Msia, do you feel safe putting ur money inside that bank account ? Or perhaps, just put a minimum amount,... but you use the account for ur daily needs-lar,...this makes sense then.
In the world today.... what we have to remember is : govt is govt, people are people, we are not govt,... so, the people may sing a different song from the govt. Do not connect people's behaviour with govt motivations,... I'm sure you know this is true, it would be the same from wherever you came from.