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 Opening a Bank Account in Singapore

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hksgmy
post Jun 17 2024, 01:08 PM

Doraemon!
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QUOTE(Ramjade @ Jun 17 2024, 10:03 AM)
I am one of those who opened account at height of 1mdb tongue.gif
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Was your account with DBS?
hksgmy
post Jun 17 2024, 05:19 PM

Doraemon!
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Senior Member
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Joined: Sep 2019
QUOTE(Ramjade @ Jun 17 2024, 04:16 PM)
Yes sir. My account was and is still DBS. I have Maybank and Cimb. I think want to close my Maybank account.
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To be fair, DBS has the best facilities. I still have to go thru my bankers to sweep the coupons and dividends out from my private into my transactional accounts at UOB and MBB but DBS lets me do that via its App.
hksgmy
post Jul 2 2024, 03:24 AM

Doraemon!
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Senior Member
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Joined: Sep 2019
QUOTE(TOS @ Jul 1 2024, 11:11 PM)
May I ask which bank is that?

CIMB SG uses its own app as a security token. Maybank SG gave a physical token to me last time, though they still accept SMS OTP back then. I closed my Maybank SG account last year so the token was discarded. Not sure of the latest developments with Maybank SG's authentication format.

DBS and OCBC SG also use the in-app authentication method to approve transactions. No physical tokens are issued anymore.
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They use a secure2u digital verification method now.

 

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