I am coming to SG to study...

Once I obtain my student pass, will open OCBC monthly savings account, dollardex (for Fullerton SGD cash fund), and ICBC SG (3-month FD always looks attractive compared to others).

Account closed at Jurong Point. Took around 5-10 minutes. Queue was not that long, although there are quite some people.

Only need Malaysia IC, no need passport. They actually allow you to keep the debit card (as souvenir ) even after the account is closed. (of course it won't be functional anymore).

The counter officer said she was once scolded by a customer when she destroyed the customer's debit card upon account closure, so she "learnt her lesson".

I asked her to destroy the debit card (especially the chip) anyway.

My account balance was rounded up to the nearest 10 SG cents. So instead of paying me 782.92, I received 783 instead. I "earned" 8 cents from Maybank SG... Not sure if other SG banks "round up" their customers' balance too.

This post has been edited by TOS: Jul 29 2023, 08:44 AM

Banks to charge for use of Singdollar cheques by Nov 1, to stop taking corporate cheques by end-2025

https://www.businesstimes.com.sg/companies-...heques-end-2025 (no paywall)

Wow nice. Is the Moneymatch transfer instantaneous?

The 2941.83 SGD shown in Ramjade's screenshot is the after-fee amount right? I can see that RM 5 has been included as the "transfer fee" item.

Yea. 2.2k SGD before qualifying exam, 2.7k SGD after that.

Supervisor told me my School may offer additional stipend for teaching assistant duties.

Now I know NTU got free food almost daily! Really saved a lot on meals.

Err. I opened a Money Match account,



Investing.com quoted 3.3932 as of 11:25.

So spread = [3.3932-(1005/294.05)]/3.3932 = about 72 basis points. That's about as terrible as Wise. No?

Yea the RM 5 and RM 1 charged by Money match and Sunway Money do matter.

Must be careful with their "marketing strategy".

Such pricing methods are designed to trap unsuspecting customers.

Ah flat fee RM 5. So "volume" needs to be big enough.

Got it gentlemen.

Opps...



Source: https://forums.hardwarezone.com.sg/threads/...#post-148750777

Now angry Sporeans are planning to run GXS down on the 17th Aug

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

CIMB SG is offering 3.50% for 6 months on fresh fund deposited at the bank (CASA account): https://www.cimb.com.sg/en/personal/promoti...%20Customers%20

T&C for new customers: https://www.cimb.com.sg/content/dam/cimbsg/...st-promo-23.pdf

T&C for existing customers: https://www.cimb.com.sg/content/dam/cimbsg/...romo-23-etb.pdf

This post has been edited by TOS: Aug 7 2023, 11:22 PM

Can refer to this table extracted from their T&C documents:



Baseline is the July month-end balance (i.e. existing money as at 31st July). Anything above baseline will earn 3.5% p.a. but you must maintain your "fresh fund" added on/after 1st of August for the next 6 months. Otherwise, if it dips below baseline then you earn the old "tiered" rate.

N.B. CIMB SG uses ACT/365 day-count convention.

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

HWZ's FastSaver thread has an active discussion on this promotion: https://forums.hardwarezone.com.sg/threads/...176026/page-124

Planning to move my money from DBS to CIMB SG as well. This 3.50% is some sort of floating/"unfixed" deposit, unlike a typical fixed deposit locking you for 6 months.

Just need to make sure the balance is at least 1k SGD at all times for the next 6 months. (incremental balance for existing customer)

This post has been edited by TOS: Aug 8 2023, 08:55 AM

Oh, one reminder. Make sure you guys click the EVA chatbot link to "register" into the promotion. It's part of the T&C.

https://www.cimb.com.sg/en/personal/promoti...%20Customers%20



I transferred 6k SGD then only realize the chatbot link. Not sure if it counts... will check back on the 20th next month.

You can switch to monthly saving account, only 500 SGD minimum required to avoid fall-below fees.

As for T-bills, not really. You will need a CDP account to purchase a T-bill, hence you will need an SG address.

Unless you manage to open one of your Spore banks with SG address (hence shown on the bank's statement), it's unlikely that you will be able to open a CDP account (alternatives include utility bills/phone bills with SG address but this is definitely more difficult as you will have to come to SG in person).

Someone posted this on HWZ: https://www.chocolatefinance.com/

Looks tempting...

(EDIT: You need SingPass MyInfo, so can forget about it if you are not PR or citizen.)

This post has been edited by TOS: Aug 17 2023, 08:41 AM

Student pass approved and issued! It's time to open accounts!



This post has been edited by TOS: Aug 17 2023, 12:34 PM

Better not. Student Pass expires in 2028... Later cannot login to my own account upon graduation.

Will only use SingPass to open accounts if I am PR or citizen in due course.

Opened MoneyOwl account successfully. Had to argue with them students don't need TINs in Malaysia...

Just deposited 100 SGD into WiseSaver portfolio, it says fund received and will process in 1-2 working days. They will email you that they receive your money about 5 minutes after you transferred money out of your bank account, pretty efficient. Payment can be done via FAST or PayNow.

How long does it take to withdraw money from WiseSaver? Ramjade

I have withdrawn all money out of FSM SG at the same time. Platform fee eats 20 basis points into my annual return...

This post has been edited by TOS: Aug 21 2023, 06:59 PM

DBS My Account and DBS Multiplier Account (if opened online, can ask counter officer to do that) do not have minimum balance requirement.

Some good (and important) updates for CIMB SG account holders:



Source: PC-User/HWZ

This post has been edited by TOS: Aug 27 2023, 09:02 PM

Err don't quite understand your case. The mobile number for CIMB SG and MY should be registered separately when you open the accounts respectively.

You may then link up CIMB SG and MY accounts which allow you to check each other country's account balance details when you login from the other.

E.g. Login to CIMB SG can see CIMB MY saving accounts and FDs; login to CIMB MY can see CIMB SG account details.

As for mobile number notifications, I think there are separate storing system for each account (SG and MY).

Usually I will receive an email notification for money deposited into/exiting CIMB MY. No notification is given for money going into CIMB SG for my case. Money exiting CIMB SG will trigger an SMS or notification email, depending on your settings:



This post has been edited by TOS: Aug 28 2023, 10:59 AM