Opening a Bank Account in Singapore
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 Mar 10 2025, 06:27 PM
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#241
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Senior Member
3,494 posts Joined: Jan 2003 
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TruboXL do u want to discuss this further (in case got relevance to our local fintech startup scene)?
to me it's just a one-off off-topic post in this SG bank thread only. don't think malaysians (non-PR type) are exposed |
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Apr 11 2025, 09:59 AM
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#242
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Senior Member
3,494 posts Joined: Jan 2003
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good news for those who really needs to send large amounts
QUOTE(Medufsaid @ Jun 10 2024, 08:51 PM) only RM200k to gain premier status in M'sia 🤯🤯 called them, HSBC now requires RM300k since Q4 2024 This post has been edited by Medufsaid: Apr 24 2025, 12:56 PM |
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May 11 2025, 06:56 AM
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#243
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Senior Member
3,494 posts Joined: Jan 2003
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annoymous1234 just to be clear, you only received the email that moonsatelite received right? ("thank you for choosing CIMB your new account number can be found at the top right corner...") https://forum.lowyat.net/index.php?showtopi...ost&p=108740297
have to wait for tuesday i think (bcos it's a manual process for them to send you sms)... and after that, a long 2 week review process before you finally reach this QUOTE(Medufsaid @ Dec 12 2023, 02:54 PM)  This post has been edited by Medufsaid: May 11 2025, 07:19 AM |
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May 11 2025, 11:05 AM
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#244
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Senior Member
3,494 posts Joined: Jan 2003
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annoymous1234 do you see this sentence anywhere in the email?
QUOTE the account will be automatically closed within 30 calendar days from your application date. if documents not in order/ or no bank approval, or any miscellaneous issue etc etc etc. the wordings seems to be slightly different each time |
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May 26 2025, 06:28 PM
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#245
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Senior Member
3,494 posts Joined: Jan 2003
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annoymous1234 have you already deposited S$1k into CIMB sg acct for verification purposes?
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May 26 2025, 07:42 PM
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#246
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Senior Member
3,494 posts Joined: Jan 2003
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annoymous1234 have you linked to CIMB MY already?
 after linked, it should appear here (just that u cannot withdraw S$ until acct approved)  |
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May 26 2025, 08:22 PM
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#247
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Senior Member
3,494 posts Joined: Jan 2003
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yea.. then your situation is unique, or CIMB SOP already changed from years ago. usually what happens is, u can still see amount details from CIMB MY side before CIMB SG actually approved/activated
QUOTE Re my initial deposit for CIMB S'pore, I tested with S$1 transfer from my joint account in another Spore Bank. It showed up in my CIMB clicks online and the linked Sg account is shown as "active". Then transferred another S$999 from the same joint account. Immediately reflected in the account as seen in my CIMB clicks.MY. It's been 2 days, I've not received any activation code for CIMB Clicks Sg. Hmm, maybe need to contact them QUOTE I thought something not right as their approval email says they will send a 6 digit activation code via SMS, to enable log-in to Cimb.Sg within 1 business day after account is activated. So, the 'active' status i see on Cimb Clicks. MY does not mean that the account is actived. |
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May 29 2025, 06:51 AM
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#248
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Senior Member
3,494 posts Joined: Jan 2003
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annoymous1234 a tip here. you can either link by
This post has been edited by Medufsaid: Jul 18 2025, 04:33 PM |
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May 29 2025, 11:47 AM
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#249
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Senior Member
3,494 posts Joined: Jan 2003
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if you make your transfer to SGD via sunway money, do they ask you for reason of transfer like money match? i haven't done any transfer via sunway yet
This post has been edited by Medufsaid: May 29 2025, 05:01 PM |
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Jun 18 2025, 10:56 AM
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#250
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Senior Member
3,494 posts Joined: Jan 2003
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QUOTE(Medufsaid @ Dec 17 2024, 04:41 PM)  MBBESGS2XXX |
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Jun 18 2025, 11:08 AM
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#251
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Senior Member
3,494 posts Joined: Jan 2003
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QUOTE(GalaxyV @ Jun 18 2025, 11:02 AM) why many like to open bank account in Singapore? mainly bcos quite a lot of us here are IBKR users. cheaper to deposit, easier to withdrawother various reason (some don't want to hold MYR) |
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Jun 18 2025, 11:23 AM
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#252
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Senior Member
3,494 posts Joined: Jan 2003
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GalaxyV many other currencies also. sending USD direct using wise is not cheap these days (USD1.19 per deposit), so if u only want to use wise, u can avoid that $1.19 by converting to EUR and sending that to IBKR GalaxyV liked this post
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Jun 20 2025, 02:49 PM
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#253
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Senior Member
3,494 posts Joined: Jan 2003
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GalaxyV USD->SGD conversion fee inside IBKR is $2 per $100k 2 months ago i withdraw RM500 straightaway withdraw to wise. as wise USD->MYR conversion fee for USD1xx is <$2 This post has been edited by Medufsaid: Jun 20 2025, 02:50 PM GalaxyV liked this post
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Jun 20 2025, 03:08 PM
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#254
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Senior Member
3,494 posts Joined: Jan 2003
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QUOTE(Hansel @ Jun 20 2025, 02:56 PM) I use DBS MCA to convert my funds betw USD & SGD at close to interbank rates. wise actually outperform DBS MCA. as IBKR outperforms Wise, it'll be IBKR>Wise>DBS. of course you cannot directly use IBKR as a money changer outright. u have to use the money to invest firstQUOTE I just converted 6k USD to SGD QUOTE Just checked, DBS: 60,000 usd -> 80,393.94 sgd wise: 60,000 usd -> 80,749.09 sgd mid: 60,000 usd -> 80,960.40 sgd This post has been edited by Medufsaid: Jun 20 2025, 03:08 PM |
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Jun 20 2025, 03:35 PM
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#255
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Senior Member
3,494 posts Joined: Jan 2003
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QUOTE(Hansel @ Jun 20 2025, 03:32 PM) Emm,... bro,.. perhaps not everybody has this,.. I use DBS Private - better rate than normal DBS MCA forex rate by a lot. so it's a good thing u finally explain what you really have else you'll create misinformationI'm just quoting my experiences,... |
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Jun 20 2025, 08:32 PM
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#256
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3,494 posts Joined: Jan 2003
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QUOTE(Ramjade @ Jun 20 2025, 03:50 PM) You are happy to let banks earn the Forex spread. hard to say. he says he's on DBS private so need to compare that exchange spread against wise (or IBKR) Hansel liked this post
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Jun 24 2025, 09:12 AM
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#257
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Senior Member
3,494 posts Joined: Jan 2003
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 Duitnow Overseas Transfer hilang |
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Jul 2 2025, 12:05 PM
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#258
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Senior Member
3,494 posts Joined: Jan 2003
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privatequity you can always deposit back some cash but don't be upset if they suddenly contact you asking for proof of residency.
i won't deposit any more cash as i don't intend to keep OCBC sg after the 1st year (after that have to keep S$3k min balance) anyway. You can find out and report to us This post has been edited by Medufsaid: Jul 2 2025, 12:13 PM |
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Jul 3 2025, 08:48 AM
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#259
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Senior Member
3,494 posts Joined: Jan 2003
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tropik i switched before for CIMB sg, no issues. don't have MBB sg. in fact in malaysia it's only MBB malaysia that requires a visit to ATM This post has been edited by Medufsaid: Jul 3 2025, 08:48 AM tropik liked this post
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Jul 6 2025, 06:48 AM
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#260
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Senior Member
3,494 posts Joined: Jan 2003
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QUOTE(annoymous1234 @ Jul 6 2025, 12:38 AM) How about transferring money from CIMB SG back to CIMB MY? How to get the cheapest fees? CIMB SG -> CIMB MYQUOTE(Medufsaid @ Jan 4 2024, 05:39 PM)  why?
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