QUOTE(phoenix69 @ Mar 25 2017, 03:04 AM)
Heard that it was extremely difficult for a regular Malaysian citizen staying and working in Malaysia to open a bank savings account in Singapore nowadays as our Government is tightening money outflow from our country and Singaporeans don’t want to layan small fries Malaysian.
Went down to Singapore for a daytrip on 23/3/2017 and personally visited a few banks to ask. Below are my summary.
1. DBS Bank – Was met by a bank officer in front (did not even get to enter the bank consultation area). For a Malaysian to open a savings account, will need to produce either a Singapore Permanent Residence iC , Employment Pass or Singapore Student Visa/Identification. If not then have to apply and get their bank board “special” approval. For all Savings account a minimum amount to be kept in account is SGD 3000.00 or they will charge you. – In other words No Way Hoze for you small poor Malaysian Kampung Boys. :
2. Maybank - Was met by a bank officer in front (did not even get to enter the bank consultation area). For a Malaysian to open a savings account, will need to produce either a Singapore Permanent Residence iC , Employment Pass or Singapore Student Visa/Identification. If not then have to apply and get their bank board special approval. – Previously last year before October 2016, if have account in Maybank MY then can apply for account in Maybank SG but this has been discontinued. – In other words Got Instruction from M’sia Goberment, cut off this jalan
3. OCBC Bank – Was invited in to the consultation area this time. ). For a Malaysian to open a savings account, will need to produce either a Singapore Permanent Residence iC or Singapore Employment Pass. Other than that another way is we buy an endowment plan savings package with them and they link that to a Savings account. Endowments plan Pump in Money minimum for 5 years (Min SGD 5000 – 6000 yearly) only can be taken out fully in 10 years with piss poor Interest rate. – In other words, only get you savings account if you let the bank use your money for virtually free.
4. SingPost – Was met by a bank officer in front again (did not even get to enter the bank consultation area again). For a regular Savings account, its better that I go to a Bank, They only have endowment packages. – In other words, I think I knock on the wrong door and this is not a bank
5. UOB Bank - Was invited in to the consultation area. Had a good conversation with a young Malaysian officer. Singapore PR and Employment documentation is a standard requirement for Malaysian wanting to open account in Singapore Another way is that if you have an account in UOB MY, and the bank officer give a strong letter of recommendation to UOB SG, then they will consider but in reality this is only for high rollers. . They need a reason to allow Malaysian not staying or working in Singapore to open bank account. – In other words, just us regular joes wanting to open account bank in SG, bank tak layan.
Another way, If you are willing to buy/pay the cost of Approx. SGD 1000.00, ada Jalan.
But .... I charge consultant fee if you wanna know further.
1. All SG banks memang require you to keep between SGD1000-5000. Or else there's a charge. That's normal. If you cannot furfilled that, better think twice. The new normal level is SGD3000.
2. There's no such thing call singpost bank. Singpost is their national post office.
3. Did you know you can open from maybank account from malaysia? No need to go down.
4.. All info are available for free inside this thread. I used this info and open in Jan 2017, why should pay you? Unless you can guaranteed account can be open with guaranteed letter. Otherwise it's just hearsay.
QUOTE(#Victor @ Mar 25 2017, 03:38 AM)
Agree, when enquire at front counter already got rejected, not even invited to the consultation area. Told them from Citigold customer but still not layan.
I even offered them to deposit SGD10k but still got rejected? What is ur jalan? Mind to share?
Are you seriously going to pay him? All info are available for free. Just browse.
And btw, let me list down the easiest bank to open in order
1. Maybank (don't even need to go down). How? Search this thread. Shared numerous time.
2. DBS. Again search. Info are available.
3. Standard chartered. This one is hard but still doable. I kasi you satu tips. Buy insurance plam from them. Then definitely kasi you open. But not all standard chartered need you to buy things. Search this thread. I won't spoonfeed you.
And btw, keep your SGD10k. It's peanuts to them. How I know? I tried kasi standard chartered more than that, got rejected. But it's ok since I already have DBS.
Please search this thread and don't waste your money unnecessarily. All info are there. It's still not too late. All you need is maybe 1 full day to read through everything.
This post has been edited by Ramjade: Mar 25 2017, 03:11 PM 
Mar 17 2017, 01:55 PM
Within next 3 years should get license from MAS already.
Quote
(cause i dun even have access id )
They won't send everything one shot
. That is good. As he provides good service to us, he truly deserves the commission which forms a part of our brokerage fees.
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