Nice write up. Hope this would be helpful for all who desire to open an account at Singapore. But to open an account with Maybank Sg, you could actually open it through some Maybank branches over here. Check out the previous pages for this.

Bro plz share required document for opening account.

Would be great if can settle in one trip.

Appreciate if can share any additional information that need to know. E.g. Condition for approval.

Also I heard the account must have minimum balance right?

can clarify how to open sg acc without going there, for both priority or non priority?

Sure.
Priority
- Be priority with Standard chartered/UOB/OCBC/Maybank/ Cimb.
- Request RM to help you open over there.
- Most likely also need to be priority overthere.

Non priority
- Only one able is maybank isavvy application. Obviously, you need to be holding a maybank MY account or else you cannot do this.


Cimb is the easiest as once you got any SG bank account, you can just open it by doing a transfer from your SG bank account and it will be open. So IMHO, don't waste your cimb priority for this.No need to go down at all.

This post has been edited by Ramjade: Sep 28 2017, 01:46 PM

noted the maybank isavvy is online application now, and with the following requirements, no option for pdf submission?

Documents Requirement for Singapore Citizens or Permanent Residents

At the branch:
NRIC
Online
NRIC
Proof of Mailing Address (i.e. Utility/Telco/Bank statement with another bank in Singapore) where name and address must be the same as your NRIC
Image of your signature

Documents Requirement for Foreigners

At the branch:
Passport
Employment Pass
Proof of Mailing Address (i.e. Utility/Telco/Bank statement with another bank in Singapore) where name must be the same as your Passport and Employment Pass

No no. You don't apply from SG branch/Maybank SG website. If apply from SG side, sure cannot. Go download the maybank isavvy form google. Google this "maybank isavvy malaysia pdf" Choose the latest date (bottom right corner). Fill up the form, go to the branch you want (there are few branches listed on the back of the form), submit your completed form with min SGD500 bank draft + photocopy IC to the officer in charge +postage fees.

This post has been edited by Ramjade: Sep 28 2017, 03:21 PM

Last week I went to Singapore to try to open a bank account there.

I am a Privilege Banking customer in UOB Bank Malaysia. Since I wanted to open a UOB bank account in Singapore, I requested for a reference letter from my UOB branch and they provided it to me, though they said that it's no guarantee that the UOB branch in Singapore will open an account for me as it's getting more strict in Singapore.

I went to the UOB branch in Orchard Road and the lady staff (for account opening) that initially attended to me asked me what is the purpose that I would like to open an account. I said that it's for investment purpose. She said that it's getting more strict in Singapore for foreigners to open a bank account. Then she said that she will refer me to another colleague who is in the investment department (at that point of time, a thought came to my mind that I shouldn't have said that the bank account is for investment purpose).

This other colleague of hers was also another lady. She tried to engage in some small talk and ask about my background. Then she tried to sell me on some kind of unit trust savings plan, that goes together with a savings account. The bad thing about this unit trust savings plan is that you have to put in a monthly sum for five years. You can only withdraw a partial sum before the end of the five years, so this means you will lose money if you withdraw before the end of the five years. And the minimum amount that the branch will apparently accept from a foreigner is S$1000 per month! Obviously I didn't agree with the unit trust savings plan and she wasted 40 minutes of my time. Before I left, I told her that I was disappointed.

Anyway, I haven't given up on opening a bank account in Singapore yet. I'll try again with two other UOB branches since I understand that not all branches are the same and some could possibly be more lenient than others.

As a note, please do not go and open an account with UOB branch in Orchard Road. Try other branches.

This post has been edited by kenviro: Oct 19 2017, 08:10 AM

yes Kenviro.. go to few more branches.. please note in SG.. if you intend to purchase the unit trust, the sales charge can be negotiated. and there is no SOP...

Thank you so much for the updates, Kenviro,... your experiences here and very helpful to many Malaysians who are keen to open bank accounts there. Try a few more branches and update here.

If they ALL don't work out, we can try other methods which follow MAS rules too.

Still waiting for my isavvy account update. Opened the account via premier wealth centre at the branch and till now am still waiting. RM says need to wait for the card and account details to be mailed to my address first.

Call them up and ask (Maybank SG). They won't approve your application if you don't submit the CRS form.

All submitted. Which no can I call bro?

Nowadays they need your income tax information??

My isavvy was just approved. Called up Maybank sg and asked.

sure can but you better check their rules and regulations

i think they pose hefty penalties for dormant accounts and assess by month summore

+6565335229 - this is normal customer service not the priority line.

Normal customer verification. Tell them you are enquiring about account application status. Let them know you make an application from Maybank (insert branch name).

This post has been edited by Ramjade: Oct 20 2017, 09:18 AM

Just do a transfer between each account to prevent it from being dormant. Transfer is free of charge. Why are you quoting a 2010 post

If you guys are thinking of investing in SG directly thru CDP, pls take note that Maybank SG is NOT one of the bank acct requirements to open a CDP Acct..

Hence, open custodian accounts instead, you can use your Maybank SG acct to transfer funds into your cash account with your custodian broker co...

Just a suggestion here : anybody tried opening an acct with ICICI Bank in SG ?

I have the reference letter as well but I haven't been there. Till waiting for free time to go over. Thanks for your highlight.

Since I am going to Singapore again only some time next year, I won't be able to try two other branches until then.

I think that you should try one of the UOB branches that is outside the city, like in Toa Payoh or Ang Mo Kio. That's because most of the UOB branches in the city see numerous bank account applications by Malaysians, as least from what I understand from that lady banker in the Orchard branch. Going to a UOB branch that doesn't see that many applications by Malaysians or foreigners could help.



This post has been edited by kenviro: Oct 23 2017, 12:45 PM