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 Opening a Bank Account in Singapore

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prince_mk
post Dec 16 2015, 03:19 PM

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True. They dont bother coz we are spending in their country. I seldom bring this much
nexona88
post Dec 16 2015, 03:45 PM

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QUOTE(orangbulu @ Dec 16 2015, 01:40 PM)
Usually Malaysia side don't check. It's the Singapore side checking. Also if you bring 20k sgd in 1k note it's only 20 notes. You can just put inside wallet
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wah SGD have 1k note rclxms.gif

meanwhile BolehLand stop years ago cry.gif

user posted image


orangbulu
post Dec 16 2015, 04:34 PM

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QUOTE(nexona88 @ Dec 16 2015, 03:45 PM)
wah SGD have 1k note  rclxms.gif

meanwhile BolehLand stop years ago  cry.gif

user posted image
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They used to have 10k sgd note. The highest value note in the whole world at that time. But they discontinued it last year.
nexona88
post Dec 16 2015, 04:38 PM

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QUOTE(orangbulu @ Dec 16 2015, 04:34 PM)
They used to have 10k sgd note. The highest value note in the whole world at that time. But they discontinued it last year.
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wah that's seriously too big amount shakehead.gif

1k note okay lor blush.gif
kit2
post Dec 16 2015, 09:04 PM

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QUOTE(orangbulu @ Dec 16 2015, 04:34 PM)
They used to have 10k sgd note. The highest value note in the whole world at that time. But they discontinued it last year.
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do they have $5000 note?
wil-i-am
post Dec 16 2015, 09:37 PM

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QUOTE(prince_mk @ Dec 16 2015, 10:40 AM)
Quite also. The Manager asked alot of questions.

More stringent. Ocbc doesnt allow me to open.
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U managed to open with which Bank?
nexona88
post Dec 16 2015, 09:49 PM

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QUOTE(kit2 @ Dec 16 2015, 09:04 PM)
do they have $5000 note?
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nope. now the highest is $1000 note only tongue.gif
prince_mk
post Dec 17 2015, 10:10 AM

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QUOTE(wil-i-am @ Dec 16 2015, 09:37 PM)
U managed to open with which Bank?
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Standard Chartered
kart
post Jan 5 2016, 12:08 AM

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Sometimes, photocopy of our Malaysia Identification Card is needed for banking purposes in Singapore.

For that, is it okay to cross out the photocopy, and write "Not for Loan", and "Only for XXX Bank - To Open Saving Account" on the photocopy?
Jeof
post Feb 2 2016, 06:10 PM

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Hi guys i myself too is planning to open one in singapore. I was planning to open dbs account. I do not have -any permit whatsoever. Was wondering if the banks will deny us?

Anyone managed to open one there? Can share your experience and what to expect and prepare?
kit2
post Feb 2 2016, 06:22 PM

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QUOTE(Jeof @ Feb 2 2016, 06:10 PM)
Hi guys i myself too is planning to open one in singapore. I was planning to open dbs account. I do not have -any permit whatsoever. Was wondering if the banks will deny us?
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why not if you have $$$$? many indonesians open bank accounts in singapore too. be prepared to go to another bank/branch if the staff make things difficult for you. remember to bring proof of address.

orangbulu
post Feb 2 2016, 09:32 PM

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QUOTE(Jeof @ Feb 2 2016, 06:10 PM)
Hi guys i myself too is planning to open one in singapore. I was planning to open dbs account. I do not have -any permit whatsoever. Was wondering if the banks will deny us?

Anyone managed to open one there? Can share your experience and what to expect and prepare?
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Read through the past few pages, there are several ways to get an account. May i know why DBS in particular? The interest rates are quite shitty, plus the atm is always full of people
Jeof
post Feb 3 2016, 06:21 PM

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QUOTE(kit2 @ Feb 2 2016, 06:22 PM)
why not if you have $$$$? many indonesians open bank accounts in singapore too. be prepared to go to another bank/branch if the staff make things difficult for you. remember to bring proof of address.
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Can i use malaysia as proof of address or it must be in singapore? If its malaysia perhaps i can bring my phone bill along as well smile.gif


QUOTE(orangbulu @ Feb 2 2016, 09:32 PM)
Read through the past few pages, there are several ways to get an account. May i know why DBS in particular? The interest rates are quite shitty, plus the atm is always full of people
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Yep read from first page on wards. Had some idea. My main motive is to TT money from Malaysia to my bank account in Singapore and vice versa. One of the main reason because i travel to SG quite often. Quite unsafe to bring loads of cash around. So having a local bank there and swipe with card will be a better idea.

How much should i prepare in cash?

Should i go honest with them for weakening of ringgit/travel often here or use "opening trading account or unit trust" ? Which will be the most ideal option. Also i read a few pages back that it is better to open 2 accounts in SG? why so? icon_question.gif



This post has been edited by Jeof: Feb 3 2016, 06:46 PM
cwhong
post Feb 4 2016, 11:58 AM

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i found this citibank global all in one account opening.....

https://www.ipb.citibank.com.sg/english/for...=PAEADIPDBAENC1
SUSintrepidity85
post Feb 4 2016, 12:20 PM

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QUOTE(cwhong @ Feb 4 2016, 11:58 AM)
i found this citibank global all in one account opening.....

https://www.ipb.citibank.com.sg/english/for...=PAEADIPDBAENC1
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citibank good? i thought a lot ppl feedback say no good
Yato
post Feb 4 2016, 02:53 PM

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QUOTE(kart @ Jan 5 2016, 12:08 AM)
Sometimes, photocopy of our Malaysia Identification Card is needed for banking purposes in Singapore.

For that, is it okay to cross out the photocopy, and write "Not for Loan", and "Only for XXX Bank - To Open Saving Account" on the photocopy?
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yup, its safer & better to cross out the document so that the bank can't use your documents for other purposes like applying for credit card, take a personal loan etc.
Be safe then sorry.
Jeof
post Feb 5 2016, 01:03 AM

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Opening IPB with citibank minimum requirement is 50k USD and that amount cannot be moved for 3 months. Hence I'm trying to see if they are any alternatives. Hope anyone with knowledge are able to help out
cwhong
post Feb 5 2016, 01:29 AM

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QUOTE(intrepidity85 @ Feb 4 2016, 12:20 PM)
citibank good? i thought a lot ppl feedback say no good
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I have no idea, i just randomly search and saw this interesting so i posted here for sharing purposes as i hv no intention to hold foreign acct at the time being maybe in the future i will consider...... nod.gif
TSOM
post Feb 5 2016, 05:00 AM

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I also want to open a bank account in SG with the lowest min balance with no annual fees.

Any suggestion?
Jeof
post Feb 6 2016, 09:18 AM

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QUOTE(TSOM @ Feb 5 2016, 05:00 AM)
I also want to open a bank account in SG with the lowest min balance with no annual fees.

Any suggestion?
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reading from a few pages back i heard, opening with the reason of "trading account" is doable not sure though. Hope any sifus here can verify

This post has been edited by Jeof: Feb 6 2016, 09:19 AM

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