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 Opening a Bank Account in Singapore

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Showtime747
post Oct 16 2018, 08:11 AM

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QUOTE(Hansel @ Oct 15 2018, 10:56 PM)
Bros,... I'm trying to see if I can support a price with a strong floor in this correction. But, whatever I do,... I'd have to try my best to ensure compliance, and not to influence the mkt wrongly, breaking mkt governance rules.

I believe in the SGX.
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I doubt 100 units would have enough influence on a market like SGX.

Despite the small amount, from the sound of it, you are doing something artificial to influence the market for your own gain. Better be careful especially in Singapore.

Hansel
post Oct 16 2018, 09:05 AM

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QUOTE(Showtime747 @ Oct 16 2018, 08:11 AM)
I doubt 100 units would have enough influence on a market like SGX.

Despite the small amount, from the sound of it, you are doing something artificial to influence the market for your own gain. Better be careful especially in Singapore.
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It's not just one-time 100 units,... I'd prepare a successive barrage of pockets of 100 units shares for a period of time, just like what a stabilization manager does.

Anyway, it's just a theory, bro,... I'd probably give up on this,...
markedestiny
post Oct 16 2018, 09:14 AM

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QUOTE(Hansel @ Oct 16 2018, 09:05 AM)
It's not just one-time 100 units,... I'd prepare a successive barrage of pockets of 100 units shares for a period of time, just like what a stabilization manager does.

Anyway, it's just a theory, bro,...  I'd probably give up on this,...
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Not worth the trouble, Hansel as small amount can't do much and big multiple amount would raise flag, it's a very thin line you are treading on.
Showtime747
post Oct 16 2018, 09:41 AM

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QUOTE(Hansel @ Oct 16 2018, 09:05 AM)
It's not just one-time 100 units,... I'd prepare a successive barrage of pockets of 100 units shares for a period of time, just like what a stabilization manager does.

Anyway, it's just a theory, bro,...  I'd probably give up on this,...
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I will not only look at the breadth, but also depth to see market sentiment.

If I as a small ciku will look at it that way, the big punters will be more clever than me.

I think those market movers and shakers have algorithm to play the game. Always one step ahead of retailers. And create many accounts as a "team" to achieve what they want.

Anyway, very interesting thoughts thumbup.gif
myprop9
post Oct 16 2018, 10:11 AM

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QUOTE(cashie @ Oct 15 2018, 04:50 PM)
how can I transfer money from cimb sg to other sg account? anyone know for fast account
it doesn't have the option in cimbclicks malaysia.
Do I need to login to cimbcliks singapore instead? I try the first-time login, but how to get the 6digit activation code?
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CIMB SG will sms you the six digit activation code once your Fastsaver Account is activated. You must use that activation code to register for Cimbclicks SG
myprop9
post Oct 16 2018, 10:18 AM

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QUOTE(Ramjade @ Oct 15 2018, 07:55 PM)
Use FAST transfer. And no it cannot be done via Cimb Malaysia website. Need to be done via Cimb sg website. Wait for password + security token to come in your mail.
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For CIMB Fastsaver SG Account there is no security token, as for me I gave my Singapore Mobile No so I will get TAC on my phone. Password + Security Token is for MBB iSavvy Account
myprop9
post Oct 16 2018, 10:19 AM

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QUOTE(cklimm @ Oct 15 2018, 10:57 PM)
Dude, which branch did you applied for your SG account? Unker applied mine at 2 Oct, and no news till now.
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MBB KL Main Branch at Menara Maybank
Krv23490
post Oct 16 2018, 11:26 AM

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QUOTE(Hansel @ Oct 16 2018, 09:05 AM)
It's not just one-time 100 units,... I'd prepare a successive barrage of pockets of 100 units shares for a period of time, just like what a stabilization manager does.

Anyway, it's just a theory, bro,...  I'd probably give up on this,...
*
Very fine line you are treading on, i think it is regarded as market manipulation . Read quite a few cases where they are sentenced a few months of jail.
Hansel
post Oct 16 2018, 01:46 PM

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Appreciated your comments, bros,... better to close this discussion,... I'm not doing this anymore,...
myprop9
post Oct 16 2018, 02:04 PM

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https://www.cimb.com/en/news/news/2018/cimb...decisions1.html

04 March 2018

CIMB enhances Malaysia-Singapore cross-border banking for customers
Suite of solutions offer convenience, preferential forex rates and fee-waived fund transfers1

Kuala Lumpur: CIMB Bank Berhad and CIMB Islamic Bank Berhad (“CIMB”) have introduced the Cross-Border Solutions, which enables customers with CIMB accounts in Malaysia and Singapore to enjoy seamless and efficient cross-border banking experience.

CIMB’s Cross-Border Solutions cater to any customer living in Malaysia or Singapore. With their CIMB conventional or Islamic accounts in both countries, they are able to conduct cross-border banking seamlessly between Malaysia and Singapore, providing the ultimate convenience for transactions like fee-waived fund transfers, preferential forex rates for online transfers and bill payments.

Samir Gupta, CEO of Group Consumer Banking, CIMB Group said, “As a leading ASEAN universal bank, CIMB is continuously innovating to provide the best value proposition and convenience to our customers across the region. The Malaysia-Singapore Cross-Border Solutions is testament to this commitment and is only the beginning, as we leverage on our strong ASEAN network to provide similar convenience for our franchises in Indonesia, Thailand and Cambodia, with the expectation of making banking within ASEAN as seamless as possible for our valued customers”.

Benefits of the Cross-Border Solutions currently available in Malaysia and Singapore include:

· Single login to CIMB Clicks. Customers can manage and view both Malaysia and Singapore CIMB accounts at the same time via an integrated platform.

· Fee waiver for fund transfers between CIMB accounts using CIMB Clicks and fund withdrawals at over 6,000 CIMB ATMs across ASEAN with a CIMB ATM/debit card.

· Guaranteed2 cash rebate with a valid claim for online exchange rate for fund transfers from CIMB Singapore to CIMB Malaysia account via CIMB Clicks, valid until 31 December 2018.

· Ease of payment for Malaysian billers with over 600 registered providers on CIMB Clicks.

Additionally, there are benefits exclusive to CIMB Preferred customers:

· Ease of account opening. The opening of CIMB Singapore account can be facilitated in Malaysia.

· A dedicated Relationship Manager for the customer’s wealth management needs in both Singapore and Malaysia, with unparalleled priority service at any CIMB branch in ASEAN.

For more information, customers can visit any CIMB Bank or CIMB Islamic Bank branch in Malaysia or log on to www.cimbbank.com.my or www.cimbislamic.com.my.

CIMB Preferred customers can also get in touch with their Relationship Manager for further information, log on to www.cimbpreferred.com.my or call the CIMB Preferred Call Centre at 1 300 885 300.

1Subject to terms and conditions.

2 Eligible customers who submit a valid claim shall be entitled to receive a cash rebate if a better Bank “Buy SGD, Sell MYR” exchange rate is offered by another bank in Singapore via their internet banking website or mobile application (“Competitive Rate”) than that offered by CIMB Bank.
Ramjade
post Oct 16 2018, 03:27 PM

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QUOTE(cklimm @ Oct 15 2018, 10:57 PM)
Dude, which branch did you applied for your SG account? Unker applied mine at 2 Oct, and no news till now.
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You need to follow up yourself. They won't contact you

QUOTE(myprop9 @ Oct 16 2018, 10:18 AM)
For CIMB Fastsaver SG Account there is no security token, as for me I gave my Singapore Mobile No so I will get TAC on my phone. Password + Security Token is for MBB iSavvy Account
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I got security token and option for SMS TAC.

QUOTE(Hansel @ Oct 16 2018, 01:46 PM)
Appreciated your comments, bros,... better to close this discussion,... I'm not doing this anymore,...
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Er you haven't let us know the broker name which offer good fee for retail customer unless it's only open for PB customer.

QUOTE(myprop9 @ Oct 16 2018, 02:04 PM)
https://www.cimb.com/en/news/news/2018/cimb...decisions1.html

04 March 2018

CIMB enhances Malaysia-Singapore cross-border banking for customers
Suite of solutions offer convenience, preferential forex rates and fee-waived fund transfers1

Kuala Lumpur: CIMB Bank Berhad and CIMB Islamic Bank Berhad (“CIMB”) have introduced the Cross-Border Solutions, which enables customers with CIMB accounts in Malaysia and Singapore to enjoy seamless and efficient cross-border banking experience.

CIMB’s Cross-Border Solutions cater to any customer living in Malaysia or Singapore. With their CIMB conventional or Islamic accounts in both countries, they are able to conduct cross-border banking seamlessly between Malaysia and Singapore, providing the ultimate convenience for transactions like fee-waived fund transfers, preferential forex rates for online transfers and bill payments.

Samir Gupta, CEO of Group Consumer Banking, CIMB Group said, “As a leading ASEAN universal bank, CIMB is continuously innovating to provide the best value proposition and convenience to our customers across the region. The Malaysia-Singapore Cross-Border Solutions is testament to this commitment and is only the beginning, as we leverage on our strong ASEAN network to provide similar convenience for our franchises in Indonesia, Thailand and Cambodia, with the expectation of making banking within ASEAN as seamless as possible for our valued customers”.

Benefits of the Cross-Border Solutions currently available in Malaysia and Singapore include:

·  Single login to CIMB Clicks. Customers can manage and view both Malaysia and Singapore CIMB accounts at the same time via an integrated platform.

·  Fee waiver for fund transfers between CIMB accounts using CIMB Clicks and fund withdrawals at over 6,000 CIMB ATMs across ASEAN with a CIMB ATM/debit card.

·  Guaranteed2 cash rebate with a valid claim for online exchange rate for fund transfers from CIMB Singapore to CIMB Malaysia account via CIMB Clicks, valid until 31 December 2018.

·  Ease of payment for Malaysian billers with over 600 registered providers on CIMB Clicks.

Additionally, there are benefits exclusive to CIMB Preferred customers:

·  Ease of account opening. The opening of CIMB Singapore account can be facilitated in Malaysia.

·  A dedicated Relationship Manager for the customer’s wealth management needs in both Singapore and Malaysia, with unparalleled priority service at any CIMB branch in ASEAN.

For more information, customers can visit any CIMB Bank or CIMB Islamic Bank branch in Malaysia or log on to www.cimbbank.com.my or www.cimbislamic.com.my.

CIMB Preferred customers can also get in touch with their Relationship Manager for further information, log on to www.cimbpreferred.com.my or call the CIMB Preferred Call Centre at 1 300 885 300.

1Subject to terms and conditions.

2 Eligible customers who submit a valid claim shall be entitled to receive a cash rebate if a better Bank “Buy SGD, Sell MYR” exchange rate is offered by another bank in Singapore via their internet banking website or mobile application (“Competitive Rate”) than that offered by CIMB Bank.
*
Still not as cheap as transferwise.
cashie
post Oct 16 2018, 05:00 PM

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CIMB sg account can be login now.
I am waiting for the security device(token) before I can made any transfer...
According to the person I talk to, it will take minimum 2 weeks to reach malaysia..
fairylord
post Oct 16 2018, 05:51 PM

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QUOTE(Ramjade @ Oct 16 2018, 03:27 PM)
You need to follow up yourself. They won't contact you
I got security token and option for SMS TAC.
Er you haven't let us know the broker name which offer good fee for retail customer unless it's only open for PB customer.
Still not as cheap as transferwise.
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The exchange rate claimed to be very good to transfer money from SG to MY.
Bro, is TW really cheaper compared to CIMB FastSaver even after TW start collecting USD1 for each withdrawal from border less to local bank account from 1 Nov onward?
Ramjade
post Oct 16 2018, 06:07 PM

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QUOTE(fairylord @ Oct 16 2018, 05:51 PM)
The exchange rate claimed to be very good to transfer money from SG to MY.
Bro, is TW really cheaper compared to CIMB FastSaver even after TW start collecting USD1 for each withdrawal from border less to local bank account from 1 Nov onward?
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Bro Siapa minta guna borderless account? Borderless account only for you to have virtual US/UK/EU/AU account.

Beyond that you can use TW to transfer money from other country to malaysia.

Of course if you got some kind of stuff in SG (working/address/telephone no) there are cheaper fintech than TW.

Yes. More or less when compare with Cimb, dbs. Did a direct comparison before. You are welcome to compare rates. I compared already.

This post has been edited by Ramjade: Oct 16 2018, 06:07 PM
fairylord
post Oct 16 2018, 06:09 PM

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QUOTE(Ramjade @ Oct 16 2018, 06:07 PM)
Bro Siapa minta guna borderless account? Borderless account only for you to have virtual US/UK/EU/AU account.

Beyond that you can use TW to transfer money from other country to malaysia.

Of course if you got some kind of stuff in SG (working/address/telephone no) there are cheaper fintech than TW.

Yes. More or less when compare with Cimb,  dbs. Did a direct comparison before. You are welcome to compare rates. I compared already.
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Thanks bro, mega_shok.gif

Will study on those fintech you mentioned to me before in a reply in a can't-remember-which- doh.gif thread
cashie
post Oct 17 2018, 08:39 PM

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anyone know how long the CIMB singapore security device reach malaysia after application?
Ramjade
post Oct 17 2018, 09:47 PM

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QUOTE(cashie @ Oct 17 2018, 08:39 PM)
anyone know how long the CIMB singapore security device reach malaysia after application?
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2 weeks like that. What's the hurry?
myprop9
post Oct 18 2018, 10:45 AM

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QUOTE(cashie @ Oct 17 2018, 08:39 PM)
anyone know how long the CIMB singapore security device reach malaysia after application?
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CIMB SG normally uses Ordinary Mail to send anything to its' Account Holders in Malaysia. My CIMB SG ATM card took 7 working days to reach me by Ordinary Mail.

This post has been edited by myprop9: Oct 18 2018, 10:46 AM
Krv23490
post Oct 18 2018, 01:28 PM

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This post has been edited by Krv23490: Oct 18 2018, 01:30 PM
cashie
post Oct 20 2018, 08:21 PM

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QUOTE(Ramjade @ Oct 17 2018, 09:47 PM)
2 weeks like that. What's the hurry?
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I need to fund my SG account for some investment.

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