Welcome Guest ( Log In | Register )

315 Pages « < 10 11 12 13 14 > » Bottom

Outline · [ Standard ] · Linear+

 Opening a Bank Account in Singapore

views
     
wjchay
post Sep 21 2015, 02:38 PM

On my way
****
Senior Member
645 posts

Joined: Apr 2007


QUOTE(orangbulu @ Sep 18 2015, 04:04 PM)
I dont like the Min SGD 18 dollar charge per trade. If you are doing 9000 SGD per trade, its more worth it, if its lower, Stan chart is cheaper.
*
Is it necessary to take the CAR exam for standard chartered account? What's the minimum requirement to pass?


orangbulu
post Sep 21 2015, 03:09 PM

Casual
***
Junior Member
384 posts

Joined: Nov 2004
From: JB


QUOTE(wjchay @ Sep 21 2015, 02:38 PM)
Is it necessary to take the CAR exam for standard chartered account? What's the minimum requirement to pass?
*
Yes its necessary, mandated by Singapore government. First question will ask whether you have done 6 trades in the past 2 years, just declare yes, they wont check.
wjchay
post Sep 21 2015, 04:06 PM

On my way
****
Senior Member
645 posts

Joined: Apr 2007


QUOTE(orangbulu @ Sep 21 2015, 04:09 PM)
Yes its necessary, mandated by Singapore government. First question will ask whether you have done 6 trades in the past 2 years, just declare yes, they wont check.
*
That's my confusion as well, if first time setting up account, how to do x trades in singapore? Anyway, thanks for the advise.


wjchay
post Sep 22 2015, 10:08 AM

On my way
****
Senior Member
645 posts

Joined: Apr 2007


QUOTE(wjchay @ Sep 21 2015, 03:38 PM)
Is it necessary to take the CAR exam for standard chartered account? What's the minimum requirement to pass?
*
Hi,

Are there any custody fees or corporate action/dividend fees for SC trading account?

Thanks in advance for your help.


wjchay
post Sep 22 2015, 10:15 AM

On my way
****
Senior Member
645 posts

Joined: Apr 2007


QUOTE(orangbulu @ Sep 18 2015, 04:04 PM)
I dont like the Min SGD 18 dollar charge per trade. If you are doing 9000 SGD per trade, its more worth it, if its lower, Stan chart is cheaper.
*
Hi,

Are there any custody fees or corporate action/dividend fees for SC trading account?

Thanks in advance for your help.
orangbulu
post Sep 22 2015, 10:31 AM

Casual
***
Junior Member
384 posts

Joined: Nov 2004
From: JB


QUOTE(wjchay @ Sep 22 2015, 10:15 AM)
Hi,

Are there any custody fees or corporate action/dividend fees for SC trading account?

Thanks in advance for your help.
*
Not that i know off. I received my Dividens in full.
iloveusms
post Nov 7 2015, 07:55 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


hi bro,if above 30k sgd how about interest?
iloveusms
post Nov 7 2015, 07:56 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


QUOTE(myr.medinsurance @ Aug 15 2015, 10:17 PM)
Opened one at DBS bank branch at Marina Bay Financial Centre.

You have to open securities trading account with it.

I opened one after GE 13. I realised how bad gerrymandering was and how screwed I will be if s**t hits the fan.

My vote piled up uselessly in an urban seat with big majority while rural seats with small majority are the ones that matter.

My advice is opening a Singaporean account is not worth it if less than SGD 30k. Interest rate is low so you have to invest in stock market (e.g. REIT or ETF).

You need 1 or 2 times cash collateral to SELL your shares due to how CDP is setup.
*
hi bro,if above 30k how about interest? smile.gif
cklimm
post Nov 7 2015, 08:28 PM

Look at all my stars!!
*******
Senior Member
2,337 posts

Joined: Oct 2014


QUOTE(iloveusms @ Nov 7 2015, 07:56 PM)
hi bro,if above 30k how about interest? smile.gif
*
around 0.1%

iloveusms
post Nov 7 2015, 09:25 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


QUOTE(cklimm @ Nov 7 2015, 08:28 PM)
around 0.1%
*
i see bro,any low risk investment can reach 4-5% yearly? smile.gif
cklimm
post Nov 7 2015, 10:04 PM

Look at all my stars!!
*******
Senior Member
2,337 posts

Joined: Oct 2014


QUOTE(iloveusms @ Nov 7 2015, 09:25 PM)
i see bro,any low risk investment can reach 4-5% yearly? smile.gif
*
you should aim higher, like 6-7%,
and dont target for one year only, earn that for 40 years
iloveusms
post Nov 8 2015, 10:22 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


QUOTE(cklimm @ Nov 7 2015, 10:04 PM)
you should aim higher, like 6-7%,
and dont target for one year only, earn that for 40 years
*
can?mind to share smile.gif
cklimm
post Nov 8 2015, 10:48 PM

Look at all my stars!!
*******
Senior Member
2,337 posts

Joined: Oct 2014


QUOTE(iloveusms @ Nov 8 2015, 10:22 PM)
can?mind to share smile.gif
*
KWSP, capital guaranteed, consistent 6++% dividend for past 5 years.
http://www.kwsp.gov.my/portal/en/web/kwsp/.../dividend-rates
Ramjade
post Nov 8 2015, 10:52 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(cklimm @ Nov 8 2015, 10:48 PM)
KWSP, capital guaranteed, consistent 6++% dividend for past 5 years.
http://www.kwsp.gov.my/portal/en/web/kwsp/.../dividend-rates
*
Bro, I think he wants 6-7% returns in SGD. Not MYR
iloveusms
post Nov 8 2015, 11:22 PM

Getting Started
**
Junior Member
197 posts

Joined: Apr 2005


QUOTE(Ramjade @ Nov 8 2015, 10:52 PM)
Bro, I think he wants 6-7% returns in SGD. Not MYR
*
yes you are right bro,i am talking sgd,actually got 4-5% yearly i am ok liao biggrin.gif ..any recommend me? smile.gif i read somewhere cimb singapore offer 1.9% for 24 month FD, and may i know malaysia can buy singapore saving bonds?
Ramjade
post Nov 8 2015, 11:26 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(iloveusms @ Nov 8 2015, 11:22 PM)
yes you are right bro,i am talking sgd,actually got 4-5% yearly i am ok liao biggrin.gif ..any recommend me? smile.gif  i read somewhere cimb singapore offer 1.9% for 24 month FD, and may i know malaysia can buy singapore saving bonds?
*
You can buy Singapore bonds via fsm Singapore. The only one I know able to give ~7% is SREITS
prince_mk
post Dec 12 2015, 03:33 PM

Look at all my stars!!
*******
Senior Member
2,679 posts

Joined: Oct 2014


Hello..next week I planned going down to Sg to have open a trading and savings acc with sc and ocbc.

currently i don hav working permit / non PR. so far anyone had open an account lately in Sg.

Some branch doesnt allow. Some say approval is case to case basis.

any advise?

This post has been edited by prince_mk: Dec 12 2015, 03:34 PM
Hansel
post Dec 13 2015, 10:07 PM

Look at all my stars!!
*******
Senior Member
9,347 posts

Joined: Aug 2010
QUOTE(prince_mk @ Dec 12 2015, 03:33 PM)
Hello..next week I planned going down to Sg to have open a trading and savings acc with sc and ocbc.

currently i don hav working permit / non PR. so far anyone had open an account lately in Sg.

Some branch doesnt allow. Some say approval is case to case basis.

any advise?
*
Hi,...call the branches first before you go down. Confirm first,...I am of the opinion that it should not be a problem,...
prince_mk
post Dec 14 2015, 09:50 PM

Look at all my stars!!
*******
Senior Member
2,679 posts

Joined: Oct 2014


QUOTE(Hansel @ Dec 13 2015, 10:07 PM)
Hi,...call the branches first before you go down. Confirm first,...I am of the opinion that it should not be a problem,...
*
Ok done with opening.next is to decide what to buy tongue.gif
Ramjade
post Dec 14 2015, 10:02 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(prince_mk @ Dec 14 2015, 09:50 PM)
Ok done with opening.next is to decide what to buy tongue.gif
*
Share your story on how you open. tongue.gif

315 Pages « < 10 11 12 13 14 > » Top
 

Change to:
| Lo-Fi Version
0.0221sec    0.68    6 queries    GZIP Disabled
Time is now: 29th November 2025 - 09:35 PM