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 Opening a Bank Account in Singapore

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Ramjade
post Apr 9 2018, 08:28 AM

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QUOTE(55665566 @ Apr 9 2018, 08:24 AM)
Eh, you can transfer to my RM acc, i transfer you from SG to your new account? win -win
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Cannot. To activate the account, money need to be transfer from your own account in SG under your own name. Cannot be under other people's name.
55665566
post Apr 9 2018, 09:00 AM

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QUOTE(Ramjade @ Apr 9 2018, 08:28 AM)
Cannot. To activate the account, money need to be transfer from your own account in SG under your own name.  Cannot be under other people's name.
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but u still need to have your very first acc in sg hmm
Ramjade
post Apr 9 2018, 01:44 PM

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QUOTE(55665566 @ Apr 9 2018, 09:00 AM)
but u still need to have your very first acc in sg hmm
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No problem for people who already have account biggrin.gif
elea88
post Apr 9 2018, 01:52 PM

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QUOTE(Ramjade @ Apr 9 2018, 01:44 PM)
No problem for people who already have account biggrin.gif
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thanks Ramjade for the guidance in opening the POSB.
However still need minimum $500, if not $2 will be charged
However, still better than my DBS AC.

its immediate open. Now i am in process in updating CDP, also need update
EPS & GIRO for Dbs vickers.
Ramjade
post Apr 9 2018, 02:18 PM

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QUOTE(elea88 @ Apr 9 2018, 01:52 PM)
thanks Ramjade for the guidance in opening the POSB.
However still need minimum $500, if not $2 will be charged
However, still better than my DBS AC.

its immediate open. Now i am in process in updating CDP, also need update
EPS & GIRO for Dbs vickers.
*
SGD 500 is small amount vs SGD3k

This post has been edited by Ramjade: Apr 9 2018, 02:18 PM
mrhseinpingq
post Apr 9 2018, 03:39 PM

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QUOTE(Ramjade @ Apr 9 2018, 08:28 AM)
Cannot. To activate the account, money need to be transfer from your own account in SG under your own name.  Cannot be under other people's name.
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Yes, that is why i do not have any bank in SG first, unable to open CIMB Fast Saver saving account.
Ramjade
post Apr 9 2018, 04:01 PM

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QUOTE(elea88 @ Apr 9 2018, 01:52 PM)
thanks Ramjade for the guidance in opening the POSB.
However still need minimum $500, if not $2 will be charged
However, still better than my DBS AC.

its immediate open. Now i am in process in updating CDP, also need update
EPS & GIRO for Dbs vickers.
*
You can only apply for EPS. Giro only available for singaporean.


QUOTE(mrhseinpingq @ Apr 9 2018, 03:39 PM)
Yes, that is why i do not have any bank in SG first, unable to open CIMB Fast Saver saving account.
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Then open other SG bank account first. Cimb is a lousy bank in SG. Only good to park temporary money. Otherwise totally cannot use for anything.

You can open from Malaysia by being priority on both side but is a perfect waste of good money. biggrin.gif

This post has been edited by Ramjade: Apr 9 2018, 04:02 PM
mrhseinpingq
post Apr 9 2018, 06:50 PM

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QUOTE(Ramjade @ Apr 9 2018, 04:01 PM)
You can only apply for EPS. Giro only available for singaporean.
Then open other SG bank account first. Cimb is a lousy bank in SG.  Only good to park temporary money.  Otherwise totally cannot use for anything.

You can open from Malaysia by being priority on both side but is a perfect waste of good money. biggrin.gif
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Before that I need open a Bank in Spore. But the point is I need open 1st.
The question here is not being which bank is good or bad.
The point is open the first account in Spore first.
Ramjade
post Apr 9 2018, 11:43 PM

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QUOTE(mrhseinpingq @ Apr 9 2018, 06:50 PM)
Before that I need open a Bank in Spore. But the point is I need open 1st.
The question here is not being which bank is good or bad.
The point is open the first account in Spore first.
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The answer can be found in this thread. If you are not hardworking to read through this thread, then good luck. I have written a long and detail step by step guide.
young_97
post Apr 9 2018, 11:52 PM

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QUOTE(mrhseinpingq @ Apr 9 2018, 06:50 PM)
Before that I need open a Bank in Spore. But the point is I need open 1st.
The question here is not being which bank is good or bad.
The point is open the first account in Spore first.
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Maybank iSavvy . Open from maybank malaysia initial deposit $500

Search iSavvy in this thread u will find more
mrhseinpingq
post Apr 10 2018, 05:16 AM

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QUOTE(young_97 @ Apr 9 2018, 11:52 PM)
Maybank iSavvy . Open from maybank malaysia initial deposit $500

Search iSavvy in this thread u will find more
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I search online for Maybank Spore iSavvy,
http://info.maybank2u.com.sg/personal/depo...gs-account.aspx

It said:

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

I am not working in Spore, so do not have Employment Pass.

Ramjade
post Apr 10 2018, 05:36 AM

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QUOTE(mrhseinpingq @ Apr 10 2018, 05:16 AM)
I search online for Maybank Spore iSavvy,
http://info.maybank2u.com.sg/personal/depo...gs-account.aspx

It said:

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

I am not working in Spore, so do not have Employment Pass.
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Please read the thread. All info are in the thread.
monsteru
post Apr 10 2018, 05:39 AM

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I went to ocbc few months ago. Got rejected tho. Saif I had to be working here or have a valid pass....
young_97
post Apr 10 2018, 08:48 AM

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QUOTE(mrhseinpingq @ Apr 10 2018, 05:16 AM)
I search online for Maybank Spore iSavvy,
http://info.maybank2u.com.sg/personal/depo...gs-account.aspx

It said:

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

I am not working in Spore, so do not have Employment Pass.
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No need. This one can apply in Malaysia maybank. No need go singapore.

tianqi
post Apr 10 2018, 09:21 AM

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QUOTE(young_97 @ Apr 10 2018, 08:48 AM)
No need. This one can apply in Malaysia maybank. No need go singapore.
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But when you want to close this account, you need to go to sg branch rclxub.gif (if im not mistaken)
Ramjade
post Apr 10 2018, 02:50 PM

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QUOTE(tianqi @ Apr 10 2018, 09:21 AM)
But when you want to close this account, you need to go to sg branch rclxub.gif  (if im not mistaken)
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Ask yourself why do you want to open account in SG in the first place if you plan to close the account.

If you want to close, better don't open in the first place.

This post has been edited by Ramjade: Apr 10 2018, 02:50 PM
mrhseinpingq
post Apr 10 2018, 04:50 PM

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QUOTE(young_97 @ Apr 10 2018, 08:48 AM)
No need. This one can apply in Malaysia maybank. No need go singapore.
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But need wait more than 1 month to make sure this account is open.
After open, do we Malaysian need go Spore to verification or activate this account?

Beside I found CIMB FastSaver able to open account too.


fred131
post Apr 10 2018, 05:07 PM

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For what I know..as of today 10th April 2018...

Both Singapore CIMB fastsaver account and Maybank iSAVvy Savings Account are for Singaporeans and
foreigners like Malaysians with employment pass or PR status only.

Those Malaysians who do not have employment pass or PR status in Singapore with resident address in
Malaysia need to deposit S$250,000 to open a account in Singapore.
young_97
post Apr 10 2018, 06:06 PM

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QUOTE(mrhseinpingq @ Apr 10 2018, 04:50 PM)
But need wait more than 1 month to make sure this account is open.
After open, do we Malaysian need go Spore to verification or activate this account?

Beside I found CIMB FastSaver able to open account too.
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No need go Singpaore for verification.

CIMB FastSavers can only open with FAST transfer for the initial deposit from another account with your name
mrhseinpingq
post Apr 10 2018, 10:51 PM

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QUOTE(fred131 @ Apr 10 2018, 05:07 PM)
For what I know..as of today 10th April 2018...

Both Singapore CIMB fastsaver account and Maybank iSAVvy Savings Account are for Singaporeans and
foreigners like Malaysians with employment pass or PR status only.

Those Malaysians who do not have employment pass or PR status in Singapore with resident address in
Malaysia need to deposit S$250,000 to open a account in Singapore.
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Wrong! Maybank iSAVvy can be opened in Maybank Malaysia, but need wait 1 months.
CIMB Fastsaver account can be opened by Malaysian not working in spore.

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