Onshore SGD Fixed Deposit (minimum 10k SGD).

https://www.cimb.com.sg/en/personal/banking...it-account.html

----------------------

Or act as a normal saving account for your SG mutual funds e.g. FSM SG, Dollardex, POEMS etc.

This post has been edited by TOS: Apr 29 2023, 09:32 PM

DBS is hit with a second outage in just a little over 1 month.

https://www.straitstimes.com/singapore/dbs-...-under-2-months

Just to inform Maybank SG users to check if there are any fraudulent/unauthorized transactions with your debit cards.

I noticed someone stole hundreds of SGD from my account via unauthorized debit card transactions with merchant names like MyPerfectResume.com and BLS*MYHeritageLtd.

Have to call Maybank SG Customer Rep. to deactivate my debit card and now need to submit a dispute resolution form to claim back my money...

If the "stolen" amount is small (e.g. 5 SGD), no email notification will be sent, but if the amount is large, e.g. hundreds of SGDs in one go, then that will trigger an email to your account.

So, it's best to login and check your account often.

This post has been edited by TOS: Jun 5 2023, 11:11 PM

I don't recall using it for any online purchase (maybe flight tickets to SG once or twice before? can't remember...).

I am sure that:

1. I have not been using my card since August last year after I returned to MY/HK from SG.
2. I used it to pay for my SG buses and MRTs fares last year during my 2-month stay in SG.
3. No suspicious/unauthorized transactions for my DBS and CIMB SG accounts/cards.
4. I don't tie my cards to any e-wallet/Google/Apple/Samsung Pay services.
5. I have not downloaded any apps outside of Google Play Store on my Android phone.

I will be closing my Maybank SG account in light of this recent event. Getting tied 500 SGD there plus risking such issues just doesn't make any business sense.

Oh DBS "Platinum" card also never activate?

True also lah if you stay in MY often not travelling to SG then not activating the card makes sense from security point of view. I have also closed my HK Hang Seng Bank account and locked my Mox bank card all the time. Now with only one HK bank account, easier to monitor things.

This post has been edited by TOS: Jun 6 2023, 10:54 AM

Can't find a Youtrip thread, so I post this news here.

Introducing Youtrip 2.0

https://www.hardwarezone.com.sg/tech-news-y...le-pay-and-more

1. Now there is an additional virtual card alongside the physical card. A kill switch added for you to select which card to "kill"/lock.

2. This is a game changer.

From 15 June 2023 onwards, the physical card now has a waiver on overseas ATM withdrawal fees. YouTrip users can withdraw up to S$400 from overseas ATMs in one calendar month without incurring fees. You could withdraw more than that, but withdrawal fees apply after your first S$400. Also, you still have to pick “withdraw in local currency” to avoid DCC, but that shouldn’t be a problem for frequent travellers.

-----------------------

Since Youtrip converts at market rate, this means you may now convert up to 400 SGD at interbank market rate (0% spread) and withdraw at ATMs abroad.

https://support.you.co/hc/en-us/articles/36...red-by-YouTrip-

This post has been edited by TOS: Jun 13 2023, 09:13 PM

I just login to my Youtrip account. The virtual card is automatically added for you. Make sure you lock it if you don't use it. (It's not locked automatically by default).

This post has been edited by TOS: Jun 13 2023, 09:34 PM

You should have opened a CDP account with your Pass when it's still active. I am not sure if CDP office will check the validity of the pass when they check your applications. You can give it a shot though.

Didn't know FIN is stuck with me for life. Thanks for info.

Good that you have an existing POSB account. With digibank app, you can straightaway open DBS My Account easily.

Err it's called FSM SG (FSM = FundSupermart). FSMOne is their new brand name (to emphasize multiple products like stocks, bonds, and cash management solutions under 1 roof). It's previously called FundSupermart when it only offered mutual funds/UTs. The parent company's name is iFAST listed on SGX (stock code: AIY). FSMOne is the B2C business segment. It has B2B segment as well. For more info: https://www.ifastcorp.com/ifastcorp/investo...ationsHome.svdo

iFAST has B2C business in many countries in Asia, so there's FSMOne MY, HK, SG etc.

This post has been edited by TOS: Jun 16 2023, 09:09 PM

Going to SG in Late July. Will close my Maybank SG account.

I am thinking of opening either OCBC or UOB account as a backup local SG account in case DBS system went down.

Any comments on OCBC vs UOB? (Leaning towards OCBC as there's a branch on NTU's campus. But all 3 local banks have ATM on campus so not much of a problem)

DBS keeps spamming my cousin's SG address mailbox will T-bill notification letter every 2 weeks. I feel sorry for him.

OCBC and UOB don't send physical notification letters, an advantage, opportunity cost is 1k SGD tied-up inside OCBC/UOB account. Just don't know whether to choose OCBC or UOB?

Past users can share experience? Or sifu Ramjade ikanbilis?

Because of this: https://forum.lowyat.net/index.php?showtopi...ost&p=107415347

Yea as Ramjade suggested.

You should have opened a DBS My Account (using their digibank mobile app) a few months after opening whichever other DBS account you opened earlier (usually 6 months because that's the maximum period in which the early account closure fee will be effective). https://www.dbs.com.sg/iwov-resources/pdf/d...-deposits-guide

I forgot to mention I'm an OCBC shareholder lol

Which OCBC account do you recommend? https://www.ocbc.com/personal-banking/deposits

I prefer the minimum 500 SGD monthly deposit (to avoid 2 SGD fall-below fee) monthly saving account.

The FRANK account which targets uni students like me have a 1k SGD minimum monthly balance after I turn 26 (in 2 years time...)

The popular 360 account have a monthly minimum of 3k SGD...

Do I miss out anything or do you have different views?

SG banks are flushed with so much cash that banks are forced to lend them to MAS.

https://www.sinchew.com.my/20230619/%e7%8b%...b8%ad%e8%a1%8c/

The effective rate is 3.55-3.6% p.a. only. It's a bundled FD promo, like the ones you see often in Malaysia...

https://www.maybank2u.com.sg/en/promotions/...me-deposit.page

https://forums.hardwarezone.com.sg/threads/...#post-148013415

This post has been edited by TOS: Jun 21 2023, 10:56 AM

Maybank SG and CIMB SG FDs for you then.

If you are ok with money market mutual funds (purely loans/deposits and MAS Bills), then you may consider Fullerton SGD Cash Fund.

I can confirm you are right. I just got my IPA letter from ICA today. My student pass has been approved and the FIN number is exactly the same as that of the work holiday pass I applied last year. So the FIN is a unique identity number tied to each individual regardless of which pass you apply.

No charges if you use FAST, which is instantaneous. 200k SGD limit per transaction.

For remittance >200k SGD, you can use MEPS (MAS Electronic Payment system). Should be real-time settlement as well. Charges apply: https://www.cimb.com.sg/en/personal/help-su...remittance.html

This post has been edited by TOS: Jun 28 2023, 04:06 PM

A slightly old news:

MAS proposes raising coverage of deposit insurance scheme to S$100,000

CNA reports: https://www.channelnewsasia.com/singapore/d...oposals-3589751

Straits Times reports: https://www.straitstimes.com/business/mas-p...0000-from-75000

HWZ thread: https://forums.hardwarezone.com.sg/threads/...75-000.6918136/

yo bro. Long time no see.

HSBC MY to Sunway Money should be via FPX, so should be free of charge (everything is done from the Sunway Money portal). The RM 1 is the explicit charge by Sunway Money (on top of their markup above FX rate). All-in cost for Sunway Money is around 38-40 basis points above mid-market rate for transfers of several thousand MYR. 10k MYR and above can fetch you 30-35 basis points FX markup sometimes.

A deposit war is brewing in Singapore.

Digital bank GXS raised their maximum balance amount from 5k SGD to 75k SGD, the maximum deposit limit insured by SDIC. 3.48% p.a. interest with no conditions attached. Surely will put pressure on other banks.



Source: HWZ GSX thread

No SingPass MyInfo account, can't open... Not sure about others. ikanbilis got SingPass account? Maybe he can try.

OCBC shareholders looking at more earnings here lol

Nice one! I am gonna open OCBC SG account soon too.

This post has been edited by TOS: Jul 26 2023, 11:23 AM

Called Maybank SG today. Luckily all "stolen" money has been refunded!

You can close your Maybank SG account from any branch within SG, no need to go to the HQ in Marina Bay. Just bring along passport, Malaysia IC, and the debit card issued by Maybank.