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Opening a Bank Account in Singapore
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wjchay
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Sep 21 2015, 02:38 PM
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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?
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orangbulu
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Sep 21 2015, 03:09 PM
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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.
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wjchay
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Sep 21 2015, 04:06 PM
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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.
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wjchay
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Sep 22 2015, 10:08 AM
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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.
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wjchay
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Sep 22 2015, 10:15 AM
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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.
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orangbulu
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Sep 22 2015, 10:31 AM
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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.
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iloveusms
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Nov 7 2015, 07:55 PM
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Getting Started

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

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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?
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cklimm
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Nov 7 2015, 08:28 PM
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QUOTE(iloveusms @ Nov 7 2015, 07:56 PM) hi bro,if above 30k how about interest?  around 0.1%
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iloveusms
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Nov 7 2015, 09:25 PM
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Getting Started

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QUOTE(cklimm @ Nov 7 2015, 08:28 PM) i see bro,any low risk investment can reach 4-5% yearly?
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cklimm
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Nov 7 2015, 10:04 PM
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QUOTE(iloveusms @ Nov 7 2015, 09:25 PM) i see bro,any low risk investment can reach 4-5% yearly?  you should aim higher, like 6-7%, and dont target for one year only, earn that for 40 years
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iloveusms
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Nov 8 2015, 10:22 PM
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Getting Started

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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
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cklimm
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Nov 8 2015, 10:48 PM
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QUOTE(iloveusms @ Nov 8 2015, 10:22 PM) can?mind to share  KWSP, capital guaranteed, consistent 6++% dividend for past 5 years. http://www.kwsp.gov.my/portal/en/web/kwsp/.../dividend-rates
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Ramjade
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Nov 8 2015, 10:52 PM
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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-ratesBro, I think he wants 6-7% returns in SGD. Not MYR
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iloveusms
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Nov 8 2015, 11:22 PM
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Getting Started

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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  ..any recommend me?  i read somewhere cimb singapore offer 1.9% for 24 month FD, and may i know malaysia can buy singapore saving bonds?
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Ramjade
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Nov 8 2015, 11:26 PM
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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  ..any recommend me?  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
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prince_mk
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Dec 12 2015, 03:33 PM
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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
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Hansel
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Dec 13 2015, 10:07 PM
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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,...
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prince_mk
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Dec 14 2015, 09:50 PM
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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
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Ramjade
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Dec 14 2015, 10:02 PM
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QUOTE(prince_mk @ Dec 14 2015, 09:50 PM) Ok done with opening.next is to decide what to buy  Share your story on how you open.
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