Yeah, pretty much that. Do note that the process will be slower due to CCB

AFAIK no

no, but no interest will be earned if balance is under sgd 1000

I'm actually pretty surprised by how easy it is to open a cimb fast saver account. Only thing left is to request for activation code for sg clicks. If only OCBC was as easy, their 360 seems much better than the one we have here.

wait link first only transfer, then someone will contact you for verification

Can u share the link to open Sg CIMB Acc frm Msia.

TQ

was going through the faq of the iSAVvy account and noticed this :

Maintaining a minimum daily balance of at least S$5,000 over a 6 months period (starting from the second month of account opening) will allow account holders to enjoy 6% interest-on-interest rate.

So if I have SGD5k, after 6 months will be get extra interest of SGD 150 on top of base interest ?

This is applicable if we open the account from MY?
Any catch to this?
Sounds enticing....

if u read carefully. 6% on the meagre interest that u get. not 6% of ur deposit.

In my recent case, what I basically did:

1) Apply for iFastsaver account on cimb sg, there's an e-online form

2) Once account is opened (I think it was almost immediate, or maybe a day, but it was quick from what I remembered), logged into cimb MY (NOT SG site) and linked my sg account. Requires approval, maybe a day or two

3) Once the linking of SG account on MY account is approved, transferred the min activation amount from MY acc to SG acc (1k SGD)

4) Register for cimb SG clicks. There's a pdf form which you have to fill, sign and submit it to their email, basically just follow the instructions on the website for cimb clicks activation

5) Wait for a week or so, someone from CIMB sg will call you and ask about the activation in the mean time.

6) You'll get your activation code needed to login for the first time on cimb sg, once you've done so, link you MY account to your sg acc, and you're all done.

is this the latest T&C? do you have the link?

doing my online filing and noticed new option on declaration of foreign account.
So anyone with such ac have to declare now.....country probably will need extra income now to fund all the debts etc....

read from LHDN e-filing thread just declare for safe, but doesn't has much impact anyway hearsay

My guess is that CIMB Clicks MY layout looked the same 20 years before

Yea, unless you dont want to transfer money back. I guess after making the deposit, most of the other steps dont really matter, with the verification being the most important.

hey guys, this question is for those who opened a CIMB FastSaver SG account but doesn't have a CIMB Malaysia account or whoever has similar experience with it

i just signed up for CIMB FastSaver SG and I'm at part where I need to make a SGD1,000 deposit to get it activated.

i have been told time and time again that the direct TT fees from Malaysian Bank to Singapore Bank costs a ton so i'm looking to maybe use a 3rd party app (InstaREM/TransferWise/etc) to make the transfer.

however, i have also been told that for the initial SGD1,000 transfer for account activation, transfer via 3rd party apps is not allowed, i.e. they want the money transferred from an account under YOUR name for verification purposes which i guess i understand. subsequent transfers into CIMB SG via 3rd party apps are fine.

that said, have anyone here risked it and transferred the SGD1,000 activation deposit into CIMB SG anyway with a 3rd party app? i mean, the account number has already been created anyway.

separately, how much fees did you incur when you direct TT transferred the SGD1,000 from Malaysia to CIMB SG (either from CIMB Malaysia or other Malaysian banks)?

if it helps with answering this question, I currently have an AmBank Malaysia and StanChart Malaysia bank account. I do really want to avoid opening a CIMB Malaysia account but if the general answers that come in says that the CIMB MY -> CIMB SG rates are better than 3rd party apps, I may just have to cave and open one anyway

This post has been edited by encikbuta: May 30 2020, 09:08 AM

Is either you transfer using CIMB sg or use a local sg bank.

Just open a free basic account and be done with it. It cost only Rm20. Make sure you ask for the free basic account. There's a paid basic savings account.

Do u mean the CIMB Basic Savings Account 1 with no annual fee? Can i use CIMB click/online for this basic savings account?

Yes. There are 2 types of basic savings account. The free and the rm8/year.
All CIMB account comes with CIMB clicks.
Don't be cheapskate.Just pay the rm20 opening fees.
With border close, you can't even travel to sg
Even if border open your rm20 is still cheaper than travelling down there.

So again, Don't be a cheapskate. Go open CIMB free basic savings account and pay the RM20.

This post has been edited by Ramjade: May 30 2020, 12:00 PM

If you have spent some time reading the thread and/or use the search button, you would've your answer by now.

Ok. I will apply the basic savings account with no annual fee.

What is an opening fee? I do not need to travel to SG because i am a SG PR therefore i can just apply CIMB FastSaver through online.