Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed
20 Pages « < 16 17 18 19 20 >Bottom

Outline · [ Standard ] · Linear+

 Opening a Bank Account in Singapore

views
     
SUSTOS
post Feb 14 2024, 11:56 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Ramjade @ Feb 14 2024, 11:49 PM)
1. I already have DBS which is a multicurrency account and again I only keep SGD0.10 inside my DBS.
2. I already have cimb sg.

Maybank does not have a multicurrency account, got minimum lockup, and lousy rates (if you want to send money back to Malaysia).

It's basically redundant. So no point I have Maybank sg.
*
3. My Maybank SG debit card kena hacked last May/June... Fraudsters transferred money out of it... Have to complaint to get back refund.

CIMB SG (no debit card), DBS and OCBC SG account + debit cards are working well, no sign of hacking attempts or frauds...

I use my bank cards very conservatively, only pay for food at hawker centers/uni canteents and public transports. No tie up with any ewallets, no Google Pay/Apple Pay etc. and I never let greed fail me by hunting for "cashbacks"...

Since then, I closed both my Maybank MY and Maybank SG accounts.

This post has been edited by TOS: Feb 14 2024, 11:58 PM
SUSTOS
post Feb 18 2024, 09:57 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(moonsatelite @ Feb 18 2024, 09:53 AM)
i have a CIMB SG debit card that is issued to me for free, not worth it. Its just for withdrawing cash, you can't pay/ link to ewallets with it.

If anyone still wants a CIMB SG debit card, sign up for CIMB StarSavers (Savings) instead of FastSavers
*
lol I guess that's only an ATM card? Not a debit card?

Same situation last time with my Hang Seng Bank account in HK, only got ATM card, not debit card... they purposedly wanna nudge people to owe money on credit card... haiz...
SUSTOS
post Feb 21 2024, 12:47 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(TOS @ Feb 1 2024, 08:05 AM)
CIMB SG Fake 3.5% promo officially ended yesterday for those started in August 2023. Those with huge savings may now pull your funds out in search for better alternatives...

Those started in September 2023 still have one more month to go.
*
The last bonus interest is in yesterday for those started in August 2023.
SUSTOS
post Mar 15 2024, 01:25 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(privatequity @ Mar 15 2024, 01:21 PM)
i have ocbc sg acc (applied online) - can we apply for debit card on this?
*
No, you can't. (assuming you apply through the monthly statement account route online from Malaysia.)
SUSTOS
post Mar 20 2024, 10:15 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
About time to close my OCBC SG Frank Account, I checked with Frank Store at NTU, they told me the account will auto close in 6 months time if there is no activity.

Otherwise I need to go to the nearest OCBC branch to close it. Gonna visit Jurong Point again...
SUSTOS
post Mar 20 2024, 11:14 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(TOS @ Feb 21 2024, 12:47 PM)
The last bonus interest is in yesterday for those started in August 2023.
*
Last bonus interest is in this evening for those started in September 2023.

This marks the end of the "fake" 3.5% p.a. CIMB floating deposit promo...

If you have 10k SGD, can try their latest promo: https://www.cimb.com.sg/en/personal/promoti...st-promo24.html
SUSTOS
post Mar 26 2024, 09:34 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
Hello sifus,

I have both CIMB Malaysia account and OCBC SG account. CIMB Malaysia DuitNow registered with my Malaysia number and OCBC SG PayNow registered with my SG number.

Just to check, with the introduction of DuitNow Cross-border payment, I can remit up to 3000 MYR from my CIMB Malaysia account to my OCBC SG account right?

Anyone tried that before? I am not sure how to initiate a transfer from CIMB Clicks Online banking portal? Is it through the usual DuitNow pathway and just type in my SG phone number in the recipient column?

user posted image

Thanks for helping. smile.gif
SUSTOS
post Mar 26 2024, 09:39 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Medufsaid @ Mar 26 2024, 09:37 PM)
CIMB MY not ready. use MBB instead
*
Always appreciate your speedy response. thumbsup.gif

Funny that they list CIMB Bank on the Malaysia side here

https://www.duitnow.my/Cross-Border/fund-transfer.html shakehead.gif
SUSTOS
post Apr 20 2024, 08:37 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
I tried closing OCBC SG Frank Account today at Jurong Point branch. Just need to show Malaysia IC, everything done in 30 seconds...

OCBC SG is damn efficient...
SUSTOS
post Apr 20 2024, 10:03 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Medufsaid @ Apr 8 2024, 09:01 PM)
cashback if you are the first few to do PayNow (DuitNow) Overseas Transfer in MBB sg

user posted image
https://www.maybank2u.com.sg/en/promotions/...-get-money.page
*
Has anyone tried using PayNow QR with OCBC SG to pay for goods in Malaysia? (i.e., pay for MYR goods using SGD money in OCBC SG directly)

If so, how's the exchange rate quoted by OCBC SG?
SUSTOS
post May 19 2024, 10:50 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Yluxion @ May 19 2024, 10:36 AM)
Yupe. Would like a Sunway Money referral, still to receive one.

As for the OCBC 360, I did open one as well & requested a debit card. Will update here once I got it via mail.
*
Err last time someone say open OCBC SG account from Malaysia cannot get debit card, now can liao?
SUSTOS
post May 19 2024, 11:04 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Medufsaid @ May 19 2024, 10:55 AM)
TOS 360 can get debit card, the others can't (you must register via app, not website). so "cannot get debit card" is indeed a yes and a nosunway money got issue logging in. will update u later
*
QUOTE(Yluxion @ May 19 2024, 10:56 AM)
I received an email stating my debit card application is approved. Now just waiting for it to arrive via mail.
*
Oh you open OCBC SG 360 account directly from Malaysia? I remember our friend Mr. Gray says need to start with statement savings account (and open additional accounts like monthly savings or 360) then only close the statement saving account 6 months later.

Now can directly open SG 360 from Malaysia? Would help save the hassle of opening and closing multiple accounts then.
SUSTOS
post May 19 2024, 11:08 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Yluxion @ May 19 2024, 11:06 AM)
Yupe. After opened STS account, I then applied for 360. Approval is instantaneous.
*
Oh, so nothing change lah haha. I thought you open 360 right from the start laugh.gif

No big deal. Thanks for the clarification.

Indeed, that's the case with SG banks. Once you have an existing account with DBS, UOB or OCBC, you can open another one using the existing account as a "reference account" and get instant approval. That's how I open my DBS My Account as well, instant approval using my existing DBS Multiplier account as reference.

This post has been edited by TOS: May 19 2024, 11:10 AM
SUSTOS
post May 22 2024, 11:37 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Medufsaid @ May 20 2024, 04:58 AM)
PseudomonasSA do you have Maybank MY account? you can send via Duitnow Overseas Transfer. have to do 2 transfers like Yluxion did as there's a RM3k daily limit. first you link your phone number to PayNow in OCBC app. can guarantee that it's also cheaper than Wise

user posted image user posted image

then you follow this step to transfer from MBB MY via DuitNow Overseas Transfer
*
Yo bro, can you help check if DuitNow Cross Border Transfer is available for CIMB MY? Been waiting for months already... they seem way slower than Maybank...

Thanks. smile.gif
SUSTOS
post May 25 2024, 09:55 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Medufsaid @ May 25 2024, 08:31 PM)
TOS how did you close your MBB sg acct? were you able to withdraw out all $$ and let it autoclose after 30 days?
*
I leave a long trail of posts behind in this forum. tongue.gif

https://forum.lowyat.net/index.php?showtopi...#entry107792515
SUSTOS
post Jun 5 2024, 12:54 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(CommodoreAmiga @ Jun 5 2024, 11:12 AM)
Can anyone with CIMB SG and MY account help me with this?

Can you withdraw SGD from CIMB SG account using CIMB MY debit card? My accounts are already linked and can see online.

I am going to SG tomorrow. 😅
*
I am coming back from SG tomorrow...

When will you arrive at Changi?
SUSTOS
post Jun 5 2024, 01:09 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(CommodoreAmiga @ Jun 5 2024, 01:06 PM)
I am not flying this round....i am driving with relatives. Lol.
*
Boleh boleh. Welcome to SG then. biggrin.gif
SUSTOS
post Jun 14 2024, 09:45 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
Tried transferring from CIMB SG to CIMB MY a moment ago. Mid-market rate is 3.49, my 100 SGD becomes 348.37 MYR in CIMB MY (rate given 3.4837).

So that's about an 18 basis points spread.
SUSTOS
post Jun 14 2024, 10:06 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(Medufsaid @ Jun 14 2024, 10:02 AM)
still better than wise

user posted image user posted image

midvalley rates not available yet https://cashchanger.co/malaysia/mc/max-mone...ey-megamall/520
*
Yup, CIMB SG -> MY fees as a % of mid-market rate is half of that of Wise (20 bp vs 40 bp).
SUSTOS
post Jun 16 2024, 11:42 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(kslim888 @ Jun 16 2024, 11:40 PM)
Hello guys! Just wanted to ask anyone who opened an Ar-Rihla Savings account in Maybank Singapore, did you all manage to download eStatement? It's been more than 1 month since I opened the account, so I believe Maybank Singapore should have a savings statement out.

But instead, I didn't receive any eStatement, and when go to Settings, it says "Your account is not eligible for eStatement"  So I'm confused, does Ar-Rihla Savings account there's no eStatement services? confused.gif

user posted image
*
I think all Maybank SG accounts don't have estatements. Last time I used Maybank iSavvy account also no estatement as well, have to use CIMB SG's statement for opening DBS account back then...
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

20 Pages « < 16 17 18 19 20 >Top
Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0311sec    0.40    7 queries    GZIP Disabled
Time is now: 12th December 2025 - 04:43 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.