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 Opening a Bank Account in Singapore

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David_Yang
post Apr 23 2020, 09:35 PM

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QUOTE(ben3003 @ Apr 20 2020, 08:50 PM)
Guys how to you transfer from your singapore account to malaysia? i tried instarem but need to register instarem singapore for this purpose.. and register instarem sg need sg address.
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If you not really really really need money absolutely desperate now, leave it in Singapore! Better take loan in MYR if possible.
samsungXP
post Apr 24 2020, 01:24 AM

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dbs debit card send to msia using which courier ? normal mail or pos laju ?
tadashi987
post Apr 24 2020, 08:53 AM

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QUOTE(samsungXP @ Apr 24 2020, 01:24 AM)
dbs debit card send to msia using which courier ? normal mail or pos laju ?
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wow u manged to open DBS online? hmm.gif
samsungXP
post Apr 24 2020, 02:56 PM

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QUOTE(tadashi987 @ Apr 24 2020, 08:53 AM)
wow u manged to open DBS online?  hmm.gif
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no.juz apply debit card to change my normal atm card
Ramjade
post Apr 24 2020, 04:41 PM

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QUOTE(mr_tuzki @ Apr 24 2020, 12:26 PM)
So pessimistic on MYR / Malaysia future.. haha.
Ok, Need to figure out a way to open SG account.
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Your answer is found here.
samsungXP
post Apr 25 2020, 04:36 PM

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QUOTE(samsungXP @ Apr 24 2020, 01:24 AM)
dbs debit card send to msia using which courier ? normal mail or pos laju ?
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anyone know ?
abcn1n
post Apr 25 2020, 07:27 PM

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QUOTE(ben3003 @ Apr 20 2020, 07:50 PM)
Guys how to you transfer from your singapore account to malaysia? i tried instarem but need to register instarem singapore for this purpose.. and register instarem sg need sg address.
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QUOTE(Ramjade @ Apr 20 2020, 08:39 PM)
Cimb SG -> Cimb my : very good rates
Cimb my -> Cimb sg : avoid at all cost
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Why are people not using TransferWise? So far I have been using TransferWise instead of Instarem to transfer RM to SGD. Very fast. Is CIMB SG-->CIMB my better than transferwise's rate?

Noticed that xe.com may also be able to transfer? Not sure. Did not explore it
jake9110
post Apr 25 2020, 07:52 PM

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Hi guys, I just opened my cimb fastsaver account and about to fund the account. Looking through the comments in this forum, it's usually from cimb my to cimb sg. But did anyone tried funding using instarem and to fund minimum (eg. SGD 10) from own cimb account? Would it still recognize as our own fund transfer?
Ramjade
post Apr 25 2020, 07:55 PM

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QUOTE(abcn1n @ Apr 25 2020, 07:27 PM)
Why are people not using TransferWise? So far I have been using TransferWise instead of Instarem to transfer RM to SGD. Very fast. Is CIMB SG-->CIMB my better than transferwise's rate?

Noticed that xe.com may also be able to transfer? Not sure. Did not explore it
*
Transferwise most of the time expensive vs instarem. Is the only fintech I will use for bringing money back to Malaysia should there be a need. There is another fintech based in singapore which allows malaysians to open an account online. Have not tried them yet. But I know this fintech rates is the cheapest.

Cimb sg rates sometimes better than transferwise. Surprisingly. Forget about xe. We cannot use XE. XE is only for westerners.

This post has been edited by Ramjade: Apr 25 2020, 07:57 PM
Ramjade
post Apr 25 2020, 08:18 PM

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QUOTE(mr_tuzki @ Apr 25 2020, 08:14 PM)
What's the best / easiest way to open a Sg bank account, without having to physically go there? I thought it was quite difficult to open an Sg bank account unless you're a PR / have a long term resident visa? Is it possible to open ask our Malaysian Maybank / CIMB branch to open a corresponding account with their Sg counterpart?
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Your answer is found here. Kindly read. No spoon feeding.
cklimm
post Apr 25 2020, 08:39 PM

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QUOTE(jake9110 @ Apr 25 2020, 07:52 PM)
Hi guys, I just opened my cimb fastsaver account and about to fund the account. Looking through the comments in this forum, it's usually from cimb my to cimb sg. But did anyone tried funding using instarem and to fund minimum (eg. SGD 10) from own cimb account? Would it still recognize as our own fund transfer?
*
QUOTE(Ramjade @ Apr 25 2020, 07:55 PM)
Transferwise most of the time expensive vs instarem. Is the only fintech I will use for bringing money back to Malaysia should there be a need. There is another fintech based in singapore which allows malaysians to open an account online. Have not tried them yet. But I know this fintech rates is the cheapest.

Cimb sg rates sometimes better than transferwise. Surprisingly. Forget about xe. We cannot use XE. XE is only for westerners.
*
I am actually using BigPay to transfer to SG. Yes, it is not the best rate, but what else gives you 50 days of interest free period?
Ramjade
post Apr 25 2020, 08:40 PM

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QUOTE(cklimm @ Apr 25 2020, 08:39 PM)
I am actually using BigPay to transfer to SG. Yes, it is not the best rate, but what else gives you 50 days of interest free period?
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Hehe... Only RM10k each time right?
cklimm
post Apr 25 2020, 08:41 PM

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QUOTE(Ramjade @ Apr 25 2020, 08:40 PM)
Hehe... Only RM10k each time right?
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used to be 10, now 5
Ramjade
post Apr 25 2020, 08:44 PM

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QUOTE(cklimm @ Apr 25 2020, 08:41 PM)
used to be 10, now 5
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Max can transfer to SG. I forgot already how much was their limit.
abcn1n
post Apr 25 2020, 08:48 PM

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QUOTE(Ramjade @ Apr 25 2020, 07:55 PM)
Transferwise most of the time expensive vs instarem. Is the only fintech I will use for bringing money back to Malaysia should there be a need. There is another fintech based in singapore which allows malaysians to open an account online. Have not tried them yet. But I know this fintech rates is the cheapest.

Cimb sg rates sometimes better than transferwise. Surprisingly. Forget about xe. We cannot use XE. XE is only for westerners.
*
Thanks. When I first started transferring RM to SGD, I compared Transferwise, Instarem and BigPay. They all yielded about the same $ amount. After that, I did not bother comparing anymore as Transferwise usually transferred within an hour. Must go and try compare again. Wonder is it because I transferred $10k each time instead of bigger amount 1 shot.


QUOTE(Ramjade @ Apr 25 2020, 08:40 PM)
Hehe... Only RM10k each time right?
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QUOTE(cklimm @ Apr 25 2020, 08:41 PM)
used to be 10, now 5
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Bigpay took so long to transfer. Wow, from $10k become $5k now

This post has been edited by abcn1n: Apr 25 2020, 08:49 PM
Ramjade
post Apr 25 2020, 08:52 PM

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QUOTE(abcn1n @ Apr 25 2020, 08:48 PM)
Thanks. When I first started transferring RM to SGD, I compared Transferwise, Instarem and BigPay. They all yielded about the same $ amount. After that, I did not bother comparing anymore as Transferwise usually transferred within an hour. Must go and try compare again. Wonder is it because I transferred $10k each time instead of bigger amount 1 shot.
Bigpay took so long to transfer. Wow, from $10k become $5k now
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I still checked. Whichever give me the best rate gets my business. I use instarem, bigpay, moneymatch with transferwise being the most expensive. Bigpay is the slowest. Sometimes way cheaper than the rest.

That's for credit card topup. But not overseas transfer.
abcn1n
post Apr 25 2020, 09:03 PM

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QUOTE(Ramjade @ Apr 25 2020, 08:52 PM)
I still checked. Whichever give me the best rate gets my business. I use instarem, bigpay, moneymatch with transferwise being the most expensive. Bigpay is the slowest. Sometimes way cheaper than the rest.

That's for credit card topup. But not overseas transfer.
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Thanks. I wonder can anyone of them store foreign currency? Merchantrade can but the rate sucks big time

This post has been edited by abcn1n: Apr 25 2020, 09:04 PM
Ramjade
post Apr 25 2020, 09:08 PM

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QUOTE(abcn1n @ Apr 25 2020, 09:03 PM)
Thanks. I wonder can anyone of them store foreign currency? Merchantrade can but the rate sucks big time
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So far none. Hope revolut comes to malaysia. Bigpay pretty much copy everything revolut have but revolut I know can store foreign currency.
abcn1n
post Apr 25 2020, 09:09 PM

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QUOTE(Ramjade @ Apr 25 2020, 09:08 PM)
So far none. Hope revolut comes to malaysia. Bigpay pretty much copy everything revolut have but revolut I know can store foreign currency.
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Thanks.
jake9110
post Apr 25 2020, 09:20 PM

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QUOTE(cklimm @ Apr 25 2020, 08:39 PM)
I am actually using BigPay to transfer to SG. Yes, it is not the best rate, but what else gives you 50 days of interest free period?
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Thanks for the reply. Did you use BigPay for first time transfer?

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