just putting this so that everyone can see what/ how the KYC from CIMB SG is like


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May i ask when you're filling in the web form for CIMB SG savings account,

what did you put for "Purpose of Account Opening"
a) Savings
b) Investment


and were you asked to provide a bank statement as proof of salary crediting? I wonder how much it differs to customer by customer basis for their KYC

does putting money in Syfe Cash+ (Flexi) and Endowus Cash Smart Secure count as investments?

in my opinion, it kind of doesn't

This post has been edited by moonsatelite: Dec 18 2023, 01:01 PM

welp, its quite a hassle and lot of screening, should i just inform them to cancel the account opening? my biggest fear is that they will refund me via cheque

This post has been edited by moonsatelite: Dec 26 2023, 10:36 PM

i wonder why don't people notice the Ar-Rihla Savings account instead which only needs SGD $200 minimum balance, the lowest requirement from Maybank SG

i noticed that most people sign up with iSavvy (minimum SGD $500)

i am not sure if they have changed the policy now but i opened the Ar-Rihla Savings account by just logging in to Maybank Malaysia that has a webpage that will bring you to Ar-Rihla's application form and i just fill it in and done.

Very trouble free, the only screening was that i had to provide how much am i earning per month (was not required to submit my salary slip, just email the numbers) converted to SGD and the account was opened within 3 working days. Better and faster than CIMB SG

i was not required to have a valid pass.

This post has been edited by moonsatelite: Jan 5 2024, 09:21 AM

a Singaporean debit card is quite useful when you're in Singapore, although you can also use OCBC Cashless withdrawal if one has already opened an account.

when i visited Singapore on 1st week of Oct 2023, the Maybank Debit Card (tokenized with Samsung Pay) was VERY VERY useful. I could ride the MRT like a local and don't have to pay the extra 60cents foreign card admin fee nor i had to purchase EZ-Link prepaid card, paid for some stuff at FairPrice, paid for Hostel accomodation at premise.

And, my itchy hands was like, "hmm.... whats the conversion rate like and how would it feel like to pay via Wise tokenized with Google Pay", was charged 60cents, even though the 60cents is only a one time charge per day, i still reverted back to Maybank SG Debit card

Although when i tried withdrawing money from Citibank's ATM (atm5 member) at Changi Airport T2, it was declined, proceeded to use the OCBC terminal and did cardless withdrawal for cash.

This post has been edited by moonsatelite: Jan 5 2024, 01:12 PM

Finally the ordeal is over, took CIMB SG 24 days to open a savings account.

yes, been using Ar-Rihla last year until now, wasn't charged any fees at all and have maintained SGD $200 in that account

i wonder how do you do this with CIMB MY and Touch N Go eWallet

i have a CIMB SG debit card that is issued to me for free, not worth it. Its just for withdrawing cash, you can't pay/ link to ewallets with it.

If anyone still wants a CIMB SG debit card, sign up for CIMB StarSavers (Savings) instead of FastSavers

here's what the card looks like


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sorry, gotta jolt myself awake and have breakfast

there are no special/ extra steps to get the ATM card, when you're signing up for CIMB StarSavers (Savings) account, there will be a question in the digital form, "would you like to have an ATM Card", click on yes and after your account is approved, the ATM card will be snail mailed to you

yes, i can confirm that you can use a Malaysian phone number for OCBC Singapore and to receive money via DuitNow

just a small update/ info furnishing, to those who opened an OCBC SG account via OCBC Digital account opening (MyKad and Malaysian passport), you ARE considered as a non-resident.

you will need to maintain SGD $20,000 after the first year of account opening or else you will be charged a fall below fee every month.

i opened a Monthly Savings Account alongside that account and i visited a branch to close the Statement Savings account and the Global USD account will be closed too.

i furnished my work document and passport, i am considered a resident in Singapore and no point for me to keep the Statement Savings account + Global USD account hence why i closed the account.

i was informed that you have to close the account in person

how to overcome this is by getting a job in Singapore and be assigned a F.i.n number (Foreign identification number), then you'll automatically be able to use SingPass, that's one of the ways for a foreigner to get SingPass