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Opening a Bank Account in Singapore
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gark
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 Mar 8 2017, 06:36 PM
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QUOTE(Ramjade @ Mar 8 2017, 06:30 PM) Er how about bank rate? IF bitcoin can offer cheaper rate (almost same to money changer rate), wouldn't that be better option?  Btw, can we use money changer to actually send money to SG or it's not advisable? Have you checked the rate for the bitcoin transfer... difference between RM and SGD.. Money changer can arrange to bank in the SGD in your account, but do you trust the money changer? No proof if the money is 'lost'.  Not all money changer do it tho... This post has been edited by gark: Mar 8 2017, 06:37 PM |
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gark
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Mar 8 2017, 06:50 PM
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QUOTE(Ramjade @ Mar 8 2017, 06:45 PM) Haven't but seeing that bicoin is under utilise, the company will need to make sure it's "cheap" to attract more people. Losing money via money changer is not really the main concern. Why: Indon, bangla, myanmar all use money changer to send money back. Never seen them enter malaysian banks to transfer money back. Use big compnies like Merchant Trade, RIA, should be OK  More worried about kena black listed for money laundering by SG side. Don't know if use money changer can kena that or not. They use remittance service lah, the rates more expensive % wise..but good for those who want to transfer small amount (foreign worker) Even got LEGAL money changer/remittance service can do online.. good rates too, but dont dare try  U try first let us know..  http://www.eremit.com.my/rates.aspxhttp://www.maxmoney.com/services.htmlThis post has been edited by gark: Mar 8 2017, 06:50 PM |
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gark
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Mar 8 2017, 06:56 PM
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QUOTE(Ramjade @ Mar 8 2017, 06:53 PM) eremit = Merchant Trade (one of the most expensive money changer) Me also no guts try   Btw if say Maybank MY bankrupt, will Maybank SG be affected or they are different entity? MY SG is different entity..but if mother bankrupt, the son and daughters all also problem lar.. Maxmoney online remitance rates quite good yor.. i use to change at its branch in Midvalley. but again.. afraid to try.. cause i transfer always in batches of 10K sgd... This post has been edited by gark: Mar 8 2017, 06:56 PM |
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gark
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Mar 8 2017, 07:01 PM
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QUOTE(Ramjade @ Mar 8 2017, 06:59 PM) You transfer using what way? Sometimes cash and sometime TT..  This post has been edited by gark: Mar 8 2017, 07:01 PM |
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gark
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Mar 8 2017, 07:04 PM
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QUOTE(Ramjade @ Mar 8 2017, 07:03 PM) Alright. If TT which bank? Cimb? Just now say already mah.. CIMB MY -> DBS SG or BCA ID -> DBS SG BCA ID have better exchange rate compared to CIMB MY.. close to money changer rates.. Both banks if you TT higher amount, can get better rates..  This post has been edited by gark: Mar 8 2017, 07:07 PM |
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gark
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Mar 8 2017, 07:17 PM
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QUOTE(Ramjade @ Mar 8 2017, 07:13 PM) Aha. Thanks for the news. First time hear cimb can give better rates. Planning to use uob as they have the cheapest rate (compare everyday for 1 month plus ) plus better rates above rm5k (they told me). Specifically opened uob for that purpose. Wonder if cimb can beat uob in terms of rates. Only use CIMB 2x to transfer.. mostly use cash.. cheaper. |
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gark
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Mar 16 2017, 10:25 PM
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QUOTE(Ramjade @ Mar 16 2017, 10:22 PM) Don't know lei. Better ask gark or elea88. Sorry. Not much help.  I only have nominee account with MKE... So no CDP for me.  This post has been edited by gark: Mar 16 2017, 10:25 PM |
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gark
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Mar 17 2017, 10:42 AM
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QUOTE(elea88 @ Mar 17 2017, 08:24 AM) Yesterday was in Westgate to open MKE account. prefunded. Nominee account. 1 CDP ACCOUNT.. then can sell from any brokerage. So, no need open so many direct brokerage account. anyway RAMJADE.. if want to transfer direct shares to NOMINEE the charges is SGD 25 and not SGD 10.70... (for your information). Great, now you can participate in Rights issues. Did you choose your assigned broker? |
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gark
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Mar 17 2017, 10:44 AM
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QUOTE(Ramjade @ Mar 17 2017, 10:13 AM) Got such thing?   What's the reason they gave? Withdraw money from trading account > SA need to contact assign broker...  And I thought DBS was bad (need to contact them to sell) You can just email them the signed form...for withdrawal. I usually contact my broker through whatsapp. easier and free. Anyway whatever goes to my brokerage, will not likely come back out to SA for a long long time.  This post has been edited by gark: Mar 17 2017, 10:45 AM |
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gark
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Mar 17 2017, 01:36 PM
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QUOTE(Ramjade @ Mar 17 2017, 01:34 PM) If I don't go westgate, can I still request for leslie toh? Cann.... |
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gark
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Mar 17 2017, 01:37 PM
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QUOTE(elea88 @ Mar 17 2017, 01:23 PM) Leslie Toh.. however did not meet him. You can contact him if you need to do any rights issue/DRP etc.. |
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gark
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Apr 10 2017, 10:12 AM
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QUOTE(Ramjade @ Apr 9 2017, 11:11 PM) Well I guess it's perfectly fine as no one can withdraw that money from trading account as gark said. To withdraw out to your saving account, need to contact our remisier first. Even if they can withdraw also no use, can only go back to own bank account registered with them. Basically no one will bother hack trading account. Unless of course they want to mess with your buy/sell queue.. |
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gark
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Apr 10 2017, 10:36 AM
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QUOTE(Ramjade @ Apr 10 2017, 10:34 AM) Actually they can you know. Queue your selling at way lower price than you what you bought them incurring huge loesses to you. "From The Dark Knight Rises scene where Bane sells off all of Bruce Wayne's share at a massive loss making him broke " Yes, they can mess with your stocks.. but they cannot gain anything from you. Unless you got big enemies.. |
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gark
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Apr 10 2017, 12:56 PM
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QUOTE(ShinG3e @ Apr 10 2017, 11:31 AM) lol i didnt notice u asking me till i scroll back page yes no security token. no need SMS one time etc... Key in buy, key in units. key in price, key in password - done. The android app is good, i dont login to the webpage anymore. All my MKE trading is done with the app. |
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gark
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May 4 2018, 12:40 PM
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QUOTE(Ramjade @ May 3 2018, 02:35 PM) If I am not mistaken, bonus issue need SG address or else you won't get bonus shares. Same with Preference shares. You can't subscribe for it if you don't have SG address. Bonus issue/share split is automatic, no need for investor to take any action. No need Sg address. Subscribing rights and preference shares, yes you need to go to SG ATM to subscribe, or you can download the subscription form fill it, and mail the bank draft over. Not necessary to have SG address. This post has been edited by gark: May 4 2018, 12:40 PM |
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