Welcome Guest ( Log In | Register )

315 Pages « < 79 80 81 82 83 > » Bottom

Outline · [ Standard ] · Linear+

 Opening a Bank Account in Singapore

views
     
jack2
post May 9 2018, 11:13 PM

Mr
********
All Stars
15,192 posts

Joined: Oct 2004
QUOTE(elea88 @ May 9 2018, 09:13 PM)
Just came back from SG. i heard from bank staff,  by July 2018.. Malaysians cannot open ac in Sg anymore unless got working permit. So if u want open yr ac do it fast...
*
I went UOB OCBC they didn't want to allow me la...need working permit
prince_mk
post May 10 2018, 08:24 AM

Look at all my stars!!
*******
Senior Member
2,679 posts

Joined: Oct 2014


QUOTE(jack2 @ May 9 2018, 11:13 PM)
I went UOB OCBC they didn't want to allow me la...need working permit
*
yes not easy to open with them. unless you bring abundle of cash. perhaps will consider u.

u may try with Maybank or DBS.

I opened few years ago b4 they close the gate.

I think after this election, they might reconsider. change their perception against us.

This post has been edited by prince_mk: May 10 2018, 08:25 AM
ikanbilis
post May 10 2018, 10:14 AM

Trusted member since 2003
*******
Senior Member
2,543 posts

Joined: Jan 2003
QUOTE(jack2 @ May 9 2018, 11:13 PM)
I went UOB OCBC they didn't want to allow me la...need working permit
*
Dont go to the big 3. Go to Stan Chart at Raffles Place. There is a trick to let them open for you without questions. PM me if you want to know how.
coolguy99
post May 11 2018, 07:45 AM

Look at all my stars!!
*******
Senior Member
7,353 posts

Joined: Aug 2015



will the new govt impose rules for those who wants to open bank acc overseas?
Hansel
post May 12 2018, 05:07 PM

Look at all my stars!!
*******
Senior Member
9,361 posts

Joined: Aug 2010
QUOTE(coolguy99 @ May 11 2018, 07:45 AM)
will the new govt impose rules for those who wants to open bank acc overseas?
*
Anything is possible now,....
veera77
post May 14 2018, 11:21 AM

Regular
******
Senior Member
1,229 posts

Joined: Jul 2011
QUOTE(elea88 @ May 9 2018, 09:13 PM)
Just came back from SG. i heard from bank staff,  by July 2018.. Malaysians cannot open ac in Sg anymore unless got working permit. So if u want open yr ac do it fast...
*
Noted thx
TOMEI-R
post May 14 2018, 11:30 AM

Extraordinaire
*********
All Stars
24,219 posts

Joined: Mar 2007
From: Kuala Lumpur


QUOTE(elea88 @ May 9 2018, 09:13 PM)
Just came back from SG. i heard from bank staff,  by July 2018.. Malaysians cannot open ac in Sg anymore unless got working permit. So if u want open yr ac do it fast...
*
It has already been a known fact that Malaysians are not allowed to open an account in SG if you dont have a work permit. nod.gif
elea88
post May 14 2018, 11:34 AM

Look at all my stars!!
*******
Senior Member
4,174 posts

Joined: Dec 2008


QUOTE(TOMEI-R @ May 14 2018, 11:30 AM)
It has already been a known fact that Malaysians are not allowed to open an account in SG  if you dont have a work permit.  nod.gif
*
can still open now. just go support with some unit trust etc...
Ramjade
post May 14 2018, 11:58 AM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(TOMEI-R @ May 14 2018, 11:30 AM)
It has already been a known fact that Malaysians are not allowed to open an account in SG  if you dont have a work permit.  nod.gif
*
Please la. That's not true.
TOMEI-R
post May 14 2018, 12:17 PM

Extraordinaire
*********
All Stars
24,219 posts

Joined: Mar 2007
From: Kuala Lumpur


QUOTE(elea88 @ May 14 2018, 11:34 AM)
can still open now. just go support with some unit trust etc...
*
QUOTE(Ramjade @ May 14 2018, 11:58 AM)
Please la. That's not true.
*
Only if you can justify why you need an account there.
elea88
post May 14 2018, 09:09 PM

Look at all my stars!!
*******
Senior Member
4,174 posts

Joined: Dec 2008


QUOTE(TOMEI-R @ May 14 2018, 12:17 PM)
Only if you can justify why you need an account there.
*
For investment. For savings.. good enough reasons. i actually open all my Bank accounts using these Reasons.
afterall.. its the. FINANCIAL HUB OF ASIA.

I was in Maybank Sg to close my bank account. and the girl behind counter
ask me if i sure want close coz after July 18 cannot open without Work Permit. After that i walk to OCBC to do banking and the staff there say same thing.

True or not i hv no idea.. i hearsay from the 2 bank staff only and just sharing here.




Ramjade
post May 14 2018, 09:12 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(elea88 @ May 14 2018, 09:09 PM)
For investment. For savings.. good enough reasons. i actually open all my Bank accounts using these Reasons.
afterall.. its the. FINANCIAL HUB OF ASIA.

I was in Maybank Sg to close my bank account. and the girl behind counter
ask me if i sure want close coz after July 18 cannot open without Work Permit. After that i walk to OCBC to do banking and the staff there say same thing.

True or not i hv no idea.. i hearsay from the 2 bank staff only and just sharing here.
*
Which means true. Haiz...

So much for being "financial hub"
kart
post Jul 9 2018, 10:30 PM

Regular
******
Senior Member
1,603 posts

Joined: Aug 2014
I have a CIMB FastSaver Account.

Recently, I received a call from an officer from CIMB Singapore, saying that the officer is assigned to be my personal banker.

Huh, CIMB FastSaver Account is just a normal savings account. I am just an average Joe. Thus, I am not someone with substantial deposit in the bank, to the extent that the bank assigns a personal banker to me.

Is this call genuine? And, is there any fee in getting any advice or service from this personal banker?

This post has been edited by kart: Jul 9 2018, 10:30 PM
Ramjade
post Jul 9 2018, 11:40 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(kart @ Jul 9 2018, 10:30 PM)
I have a CIMB FastSaver Account.

Recently, I received a call from an officer from CIMB Singapore, saying that the officer is assigned to be my personal banker.

Huh, CIMB FastSaver Account is just a normal savings account. I am just an average Joe. Thus, I am not someone with substantial deposit in the bank, to the extent that the bank assigns a personal banker to me.

Is this call genuine? And, is there any fee in getting any advice or service from this personal banker?
*
Best way is call Cimb SG yourself up and ask. Keep in mind that it's not worth keeping >SGD50k in Cimb SG. Max you should keep is SGF50k.
If you exceed that limit, find another place.
ganaesan
post Jul 10 2018, 01:36 AM

Getting Started
**
Junior Member
170 posts

Joined: Mar 2017


QUOTE(Ramjade @ Jul 9 2018, 11:40 PM)
Best way is call Cimb SG yourself up and ask. Keep in mind that it's not worth keeping >SGD50k in Cimb SG. Max you should keep is SGF50k.
If you exceed that limit, find another place.
*
What’s the reason behind it? Why not more than 50k?
Ramjade
post Jul 10 2018, 05:33 AM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(ganaesan @ Jul 10 2018, 01:36 AM)
What’s the reason behind it? Why not more than 50k?
*
Why? Good question.
<SGD50k = 1%p.a
>SGD50k = 0.6% p.a
I am not generous enough to let Cimb earn the 0.4%

This post has been edited by Ramjade: Jul 10 2018, 05:35 AM
roarus
post Aug 2 2018, 11:43 PM

Regular
******
Senior Member
1,042 posts

Joined: Jan 2003
Managed to open both Maybank iSAVvy and CIMB FastSaver-i thanks to the info here.

Here's my journey if it helps anyone in the future:

Maybank:
1. Downloaded and filled in iSAVvy application form from maybank sg site
2. Submitted form, IC and utility bill to Maybank SS15 Subang Jaya branch on Raya eve (14 June 2018)
*was told utility bill not required if IC and mailing address in form is same, but no harm including it
*did not attach bank draft for initial amount of SGD500
3. Waited around 3 weeks and heard nothing yet, dropped an email to CallCentre@maybank.com.sg (3 July 2018)
*before that unable to contact Maybank SS15 Subang Jaya as lines were always busy/gave up waiting on hold for person in charge of savings account
4. Got misscall from Maybank SG, and later an email informing me that relevant department has been notified regarding my application status check (5 July 2018)
5. Got a call from Maybank SS15 Subang Jaya, turns out the forms are still in Malaysia and will be couriered via DHL to Singapore the same day (10 July 2018)
6. Got an SMS from Maybank SG regarding OTP registration with my mobile number (16 July 2018)
7. Got a welcome call from Maybank SG regarding account activation and to lookout for pins, security token and debit card in the mailbox (17 July 2018)
8. Got my pins, security token and debit card in 2 separate batches over the week and following week (20 - 26 July 2018)
9. Transferred to cover Maybank and CIMB's initial opening amount via Instarem - RM10 off with welcome promo code (~5:30pm 30 July 2018)
10. Money appeared in Maybank SG account as inward FAST transfer, amount as shown during Instarem transfer confirmation - no inward fee like TT (~3:45pm 31 July 2018)

CIMB:
1. Applied using online form for CIMB FastSaver-i
2. Submitted form with uploaded IC (front + back) image and utility bill PDF
3. Got account number at the end of application and welcome email
4. Transferred via FAST the initial amount from Maybank SG (31 July 2018)
5. Got a call from CIMB SG, apparently my IC uploads weren't captured - had to attach and reply on top of welcome email (1 Aug 2018)
6. Got email acknowledging my attachments and SMS later in the day informing me that account has been activated (2 Aug 2018)
Update: After activation, you should expect to get code for cimbclicks First Time Login via SMS (together with welcome SMS), and security token via mail 1-2 weeks later

Also did MoneyMatch and Instarem registration:
1. MoneyMatch - online KYC
2. Instarem - 2 min KYC at my office area in Bangsar

This post has been edited by roarus: Oct 7 2018, 10:45 PM
State9
post Aug 9 2018, 12:12 AM

Getting Started
**
Junior Member
61 posts

Joined: Jan 2017


Dear all, I just joined to work at SG and need to open a DBS account for salary. However read comments on high initial deposit amount but their website mentionef no initial deposit required?? I'm a S pass holder. Pls advise. Post script i don't have much money yo deposit like 500sgd now.. 😌😌😌
MUM
post Aug 9 2018, 01:57 AM

10k Club
********
All Stars
14,931 posts

Joined: Mar 2015

QUOTE(State9 @ Aug 9 2018, 12:12 AM)
Dear all, I just joined to work at SG and need to open a DBS account for salary. However read comments on high initial deposit amount but their website mentionef no initial deposit required?? I'm a S pass holder. Pls advise. Post script i don't have much money yo deposit like 500sgd now.. 😌😌😌
*
since you need to have a Letter from the human resource department of current employer, you can ask your HR department to check out the latest requirement for you?
State9
post Aug 9 2018, 11:10 AM

Getting Started
**
Junior Member
61 posts

Joined: Jan 2017


QUOTE(MUM @ Aug 9 2018, 02:57 AM)
since you need to have a Letter from the human resource department of current employer, you can ask your HR department to check out the latest requirement for you?
*
Yea tomorrow will do as today is public. However just curious. Any past experience lads? Initial deposit for DBS

315 Pages « < 79 80 81 82 83 > » Top
 

Change to:
| Lo-Fi Version
0.0266sec    0.30    6 queries    GZIP Disabled
Time is now: 13th December 2025 - 03:18 PM