open acc online or you went to SG?

Open online at CIMB SG website.

I see.

No need Singaporean work/residence permit ?? So can open an acc even though I live in M'sia?

then I'll give it a try.

This post has been edited by moosset: Sep 16 2019, 03:33 PM

No need, can open online here using IC.

thanks!

solved!

This post has been edited by moosset: Sep 24 2019, 09:48 PM

Thanks! I think this will solve my problem.

so, did you get your activation code?

I'm thinking of using Instarem too.

I received my code after called to CIMB SG officer.
to activate the acc, you must TT by CIMB click MY.

thanks! It works now.

can I withdraw money from this SG account using CIMB (MY) ATM card?
say, if I travel in SG, can I withdraw from the fastsaver acc using CIMB (MY) ATM card?

sorry, I have no idea.

but you understand my question, right?

or maybe CIMB will send us an ATM card.

after read up, this thread, i learnt instarem is the best rate to send money to CIMB SG.
how about newly launched's BigPay? anyone have compared the rates between instarem and bigpay?
thanks if anyone you could share yours info

CIMB FastSaver is a pure online account, as far as I know there won't be any physical ATM card issued to you. It only allows the Sg account to be an intermediary account for transactions into Sg.
So if you would like to withdraw money from FastSaver, I'm afraid the only way is to convert your money back into MYR and withdraw in Malaysia.

But if you want to have the convenience of withdrawing your cash in Singapore, you can try open a Maybank iSavvy account.
I opened mine without any hassle and they approved my account promptly (about 1 week) and sent me my SG Maybank Debit Card.
With this account I can go withdraw or swipe my debit card in Sg as much as I want. I don't have to even transfer my money back to Malaysia.
This is the account that I will use to diversify my portfolio in foreign currency and preserve the value of my cash, in case MYR depreciates badly due to whatever reason.

Compared the rates yesterday. BP's rate sucks. Higher than Instarem, you won't save even though the transfer fee flat rate is lower than Instarem.
I will continue to use Instarem.

I think you can withdraw from the CIMB Fastsaver Acct using your CIMB MY ATM Card in Msia, because the CIMB MY card has a CIRRUS logo behind it. But,.. well,... I have not tried it.

If you have only a CIMB Fastsaver Acct., you may need to withdraw cash over the counter at one of the two CIMB branches in SG (there are only two). Or,.. you can always open another acct which issues an ATM Card. I'm sure CIMB SG has ATM facilities too,....

No atm card will be send to you. As mentioned is pure online account. If you want to atm card, need to apply and pay for it. I think is SGD10/ year? Can't remember the price

Heard people say no good. Haven't test it yet. Will test it together with instarem in the middle of October

You will get charged unfavourable exchange rate as you are withdrawing from Cimb MY not Cimb SG.

This is obvious,.. you have not mentioned there will be bank charges on both sides too,...

Actually no. I have used Cimb card to withdraw in another country Cimb, no additional charge. Money slightly higher than money changer but acceptable. No need bring cash. Pay for convenience.

No charge ? I'm surprised,... if you say so,... I have no tried yet.

Well, that's the hassle with CIMB FastSaver
I'm satisfied with the Maybank iSavvy which gives me the complete convenience (with ATM/Debit Card included).
I can swipe the card anywhere in SG or even overseas (prevailing bank's exchange rate applies).
I would still support the use of iSavvy as I feel it's like an upgraded version of CIMB's FastSaver.
FastSaver can't be used to open a CDP account, but surprisingly Maybank's iSavvy can!

Don't have to test it, I already tested it. Exchange rate is higher, although BP charges a flat rate of RM7, but still losing money due to the exchange rate.
I'm sticking to Instarem for now to transfer my investment funds over to Sg.