Yes,.. if you can pass the steps of the documentation stage for your application of the CIMB Saver FastSaver, use your Maybank SG to FAST-in the $1000.

Haa,... if this is true and you don't need work permit documents to pass the verification step for CIMB SG, we have found a loop-hole here for Malaysian account applicants to open an account at CIMB SG.[B]

I guess we'll find out when I start my application after my business trip.

I'll keep everyone posted.

I am living proof of the method above.
Other people more cun than me. Open using Cimb clicks Malaysia only. I used the above method as last time cannot use Cimb clicks Malaysia to open.

This post has been edited by Ramjade: May 19 2019, 01:56 PM

Tq gents,...

Edited by adding : Ramjade,.. if you used CIMB Clicks Msia to open CIMB SG today, do you still need to TT funds in from one SG bank acct before the acct can be activated ?

This post has been edited by Hansel: May 19 2019, 02:16 PM

That I don't know. But from discussions it would seems not. All they need is Cimb clicks Malaysia account.

Yups, can be done via cimbclicks malaysia.
The rate is quite high for first 1k sgd

You can open CIMB Sg account without opening CIMB My provided you have already got any existing Sg bank account which you can use to fund the initial sgd1k via FAST.

As for myself, I don't have a any existing Sg account when I applied to open CIMB Sg. So no choice, I need to open CIMB my account to fund and validate my Sg account. I only open CIMB my after my Cimb Sg account opening was successful.

Hi guys,

Can I know how to open bank account (for fix deposit) with Maybank SG or CIMB SG?

I have a bank account with POSB bank in Singapore

Im currently staying in KL

Thanks

Great replies,... tq to all bros who replied,...

Hopefully,.. with our discussions, the Msian public will be more knowlegeable towards this iniatitive,.. well,.. for those who are keen, of course,...

Yeah, MD,.. I did the same way as you did too,...

Guys,.. I'm thinking of starting a blog on my experiences,.. I see our SG friends and those private investors from AU and Canada all journal down their steps via blogs for others to emulate their interntional investing experiences,.. unfortunately,.. I don't know where to park my blog,... since my family is now living in another country, I will have time to update my blog,...

If free blogspot and WordPress good enough.

Back from my business trip.

I've completed my CIMB FastSaver-i SG application and I got my account number & application number. Now I have to transfer the $1000SGD to my CIMB from my SG local bank account, which is my Maybank ISAAVY account.

Question I have. What's the best way to send money from my Maybank MY account to my Maybank SG account? I'm only showing Western Union and Telegraphic/SWIFT Transfer.

Pardon my newbie knowledge on the bank systems here as I'm still new to KL, but are those my only two options to send?

Why do you need a Islamic fast saver? Best to go with normal fast saver.

Avoid using banks to transfer money overseas whether to SG or back to Canada. You are easily paying more (hike up exchange rate + fees, fees and more fees)

Use services provided by fintech. Cheaper and faster. Recommended fintech
Instarem (I think they service Klang Valley, Penang, Johor area for KYC), Moneymatch (they have etc so you can open account anywhere you have internet) and max money (guess they only have service KL)

KYC is where you meet them to verify your identity, documents.

Cheapest rate so far
Max money (haven't use them)
Instarem (always use them, their rates not bad)
Moneymatch (used to use them then it got expensive vs instarem, some people said if transfer around 1130-1150
on Sunday night can be chepaer than instarem. Not sure true or not. Going to test it out)

This post has been edited by Ramjade: May 25 2019, 08:10 PM

Regarding the Islamic Fastsaver, I'll be honest I actually didn't know lol. I just bookmarked a link that was previously in this thread. I'll check out the regular fastsaver.

Will check out Instarem. Thanks for the advice

Actually I think same only. Reason don't like Islamic account is that they have may restriction on you. I only go for Islamic account in malaysia if there are perks.

People, any cheaper way to send money from SG to Malaysia?
M2u.sg charges $15

CIMB SG

money match?

Cimb SG or transferwise. I prefer transferwise cheaper. Of course you don't be like our friend here Jack2 who kena banned from transferwise. for God knows what he did. So far I had no issue with transferwise. Rate cheap and speed fast.

They don't support transfer from SG.

InstaREM no good for SG to MY ? I have done MY to SG and their rate is pretty good, and process to do the transfer was a breeze...

How much is the service charge using TW to send money from SG to MY ?

Send to which account ?

How much does the account deduct from the incoming funds please ?

Bro,... no need to comment too much abt people's things from the past-lar,... We never know who is right and who us wrong in many instances of life,..