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 Opening a Bank Account in Singapore

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Ramjade
post Nov 15 2016, 06:51 PM

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I have maybank and scb. Can I asked referral letter from this 2 bank to let me open account?
Hansel
post Nov 15 2016, 09:44 PM

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QUOTE(orangbulu @ Nov 15 2016, 03:39 PM)
Do you know who is the largest shareholder of standard chartered smile.gif
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Temasek !
Ramjade
post Nov 15 2016, 09:53 PM

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QUOTE(Hansel @ Nov 15 2016, 09:48 PM)
Bro,... you are always scouring ard these pages. You would have read that you just need to answer yes to their questions, act smart and answer with some higher numericals to their questions which required numerical answers.

Come on, bro,...
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And if they do a background check to find that I don't have that much money?
jack2
post Nov 16 2016, 04:30 PM

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QUOTE(Ramjade @ Nov 15 2016, 06:51 PM)
I have maybank and scb. Can I asked referral letter from this 2 bank to let me open account?
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I an with UOB and they issued me reference letter to UOB Singapore and open account.

I need to find time and fly to Singapore.
TOMEI-R
post Nov 17 2016, 11:33 AM

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QUOTE(Hansel @ Oct 25 2016, 04:44 PM)
See thread : SGX Counters.

You can still open savings accts at Standard Chartered Singapore and at Maybank Singapore with your normal documents. Do it quickly before these two banks close their doors too.
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Hi... can some Malaysian with no referral letter from any banks and an employment pass just walk in with a passport and ic and open a savings accounts with any Standard Chartered Singapore branch?
kart
post Nov 17 2016, 07:49 PM

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QUOTE(Hansel @ Oct 25 2016, 04:40 PM)
YES, bro,.... open one more at Maybank too,... there are its benefits too,... when you wished to move funds in and out of MY into Sgp....provided you also have a Maybank acct in MY.
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QUOTE(Hansel @ Oct 25 2016, 04:44 PM)
See thread : SGX Counters.

You can still open savings accts at Standard Chartered Singapore and at Maybank Singapore with your normal documents. Do it quickly before these two banks close their doors too.
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For me, I have POSB and OCBC (Singapore) saving accounts. Do I still need to open a Maybank Singapore saving account? So, is it cheaper to move fund between Maybank Malaysia saving account and Maybank Singapore saving account?

For now, I use Visa Direct to transfer fund from Maybank Malaysia saving account, to my POSB saving account. The fund is transferred via Visa network, into my a debit card linked with my POSB saving account. Then, via FAST, I can transfer fund between POSB and OCBC (Singapore) saving accounts, for free.

Yeah, this method may not be the cheapest method, so I am open to any suggestion from you all, on the cheapest and best way to move fund between Malaysia saving account and Singapore saving account.

Thank you for your advice. notworthy.gif

prince_mk
post Nov 17 2016, 08:02 PM

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QUOTE(Ramjade @ Nov 15 2016, 06:51 PM)
I have maybank and scb. Can I asked referral letter from this 2 bank to let me open account?
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maybank sg can accept you if you provide them maybank msia acc num. no problem. others seem to be closing their door.
prince_mk
post Nov 17 2016, 08:04 PM

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QUOTE(kart @ Nov 17 2016, 07:49 PM)
For me, I have POSB and OCBC (Singapore) saving accounts. Do I still need to open a Maybank Singapore saving account? So, is it cheaper to move fund between Maybank Malaysia saving account and Maybank Singapore saving account?

For now, I use Visa Direct to transfer fund from Maybank Malaysia saving account, to my POSB saving account. The fund is transferred via Visa network, into my a debit card linked with my POSB saving account. Then, via FAST, I can transfer fund between POSB and OCBC (Singapore) saving accounts, for free.

Yeah, this method may not be the cheapest method, so I am open to any suggestion from you all, on the cheapest and best way to move fund between Malaysia saving account and Singapore saving account.

Thank you for your advice.  notworthy.gif
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I tried ask some posb bank but they refused to let me open acc there coz I don hav working permit or PR.

when did u open d posb ?
prince_mk
post Nov 17 2016, 08:04 PM

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QUOTE(TOMEI-R @ Nov 17 2016, 11:33 AM)
Hi... can some Malaysian with no referral letter from any banks and an employment pass just walk in with a passport and ic and open a savings accounts with any Standard Chartered Singapore branch?
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last year yes. this year seems to be difficult. I think by now they closing the door.
prince_mk
post Nov 17 2016, 08:05 PM

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QUOTE(Ramjade @ Nov 15 2016, 09:53 PM)
And if they do a background check to find that I don't have that much money?
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bro

they wont check whether you have a deep pocket or not. don't worry.

This post has been edited by prince_mk: Nov 17 2016, 08:06 PM
prince_mk
post Nov 17 2016, 08:17 PM

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QUOTE(jack2 @ Nov 16 2016, 04:30 PM)
I an with UOB and they issued me reference letter to UOB Singapore and open account.

I need to find time and fly to Singapore.
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update us later okay.
TOMEI-R
post Nov 17 2016, 10:23 PM

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QUOTE(prince_mk @ Nov 17 2016, 08:04 PM)
last year yes. this year seems to be difficult. I think by now they closing the door.
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Update us if u have any luck in opening one. Have u tried most banks in Sgp?
Ramjade
post Nov 18 2016, 04:58 AM

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QUOTE(TOMEI-R @ Nov 17 2016, 10:23 PM)
Update us if u have any luck in opening one. Have u tried most banks in Sgp?
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He already have SCB account in SG.
TOMEI-R
post Nov 18 2016, 08:16 AM

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QUOTE(Ramjade @ Nov 18 2016, 04:58 AM)
He already have SCB account in SG.
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Anybody else have any luck with other banks?
ShinG3e
post Nov 18 2016, 11:23 AM

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QUOTE(kart @ Nov 17 2016, 07:49 PM)
For me, I have POSB and OCBC (Singapore) saving accounts. Do I still need to open a Maybank Singapore saving account? So, is it cheaper to move fund between Maybank Malaysia saving account and Maybank Singapore saving account?

For now, I use Visa Direct to transfer fund from Maybank Malaysia saving account, to my POSB saving account. The fund is transferred via Visa network, into my a debit card linked with my POSB saving account. Then, via FAST, I can transfer fund between POSB and OCBC (Singapore) saving accounts, for free.

Yeah, this method may not be the cheapest method, so I am open to any suggestion from you all, on the cheapest and best way to move fund between Malaysia saving account and Singapore saving account.

Thank you for your advice.  notworthy.gif
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hi kart, i just received an email from maybank SG regarding this TT so i will share with you on this.

send money from MY to SG = Maybank Msia charge RM10.60 (include GST) + Maybank SG charge SGD10 for inward remittance

send money from SG to MY = Maybank SG charge SGD 15 for online transfer. Instant transfer would be 0.125% commission (min $20, max $100) + processing fee $10 (of course cheaper with normal online transfer if no rush) [Only thing i have yet to know is much does MY Maybank charge for inward remittance from SG banks.


Hansel
post Nov 18 2016, 11:57 AM

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QUOTE(ShinG3e @ Nov 18 2016, 11:23 AM)
hi kart, i just received an email from maybank SG regarding this TT so i will share with you on this.

send money from MY to SG = Maybank Msia charge RM10.60 (include GST) + Maybank SG charge SGD10 for inward remittance

send money from SG to MY = Maybank SG charge SGD 15 for online transfer. Instant transfer would be 0.125% commission (min $20, max $100) + processing fee $10 (of course cheaper with normal online transfer if no rush) [Only thing i have yet to know is much does MY Maybank charge for inward remittance from SG banks.
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1) If you have a DBS Account, you can use a facility called DBS Remit, and remit to Msia without charges at all.

2) There is NO charge imposed by Maybank Msia for inward remittance from an Sgp Bank.
ShinG3e
post Nov 18 2016, 12:11 PM

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QUOTE(Hansel @ Nov 18 2016, 11:57 AM)
1) If you have a DBS Account, you can use a facility called DBS Remit, and remit to Msia without charges at all.

2) There is NO charge imposed by Maybank Msia for inward remittance from an Sgp Bank.
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ideal situation would be having a DBS account then.

and thanks for the tip on MY bank inward remittance. icon_rolleyes.gif
Ramjade
post Nov 18 2016, 12:14 PM

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QUOTE(ShinG3e @ Nov 18 2016, 12:11 PM)
ideal situation would be having a DBS account then.

and thanks for the tip on MY bank inward remittance.  icon_rolleyes.gif
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DBS needs min SGD3k or they start charging you.
Hansel
post Nov 18 2016, 12:18 PM

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QUOTE(ShinG3e @ Nov 18 2016, 12:11 PM)
ideal situation would be having a DBS account then.

and thanks for the tip on MY bank inward remittance.  icon_rolleyes.gif
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QUOTE(Ramjade @ Nov 18 2016, 12:14 PM)
DBS needs min SGD3k or they start charging you.
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thumbsup.gif I love yr profile photo, Shin,...

Bro Ramjade,... charging SGD5 per month ?
Ramjade
post Nov 18 2016, 12:27 PM

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QUOTE(Hansel @ Nov 18 2016, 12:18 PM)
:thumbsup: I love yr profile photo, Shin,...

Bro Ramjade,... charging SGD5 per month ?
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Don't know how much. But if you look at their page, one must have min of xxxx/month.

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