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 Opening a Bank Account in Singapore

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jack2
post Mar 29 2017, 04:57 PM

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QUOTE(Ramjade @ Mar 29 2017, 03:14 PM)
You can activate it online/call them. For 2FA, better use token. Initially you will be prompted to use sms. But after register your token, you can choose token or sms. I always choose sms.
Don't think so. Mine case was I was in Singapore and the pin didn't come yet. Request for new card + pin (on the spot)
Ignore that. I also received that. As long as OTP sms can reached me, cukup.
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But I can't even login after created username/password.
jack2
post Mar 31 2017, 09:44 AM

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QUOTE(walkman660 @ Mar 31 2017, 12:09 AM)
i tried use debit card no. + pin to register online banking but i can't do it (probably haven activate the debit card yet), then i use access id + pin to register online banking and it is success.

after done registered online banking , then i proceed to activate my debit card by calling to maybank sg , it only tooks less than 5 mins for the activation.

i can do any transaction on m2u now , just i still not yet received my physical debit card
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I haven't received the access ID + pin.

The issue is with debit card and PIN was successful registered. Just that during login time, the page asked to fill up the eservices form and mail back. This form was filled during application.
jack2
post Mar 31 2017, 12:05 PM

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QUOTE(walkman660 @ Mar 31 2017, 11:17 AM)
hmm , but i can't do any transaction if the debit card is not activated

but still thanks for your advice, i already deactivated the oversea atm withdrawal function

EDIT:

wanted to ask, the debit card come with normal post or?

and does the debit card come with other thing? such as tokens/pin mailer
or the letter just contain the debit card itself
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Normal post.

Debit card and PIN are separated.

I haven't go the access ID and PIN. How the letter looks like?
jack2
post Mar 31 2017, 12:07 PM

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Cool... My M2U SG login is activated and I can login now.. yahooo!!!!

My TT SGD600, get debited SGD590....SGD10 is the fee...

This post has been edited by jack2: Mar 31 2017, 12:07 PM
jack2
post Mar 31 2017, 12:08 PM

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QUOTE(Ramjade @ Mar 31 2017, 12:08 PM)
You do TT from which bank?
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Of course is from Maybank MY
jack2
post Mar 31 2017, 12:09 PM

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Will we receive the security token device or we just use SMS to login?
jack2
post Mar 31 2017, 12:10 PM

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QUOTE(Ramjade @ Mar 31 2017, 12:09 PM)
Ok. That confirm it. No agent fees if Maybank > Maybank.
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Got.. SGD10 which is the bank fee lo....
jack2
post Mar 31 2017, 12:16 PM

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QUOTE(Ramjade @ Mar 31 2017, 12:11 PM)
No. That's bank fees. If there's agent involve, it will be SGD10 (bank fees) + SGD10 or 20 (agent fees)
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Some banks have no fees other than intermediary fee.

How about other could try to TT from non-Maybank and see how much will be credited?
jack2
post Mar 31 2017, 12:19 PM

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QUOTE(Ramjade @ Mar 31 2017, 12:18 PM)
I know if use alliance got extra SGD20 charge.
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I see.

If I wanna use this SG account to receive TT which is remitted in USD, will they convert it to SGD?
jack2
post Mar 31 2017, 12:33 PM

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QUOTE(Ramjade @ Mar 31 2017, 12:26 PM)
You can open up a Maybank SG foreign currency account (USD) and get your USD into that account. There will be charge. If you don't want charge, your only choice is
Cimb SG foreign currecny account.
http://www.cimbbank.com.sg/en/personal/sup...es&n=remittance
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1. How to open FCA account in Maybank SG?
2. For CIMB, how to open? Need to present?
jack2
post Mar 31 2017, 02:33 PM

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QUOTE(walkman660 @ Mar 31 2017, 02:29 PM)
i also just got my debit card !!!

the access id and pin also come in a normal post . normal letter (probably same as the letter that contains debit card number and pin one)

EDIT:

without tokens u cant do any transfer , cause before u do transfer , u need to add payee , to add payee , u need both tokens +  sms
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Have you received the token?
jack2
post Apr 5 2017, 02:17 PM

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It seems Maybank SG has FCA



This post has been edited by jack2: Apr 7 2017, 06:40 AM
jack2
post Apr 5 2017, 02:35 PM

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QUOTE(Ramjade @ Apr 5 2017, 02:29 PM)
Share more here please. rclxms.gif
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I have emailed them to ask. Will update here upon get info.
jack2
post Apr 7 2017, 01:11 PM

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Maybank Singapore has just replied that FCA can be opened only at Maybank SGD branches ... huhu
jack2
post May 24 2017, 11:48 AM

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QUOTE(Ramjade @ May 23 2017, 10:29 PM)
All info can be found in this thread. Not sure if you are too late.

Rubbish. You don't need min SGD200k. Min to open is SGD3000. If you use maybank route, min is SGD500. Of course with SGD200k, higher chances thumbup.gif

I opened mine with DBS for SGD3k, maybank SG for SGD600, Cimb SG for SGD1k then I move the SGD1k out.

Keep in mind SG banks charge you if you have lesser then the min amount. Best bank for temporary parking is cimb fast saver as it's free (no min level) and give 1% pa.

DBS - need to be physically there. At MBFC. Ask for DBS Vickers account then only they will let you open bank account.
OCBC and UOB I think same procedure. Tell them you want to open trading account and bank account. I think can be done at raffles place as there is their HQ.
Maybank SG - Can be done in malaysia without visiting SG. Go download and fill up isavvy forms for malaysians.
Cimb SG - Online application but needs a local SG bank account first.

Not sure if DBS, OCBC, UOB and maybank SG close their doors. If door is close, then yes, you need min SGD200K to open.
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Have you discovered the way to USD account?
jack2
post May 24 2017, 12:10 PM

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QUOTE(Ramjade @ May 24 2017, 12:08 PM)
I posted my application. Now see whether will be approved or kena rejected. Anyway USD in SG is useless. Cannot transfer anywhere via online. Need to manually present yourself at counter to do USD transaction unless you are using it to buy stocks.
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really? I thought can do online... if cant, then it is useless like Malaysia.
jack2
post May 24 2017, 06:43 PM

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QUOTE(MilesAndMore @ May 24 2017, 06:37 PM)
For HSBC SG, you can transfer USD online to your overseas account.
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How to apply HSBC SG?
jack2
post May 24 2017, 07:06 PM

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QUOTE(hwl97 @ May 24 2017, 02:26 PM)
Hi,

Does anyone know of a local bank that offers USD foreign currency current account for business purpose? Basically for:
-receiving money in USD from PayPal or other online payment processors
-TT transfer to foreign banks in USD
-has e-banking functions for viewing balances/statements and to perform TT and local bank transfers

This account needs to be registered to a local sole proprietor/business name.

Any hint would be helpful, thank you.
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Don't think you are able to withdraw PayPal in USD to bank accounts in Malaysia. As you are Malaysia, you must need to withdraw in MYR even though you have USD account.




QUOTE(Ramjade @ May 24 2017, 07:02 PM)
Priority customer with HSBC MY and SG lo.
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Hahahaha... Don't think HSBC will accept me.
jack2
post May 24 2017, 07:26 PM

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QUOTE(Ramjade @ May 24 2017, 07:13 PM)
I think if Paypal to USD account in Malaysia, can. Only cannot tarik that USD out. Can only see USD only.  sad.gif
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Cannot. During PayPal withdrawal menu, you are forced to exchange to MYR.
jack2
post Jul 17 2017, 11:57 AM

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I was offered to attend account opening at UOB Singapore but I have no time to go yet..

LOL

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