Nobody can help out on account opening?

Bro,... for Stanchart eSavers Acct, you have must a daily average of SGD1000 inside. If this daily average falls below SGD1000, then they will charge you SGD5 at the end of the month as fall-below fee.

If you wished to invest this SGD instead, leave SGD60 inside the account for them to deduct, then you can take out SGD940 to invest. SGD60 will allow them to deduct for one full year !

Use the following. I thought somebody would reply,...

1) Call Standard Chartered, Sgp, tel no : 65-67477000, ask them what documents are needed. Tell them of the date that you will be going down. Tell them you intend to do at No : 1 Battery Road.

You do this so that they can't refuse you later ! Bro,... don't go to other branches ! Open at No 1, Battery Road.

2) Gather the docs, then go down !

3) At a minimum, open the eSavers, SGD and USD Settlement Accts.

Bring SGD 1200 with you, you need to put in SGD 1000 into that eSavers Acct.. After that, wait for your token and the ids and passwords to reach your house. Then you can start from there.

Thanks for the heads up bro. Will try and see.

Update.. called the hotline and they require at minimum an Employment pass and supporting documents from a Singapore employer.

This post has been edited by TOMEI-R: Nov 18 2016, 03:20 PM

What about Maybank and DBS/POSB, will they allow Malaysians to open a savings account without needing an EP ?

including this and need to show work permit /employment permit etc right?



yo. if you are do not want to go singapore just to open an account, you may look into opening a Maybank SG account locally. without travel. just go to some selected few MBB branches to sign the form. It's called iSavvy account. minimum SGD500 to open. only con is that it takes 3-4 weeks for them to validate and approve the acc opening.

I opened an account with Maybank SG locally. DBS/POSB no idea.

I dont mind going down to Singapore to open an account there. But Singaporeans bank are requesting for a work permit and related employer documents to let me open an account which I dont have as Im not working in Singapore. Any other ways or banks to go about that?

oh then go with maybank then. no EP or WP needed to open. but u must have msia mbb account first before applying.

Care to share which maybank branch to visit?

U mentioned selected branches but I cant find anything online. Any specific branch would you recommend?

here you go guys.

http://info.maybank2u.com.sg/pdf/deposits-...cation-form.pdf

this is the application form if you want to print out. if not, just visit the branch (scroll all the way to the bottom to find your nearest branch) and get the form.

do take note on the difference between premier wealth and normal branches. worried that if you visit premier branch but you're not MBB customer then they might reject you.

you would also need to prepare a SGD bank draft. just inform the teller and he/she will provide 2 forms for you.

1 x application form
1 x bank draft form (yellow slip) minimum SGD500

hope the above helps.

Thanks for the info bro. Very helpful info.

Looks like Shin's way is better than mine in opening a Sgp bank account,...

Yes, use the above way,... then if you guys needed a trading account with the lowest brokerage charge in Sgp, use my way,... BUT,... quickly open the bank acct first using Shin's way above, BEFORE MAYBANK CLOSES THEIR DOORS !!

http://www.maybank2u.com.my/en/personal/de...ings/savvy.page

First are you 18 years and above?
A Malaysian or Permanent Resident? Opening a Personal or Joint Account?
And please note the Minimum deposit of $5000. (In the form of a SGD Demand Draft)
Ok? Then next steps:

Visit your nearest Maybank branch, bring along your original Identity Card (IC), Police or Armed Forces ID Card, Birth Certificate and MyKid for Malaysians, and Passport for non-residents or foreigners, as your primary document.

You may also need to bring secondary supporting documents such as:
A valid passport (if IC is produced as a Primary document), a valid driving license, utility bills (e.g. water/electricity/telephone bills, Quit Rent, Assessment Notice) in the name and address of the customer opening the account, a Letter of employment or your Credit card.
And that's it! Scroll down to the bottom of the page for more details on how to apply now.

Tomei-R.. let me know if u are successful in opening without the LETTER OF EMPLOYMENT... from Malaysia without going to Sg.



This post has been edited by elea88: Nov 18 2016, 07:29 PM

Im still weighing my options. If possible, I would prefer an account with a Singaporean bank with no link to the Malaysian side. Sorry, but I have my own reasons for this.

Hansel, thank you very much for sharing your tips here.

1) What is the best way to remit money from Malaysia saving account to Singapore saving account?

2) You mentioned one good point of having a DBS saving account. As mentioned earlier, I have a POSB and OCBC (Singapore) saving account. Do I still need to open a Maybank Singapore saving account?

Your advice is highly appreciated.

Thanks for your input, ShinG3e.

The instant transfer method you mentioned is done over the bank counter, right?

I opened my POSB saving account, when I was a student there.

This post has been edited by kart: Nov 18 2016, 10:23 PM

i think it's online e-banking. similar with our local transfer.

Gentlemen,.. perhaps I'm a bit over-careful, but I would look at it this way. Different bank accounts have different qualities. For SG Banks, if they allow us to open bank accounts, I would open a few. I would capitalise on the good qualities carried by each particular bank acct, eg :-

1) Doing a TT from DBS using DBS REMIT is cheap, so, open one bank acct at DBS.
2) If DBS REMIT is stopped by DBS, and fees start, then to move funds between Msia and Sgp, the cheapest way that I know of would be by Maybank. So, open one at Maybank.
3) Standard Chartered brokerage charge is the cheapest in Sgp, so open another at Stanchart, Sgp...
4) If, seuy suey,... should one day, Stanchart stops its equities service, then can shift over to DBSV if you have a DBS Acct..

BUT : as in everything, there is a downside. The downside to opening too many bank accts is the minimum balance that need to be put into each acct..

I check the citibank website and they support global fund transfer among citi account at different countries.
any one try that before? compared to maybank as I try to open sgd account locally.

Boss Hansel,

I did a transfer from MY MBB (charged RM10) to Sg SC last week. fyi, the fund would be route to Sg MBB (charged me SGD20) then only to Sg SC. the best thing is to have a Sg MBB for this purpose coz transfer frm Sg MBB to all banks in Sg is free.

as a results, total charges was RM10 + SGD20. that s a lot.

I would rather transfer frm MY SC / MY HSBC to Sg SC. Charges was RM30 only.