Call who? I asked the MBB malaysia branch that I went to if I can call her to get updates. She said no. Malaysia side won't have any update to give

I have 2 bank accounts in Singapore, Maybank and CIMB. Does anyone know what is the cheapest transaction costs for remitting funds from Malaysia to Singapore? What about from Singapore to Malaysia?

Cimb have offer now. If you can find cheaper option than them, they refund you the difference.

DBS is the chepaest.

If you have transferwise, it could be cheaper than DBS.

I don't know about MY > SG. If you have guts, use money changer remittance service. Definitely cheaper than banks.

ShinG3e

For Maybank KE Trade Prefunded Account, what is the best and fastest way to transfer money from a Singapore saving account to the Prefunded Account?

From Maybank Singapore online banking website, I used Payment > Electronic Payment for Shares (EPS) > Lump Sum Payment. If I transfer fund via EPS before 8 pm today, my trading limit will be updated only tomorow. As such, I can only buy share, tomorrow.
It is consistent wth what is stated in the FAQ website - settlement (http://www.maybank-ke.com.sg/contact-us/faqs/ke-trade/).

Is there a way to transfer fund from a Singapore saving account, and then the trading limit will be updated within an hour or so? Thus, we will have more chances to buy the share at a lower price.

Thanks for the advice. 

____

On a side note, I made a siliy mistake, when I first tried to buy share on Maybank KE trade website.    My Maybank KE Trade Prefunded account is linked to my Maybank iSavvy saving account, via Electronic Payment for Shares (EPS).

I wrongly thought that when I clicked 'buy on Maybank KE trade website, the fund would automaticaly be deducted from my saving account, via EPS. For sure, the share purchase was rejected, due to zero trading limit of my trading account. Yes, it is a silly mistake, but it is a lesson well learnt. 

hi,

i have browsed through this topic and it seems like most people are recommending opening a maybank iSavvy account. My question is is there a PDF application form to download? i went to maybank SG site and the only option was to fill up the online form.

since i will be heading to SG sometime in August. I guess i will head to a local branch to try my luck. May I also know what are the documents that are needed?

ShinG3e

For Maybank KE Trade Prefunded Account, what is the best and fastest way to transfer money from a Singapore saving account to the Prefunded Account? i do it using barter trade with a business owner in SG but resides in MY. The rates are following xe.com which is cheaper than bank transfer and money exchange house. 

From Maybank Singapore online banking website, I used Payment > Electronic Payment for Shares (EPS) > Lump Sum Payment. If I transfer fund via EPS before 8 pm today, my trading limit will be updated only tomorow. As such, I can only buy share, tomorrow.
It is consistent wth what is stated in the FAQ website - settlement (http://www.maybank-ke.com.sg/contact-us/faqs/ke-trade/).

Is there a way to transfer fund from a Singapore saving account, and then the trading limit will be updated within an hour or so? Thus, we will have more chances to buy the share at a lower price. i'm not sure about this thou.

Thanks for the advice. 

____

On a side note, I made a siliy mistake, when I first tried to buy share on Maybank KE trade website.    My Maybank KE Trade Prefunded account is linked to my Maybank iSavvy saving account, via Electronic Payment for Shares (EPS).

I wrongly thought that when I clicked 'buy on Maybank KE trade website, the fund would automaticaly be deducted from my saving account, via EPS. For sure, the share purchase was rejected, due to zero trading limit of my trading account. Yes, it is a silly mistake, but it is a lesson well learnt. 

Fastest way > FAST transfer (works from any SG bank) into Maybank KE prefunded. Just ask your remisier how to do about it.
If use EPS, needs to wait one day. For us Malaysian, only got 2 way:
1) FAST
2) EPS

You can do that (click buy and pay from your account) with cash account (not prefunded) via Maybank MCEP linkage. Only use this if you want to buy USD denominated shares on SGX.
Anyway, what's the rush? Tomorrow aims will most likely drop and you can then buy. 

i use prefunded acc to buy/sell. and yea you need to wait 1 day before the deposit is being reflected into your trading acc. better to park some money inside in advance rather than deposit only when you want to catch some shares.

also, any dividend receives will be going back directly to your prefunded acc. not your MBB SG acc. cause you bought your shares using prefunded. so the div goes back to prefunded acc. only bad thing is that they won't have live statement. but remisier told me that its coming dec 2017.

Alright, you also use EPS.   

Your method is better, as it avoids the delay of fund transfer. 0.3 to 0.4 % interest is given for the unused fund in the prefunded account, higher than 0.1875% in iSavvy saving account.
Yeap, same as what is stated here.
yup. pretty simple reason to do so. and just leave SGD500 in MBB SG is fine.


Sigh, for Maybank KE trade prefunded account now, we do not have eStatement that state the transactions and the breakdown of the associated fees. Other than the source of the fund, there should not be any difference in Maybank KE trade (cash) account and Maybank KE trade prefunded account.

Do you get your Contract Notes, via e-mail or post?

Thanks for the explanation. 

This is the information given by the remisier, on how to do FAST transfer.
Recipient’s name : Maybank Kim Eng Securities Pte Ltd
Recipient’s bank account : 040-110-232-02 ( Maybank, Singapore )
Description/ Reference/ Comments : XXXXXXQC

XXXXXX is six (6)-digit trading account number. QC is the code of the remisier.
Through FAST, the fund is transferred to the account of Maybank Kim Eng Securities, instead of directly to our prefunded account. It is a bit weird. If that is not a direct transfer, the remisier or other Maybank KE officers need to verify the source of the fund, before transferring the fund to our prefunded account, resulting in some delay. Well, it should be faster than 1 day, I guess.

Well, I do not really understand why EPS requires 1 day. The fund transfer from our Singapore saving account is done electronically. There should not be any paperwork or application form to be processed manually by a human. Maybe, there are some technicalities which I do not understand. 

Alright, you also use EPS.   

Your method is better, as it avoids the delay of fund transfer. 0.3 to 0.4 % interest is given for the unused fund in the prefunded account, higher than 0.1875% in iSavvy saving account.
Yeap, same as what is stated here.



Sigh, for Maybank KE trade prefunded account now, we do not have eStatement that states the transactions and the breakdown of the associated fees. Other than the source of the fund, there should not be any difference in Maybank KE trade (cash) account and Maybank KE trade prefunded account. So, how come the customers of Maybank KE trade prefunded account are left out?

Do you get your Contract Notes, via e-mail or post?

contract notes via post. lol. i've been telling them that even MY brokerage firms all been offering e-statement for dunno how long. but they are still old school. please bear with them since the feature is coming end of 2017. so okay la. 

did your remisier send u daily updates/news?

No, my remisier did not notify me anything. Then again, I am just a small-time customer.  Thus, I can't blame him, since he puts his attention on his more significant customers.

Other than contract notes, what else did you receive by post, after completing buy and sell transactions? Such as monthly hardcopy statement?

You do a FAST transfer, notify your remisier via whatsapp, Money will appear faster. Definitely faster than EPS. I think take few minutes. Haven't really try it out (still on DBS V as nothing to buy). But that was what my remisier told me. YOu want faster, use FAST> Make sure to put your trading account no in.

EPS is like our IBG la 

Cimb Fastsaver 1% lei. Use FAST transfer over to Maybank iSavvy. Have you open your Cimb FastSaver already?

All this while my contract notes arrive via air mail (I like it). Lately only DBS V start using email (based on the email they send me)

Is your remisier leslie? If yes, you will received news although it's much faster on SGX counters/S-reits thread or if you browse SG EDGE.

here you go: http://www.maybank2u.com.my/WebBank/iSAVvyMyForm_031011.pdf

apply and submit at MY bank. if you bring over to SG, they will ask for work permit.

I was a bit skeptical, since we cannot use FAST transfer directly to our trading account. FAST transfer must be done to account of the brokerage firm.

Next time, I definitely use FAST for sure, as suggested by you.
Nope, I did not open CIMB FastSaver account. For me, it would be too many saving accounts to monitor, and each has minimum amount to be maintained, to avoid monthly service charge. 

If I remember what you said, there is no minimum amount for CIMB FastSaver account. But, I do not have another SGD 1000 to spare in CIMB FastSaver account.
Yes. Back then, we followed the recommendation given by @gark.

i use prefunded acc to buy/sell. and yea you need to wait 1 day before the deposit is being reflected into your trading acc. better to park some money inside in advance rather than deposit only when you want to catch some shares.

also, any dividend receives will be going back directly to your prefunded acc. not your MBB SG acc. cause you bought your shares using prefunded. so the div goes back to prefunded acc. only bad thing is that they won't have live statement. but remisier told me that its coming dec 2017.