Gentlemen,.. perhaps I'm a bit over-careful, but I would look at it this way. Different bank accounts have different qualities. For SG Banks, if they allow us to open bank accounts, I would open a few. I would capitalise on the good qualities carried by each particular bank acct, eg :-

1) Doing a TT from DBS using DBS REMIT is cheap, so, open one bank acct at DBS.
2) If DBS REMIT is stopped by DBS, and fees start, then to move funds between Msia and Sgp, the cheapest way that I know of would be by Maybank. So, open one at Maybank.
3) Standard Chartered brokerage charge is the cheapest in Sgp, so open another at Stanchart, Sgp...
4) If, seuy suey,... should one day, Stanchart stops its equities service, then can shift over to DBSV if you have a DBS Acct..

BUT : as in everything, there is a downside. The downside to opening too many bank accts is the minimum balance that need to be put into each acct..

DBS needs min SGD3k or they start charging you.

Hansel
Thank you for your advice. I shall open a Maybank Singapore saving account, as you recommended.   
Yes, I agree with you that opening too many saving accounts in Singapore is a hassle and troublesome to maintain. But, as Hansel mentioned, fund transfer between Maybank Malaysia and Maybank Singapore saving account is the second cheapest method, after DBS Remit. In this case, the benefit outweighs the inconvenience.
Just to confirm, you are suggesting Maybank iSAVvy Savings Account, not iSAVvy Savings Plus Account, right?

Is it possible that at the time of saving account opening at selected Maybank Malaysia branch, I choose not to buy a SGD 500 bank draft? Once I have the account number for Maybank Singapore iSAVvy Savings Account, I will transfer SGD 500 from my POSB saving account, via FAST.

It should be possible, right? In the iSAVvy form you gave, it is stated:"Please place a deposit within 30 days from the date of account opening.". So, Maybank Singapore should allow the zero account balance within 30 days from the date of account opening.

prince_mk, Hansel, I have asked Merchant Trade, they say it will take 1 working days to transfer the money over to SG. Max RM50k/day/person. However to get around that limit, can ask family member to transfer RM50k/person. So if got 1 wife, 2 kids, can transfer max RM200k/day 

Bad news is they don't accept SGD. They only accept RM. Each transfer cost RM22. Cheaper than banks.

I went to puchong maybank, they say that branch cannot open.
which branch should I go?

I went to maybank Singapore branch, they say cannot open without work permit.

Bro, any info regarding my question about other Multi Currency account which won't kena charge for depositing foreign money? I am looking for alternative to DBS MCA.

In fact you can.. and you can deposit and withdraw cash in usd from most indon bank. Sgd is also the same. Only catch if you want withdraw in large amount, need to call them 1 day before.

Some bank you can even withdraw usd or sgd via atm.

Like what Showtime747 mentioned. But all banks will require customers to maintain a certain amount of money in the bank at all times and will monitor account activity. So those who managed to open their accounts, do take note of the above rules.

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...

Avoid bank. Use money match. Cheaper exchange rates than what banks give.

You pay more if you go via banks

if u have any friend working in singapore just exchange some with them. this is the easiest way...

Hi guys, this thread was brought to my attention by a friend of mine.

I am the CEO of MoneyMatch and I just wanted to inform you guys on how the banks make money on transfers.

It is a composition of FEE + FX Spread.

Most of the time the FEE is negligible to the bank and they make the most money on the FX Spread as it is reflected as a percentage on notional ie 1% or 2% on total amount.

Just wanted to let you guys know that even if its ZERO FEES, watch for the FX Spread.

A good indication would be to benchmark it against XE or GOOGLE.

Not going to push my agenda here, just pure education.

Open account with them already. Going to use once can get SGD10k. No money for SGD10k. Showtime have use. And he gave positive review for it. When you aren't got time to go down SG, you need another way to transfer money. And going by banks is definitely out of the question for me. 

I used their service before. Took less than 2 days to be verified via e-kyc. Money transfered in less than 2 hours after order is made and payment completed.

As long approved by BNM, got good reviews from their customers I am perfectly fine with it. Most important is approved and licensed by BNM. Sometimes it's better supporting this kind of companies than enriching bank shareholders. Support small upcoming companies than big fat companies who charge you markup rates

RM is strong now, not a good time to change RM > USD.

In order to have SSB, I need to have OCBC, UOB, DBS/POSB bank. Malaysian not working Spore can only have Maybank, CIMB spore.

Hi, can I know which post you refer to as "earlier posting"?
I want to read and survey it