If you are SG PR, you can forget about opening CIMB My account cause this is for those who want to open CIMB sg according without working or studying in sg.

For you to open an account can be done online. Login to your singpass and open an account from there

I wana transfer some funds from Singapore bank to Malaysia. Heard the rates of Cimb FastSaver is quite good (not referring to TT wiring). But Cimb Fastsaver also need a Cimb Malaysia savings account to link in order to do the transfer. But they did not mention which Cimb saving account in Malaysia. I called Cimb MY but she was not aware of this Cimb FastSaver.

I have just applied the Cimb FastSaver using my Singpass. I have also applied Cimb Basic savings account thru online. They require me to bring mykad to any Cimb branch for verification. Hopefully can link these two savings together so i can transfer my SGD to my Malaysia account.

This post has been edited by lil_flank: May 30 2020, 05:54 PM

I am sure you have other sg bank account right?
Don't need to open CIMB my.

1. Open CIMB SG Fastsaver.
2. First transfer use any local SG bank under your name to transfer SGD1k and you are good to go.

Step 2 cannot be done if you don't have local sg bank account. I used step 2 last time as there was no easy way of using CIMB my to transfer SGD to validate account.

Since you are PR, just use some of sg fintech to transfer money. instarem sg, M1 remit, singx is cheap

This post has been edited by Ramjade: May 30 2020, 06:47 PM

Yes, i have DBS and OCBC savings account in SG therefore i am planning to transfer S$1000 into my Cimb FastSaver to validate my account.

I am currently using M1 remit but the currency rate is not that good even though the service fee is cheap. (Eg. Internet currency rate S$1=Rm3.08; M1 Remit is S$1=Rm3.059).
Singtel Dash have better rates but there are too many limitations.

So now i wana give Cimb Fastsaver a try because heard alot of good reviews that it offers best currency rate.

This post has been edited by lil_flank: May 30 2020, 07:24 PM

CIMB fastsaver sg transfer to others msia bank can ? how the rates

Yup. Rates to transfer back money to Malaysia is good. But this is only good if you don't have access to their fintech. I am very are stuff like singx, world first, instarem is cheaper than CIMB.

Some stuff to note
1. Cheap rates is a promo. Not a feature. Don't know when they will terminate it.
2. Unless you have a Malaysian IC, don't think you can get free basic savings account as it's for Malaysian only.

Can. Only you won't get the cheap promotional rates.

i can use my cimb msia acc to transfer any amount to activate cimb fast saver sg or min need sgd1k ?

To activated fastsaver you need sgd1k.
That sgd1k must come from either
1. A CIMB my account under your name
2. Any local sg bank account under your name.

Ohh i see.. Then i better start switching some of my SG funds to MY if the CIMB rate is good now.

I am a Malaysian so i have Malaysian IC. I will go to the CIMB branch tomorrow to validate my MYKAD.

Don't worry. The cheap rates is a promo not a permanent feature but they keep extending the promo so is basically like a feature.

I will keep CIMB sg last as mentioned sometimes singx, instarem sg and world first offer cheaper rates Vs CIMB sg.

Hi,

Just applied for Fastsavers account and pending linking approval to my Malaysian account.

Has anybody applied for the Fastsavers ATM card? Was wondering if it can be done just for ease of withdrawal in case i travel to Singapore and need funds

Fast saver does not have card. You want card use starsaver. I will use bigpay.

If you want card I think need to pay sgd10. Not sure if it's recurring.

They only have one branch and see that's where their atms are located.

which bank can online opening acc ?

cimb

Singapore’s Record Deposits Seen Signaling Risk Aversion

Foreign-currency deposits at local banks almost quadrupled from a year earlier to a record S$27 billion in April, Monetary Authority of Singapore figures showed Monday. Deposits from non-residents surged 44% to S$62 billion, also the highest level since 1991 when records began, the data show.

https://www.bloomberg.com/news/articles/202...nd=premium-asia

it's normal. during bad times, people look to store their wealth at a strong government with a financial track record of stability. you wouldn't wanna store your wealth in war-torn or political unstable countries.

The cimb sg 1000 deposit to activate, you guy use or using your CIMB MY direct transfer to fast saver?
But I have yet to see the SG acc is shown when I login to cimb MY

u have to manually link it first

Linked. Waiting approval.

Then only transfer 1000 within account?

And interest rates have plunged too... sigh