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 Opening a Bank Account in Singapore

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AnasM
post May 2 2021, 01:02 PM

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QUOTE(!@#$%^ @ May 2 2021, 10:54 AM)
at least sgd1 needs to be transferred from cimb my or another sg sccount of ur own name for verification. the rest of the sgd999 can be done via other avenue including bigpay
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I saw ziet video he say must depo 1k sgd then link to cimb my acc then depo 1 sgd
!@#$%^
post May 2 2021, 01:21 PM

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QUOTE(AnasM @ May 2 2021, 01:02 PM)
I saw ziet video he say must depo 1k sgd then link to cimb my acc then depo 1 sgd
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same thing
ckalvin
post May 3 2021, 01:17 AM

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QUOTE(torres09 @ Apr 30 2021, 08:18 PM)
Update:
Managed to open my Ecosave (or whatever) savings account online, went to branch for verification and deposit.
Opened SG FastSaver account, verified with OTP and transferred $1000 via Wise.
Submitted account linking in CIMBclicks MY now waiting for approval.
Here's hoping everything goes well.
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hi, mind to share which branch you went and success got your account? I had the same problem.

I open cimb basic saving account online, and get sms I can go any branch to do verification and collect my acccount.
But I went to nearer branch (2 times!) 1st time saying its still in progress, 2nd time saying is rejected, and I called online CS and they say cant do anything, final approval is subject to branch decision. They just asked me try with other branch to try my luck.

The 1st branch told me I only can applied when I have valid reason,
1) doesn't has saving account before
2) jz change employer and your employer is using CIMB and only can bank in to CIMB account...
orangutan
post May 3 2021, 08:53 AM

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QUOTE(ckalvin @ May 3 2021, 01:17 AM)
hi, mind to share which branch you went and success got your account? I had the same problem.

I open cimb basic saving account online, and get sms I can go any branch to do verification and collect my acccount.
But I went to nearer branch (2 times!) 1st time saying its still in progress, 2nd time saying is rejected, and I called online CS and they say cant do anything, final approval is subject to branch decision. They just asked me try with other branch to try my luck.

The 1st branch told me I only can applied when I have valid reason,
1) doesn't has saving account before
2) jz change employer and your employer is using CIMB and only can bank in to CIMB account...
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I feel you. Perhaps a lot of their customers have nothing else better to do and suddenly decided one fine day to open an account just for the fun of it which I guess is not a valid reason. doh.gif BTW, you didn't say that did you? tongue.gif

Did you can make a complain at the Complaints Unit

Steps to making a complaint

BNM complaint form

I'm rooting for you. thumbup.gif

We consumers should stick together, maybe try the consumer association too.
EUPH0RIA
post May 3 2021, 11:26 AM

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QUOTE(ckalvin @ May 3 2021, 01:17 AM)
hi, mind to share which branch you went and success got your account? I had the same problem.

I open cimb basic saving account online, and get sms I can go any branch to do verification and collect my acccount.
But I went to nearer branch (2 times!) 1st time saying its still in progress, 2nd time saying is rejected, and I called online CS and they say cant do anything, final approval is subject to branch decision. They just asked me try with other branch to try my luck.

The 1st branch told me I only can applied when I have valid reason,
1) doesn't has saving account before
2) jz change employer and your employer is using CIMB and only can bank in to CIMB account...
*
Hi I'm not OP but this is what I did. I told them I already deposit 1k SGD for my CIMB SG account and to get my account approved I need an MY account. The staff were kinda lost so I assumed the branch manager approached me.

So I explained everything to him, its for stock investment and i need to move money between MY and SG and so on. so he asked for prove and paperwork.

Took them an hour to verify(I think they made a phone call to their SG counterpart?) and finally they approved me smile.gif

TLDR just tell them its for investments and not savings

This post has been edited by EUPH0RIA: May 3 2021, 11:28 AM
GamaX320
post May 3 2021, 11:37 AM

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anyone with iphone facing problem cannot activate mobile token on CIMB SG app?
neshineo
post May 3 2021, 07:13 PM

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QUOTE(ckalvin @ May 3 2021, 01:17 AM)
hi, mind to share which branch you went and success got your account? I had the same problem.

I open cimb basic saving account online, and get sms I can go any branch to do verification and collect my acccount.
But I went to nearer branch (2 times!) 1st time saying its still in progress, 2nd time saying is rejected, and I called online CS and they say cant do anything, final approval is subject to branch decision. They just asked me try with other branch to try my luck.

The 1st branch told me I only can applied when I have valid reason,
1) doesn't has saving account before
2) jz change employer and your employer is using CIMB and only can bank in to CIMB account...
*
lolz, same here bro. Some branches are really strict, i went 2 times, the second time i have to show my epf and income tax to prove that im a valid citizen not open the saving account and sell it.
Btw, the complain form for BNM probably doesnt do too much harm, as it it them to ask bank to verify carefully before open.
So all the best to you thumbsup.gif
neshineo
post May 3 2021, 07:27 PM

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QUOTE(Ramjade @ Apr 30 2021, 08:29 PM)
Make sure to open free basic savings account online and close your current account 7 months later so you don't get charged by CIMB.
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lolz, now only i realize we got charged for the annual fees 15MYR every year for every "special" saving account.
I was wondering what is the different and why do u ask us to close the account. sweat.gif
Ramjade
post May 3 2021, 07:53 PM

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QUOTE(neshineo @ May 3 2021, 07:27 PM)
lolz, now only i realize we got charged for the annual fees 15MYR every year for every "special" saving account.
I was wondering what is the different and why do u ask us to close the account.  sweat.gif
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Your choice. If you feel like it's worth paying the bank for no reason, by all means pay them.

For me, banks serve us and not we serve the banks and I do not like to give banks free money especially they don't give me anything in return so why bother paying bank fees?

That's why all my bank account are fees free. I don't pay a single thing to banks.
AnasM
post May 3 2021, 09:30 PM

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When opening CIMB SG FAST acc it say initial depo is SG1k.
Can I dep SG3k?
Will they accept?
!@#$%^
post May 3 2021, 09:35 PM

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QUOTE(AnasM @ May 3 2021, 09:30 PM)
When opening CIMB SG FAST acc it say initial depo is SG1k.
Can I dep SG3k?
Will they accept?
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sure
Ramjade
post May 4 2021, 03:35 AM

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QUOTE(AnasM @ May 3 2021, 09:30 PM)
When opening CIMB SG FAST acc it say initial depo is SG1k.
Can I dep SG3k?
Will they accept?
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Why do you want to deposit sgd3k when the verification requires only SGD1.00?

Unless you like to pay banks free money then by all means deposit with them SGD3k (I assumed it's from Malaysia)
torres09
post May 4 2021, 08:53 AM

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Hi, my acc linking is successful, now want to transfer the $3 from CIMB MY to CIMB SG.
Which transaction instruction should I select?

Thanks a million
neshineo
post May 5 2021, 09:26 PM

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QUOTE(torres09 @ May 4 2021, 08:53 AM)
Hi, my acc linking is successful, now want to transfer the $3 from CIMB MY to CIMB SG.
Which transaction instruction should I select?

Thanks a million
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transfer to own account, you will see your sg account number there
Eisenmeteor
post May 6 2021, 10:41 AM

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Guys, want to ask. For e-filing, there's a question that ask if i have financial accounts outside financial institutions in Malaysia..

If i opened it on Feb 2021, then i need to declare this only for tax filing year 2021 (complete by 2022) and not for income tax filing for 2020 (complete by April 30) right?
!@#$%^
post May 6 2021, 10:42 AM

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QUOTE(Eisenmeteor @ May 6 2021, 10:41 AM)
Guys, want to ask. For e-filing, there's a question that ask if i have financial accounts outside financial institutions in Malaysia..

If i opened it on Feb 2021, then i need to declare this only for tax filing year 2021 (complete by 2022) and not for income tax filing for 2020 (complete by April 30) right?
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does it matter?
Eisenmeteor
post May 6 2021, 11:11 AM

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QUOTE(!@#$%^ @ May 6 2021, 10:42 AM)
does it matter?
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I dont know. LHDN might call and ask right?
SUSyklooi
post May 6 2021, 11:18 AM

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QUOTE(Eisenmeteor @ May 6 2021, 10:41 AM)
Guys, want to ask. For e-filing, there's a question that ask if i have financial accounts outside financial institutions in Malaysia..

If i opened it on Feb 2021, then i need to declare this only for tax filing year 2021 (complete by 2022) and not for income tax filing for 2020 (complete by April 30) right?
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i think you should report it during your Apr 2021 tax declaration.....
for they did not ask " if i have financial accounts outside financial institutions in Malaysia." through out 2020....or when did you start to have those a/cs

Eisenmeteor
post May 6 2021, 11:45 AM

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QUOTE(yklooi @ May 6 2021, 11:18 AM)
i think you should report it during your Apr 2021 tax declaration.....
for they did not ask " if i have financial accounts outside financial institutions in Malaysia." through out 2020....or when did you start to have those a/cs
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So I open the account on Feb 2021, so i think i will only declare the account for the 2021 filing which is due in 2022 correct?
SUSyklooi
post May 6 2021, 11:46 AM

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QUOTE(Eisenmeteor @ May 6 2021, 11:45 AM)
So I open the account on Feb 2021, so i think i will only declare the account for the 2021 filing which is due in 2022 correct?
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my 'thinking" is just declare it the 1st chance you are asked.....
you opened those a/cs in Feb 2021,.....where you asked during the tax filling in April 2021?

This post has been edited by yklooi: May 6 2021, 11:48 AM

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