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Opening a Bank Account in Singapore
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Ramjade
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Jul 13 2021, 02:33 PM
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QUOTE(xiaobaiwm @ Jul 13 2021, 02:07 PM) guys, should I deposit 1k SGD to enable CIMB SG to call me or just transfer SGD3 can already? I did transfer SGD3 yesterday night but until now no call yet Use CIMB my and transfer SGD1.00 into it. Then use bigpay to transfer SGD999 into it. That's it. Then wait. I don't believed there will be a call
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GSCboy
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Jul 13 2021, 02:50 PM
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Anyone received letter from CIMB sg that they are closing accounts based on clause 16.1 ?
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!@#$%^
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Jul 13 2021, 02:54 PM
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QUOTE(GSCboy @ Jul 13 2021, 02:50 PM) Anyone received letter from CIMB sg that they are closing accounts based on clause 16.1 ? what is clause 16.1?
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chaxiupao
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Jul 13 2021, 02:54 PM
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QUOTE(!@#$%^ @ Jul 13 2021, 02:54 PM) The Bank may, without disclosing any reason, terminate the Account upon fourteen (14) days (or such period as the Bank may determine) prior written notice given to the Customer.
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chaxiupao
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Jul 13 2021, 02:55 PM
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QUOTE(GSCboy @ Jul 13 2021, 02:50 PM) Anyone received letter from CIMB sg that they are closing accounts based on clause 16.1 ? gg, what have you done to your account?
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!@#$%^
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Jul 13 2021, 02:55 PM
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QUOTE(xiaobaiwm @ Jul 13 2021, 02:54 PM) The Bank may, without disclosing any reason, terminate the Account upon fourteen (14) days (or such period as the Bank may determine) prior written notice given to the Customer. owh havent gotten any letters yet
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GSCboy
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Jul 13 2021, 03:04 PM
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Not quite sure what happen. called them but they didnt disclose. I guess something to with me depositing and withdrawing huge amount.
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chaxiupao
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Jul 13 2021, 03:07 PM
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QUOTE(GSCboy @ Jul 13 2021, 03:04 PM) Not quite sure what happen. called them but they didnt disclose. I guess something to with me depositing and withdrawing huge amount. how much did you deposit and withdraw (huge amount)? in a day or week?
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GSCboy
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Jul 13 2021, 03:25 PM
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QUOTE(xiaobaiwm @ Jul 13 2021, 03:07 PM) how much did you deposit and withdraw (huge amount)? in a day or week? i think maybe on May, total I deposited was slightly more than 7 figures ? moved abit into crypto and rest of it into tiger
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thecurious
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Jul 13 2021, 04:04 PM
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QUOTE(GSCboy @ Jul 13 2021, 03:25 PM) i think maybe on May, total I deposited was slightly more than 7 figures ? moved abit into crypto and rest of it into tiger Guess they don't like crypto...
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chaxiupao
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Jul 13 2021, 04:17 PM
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QUOTE(GSCboy @ Jul 13 2021, 03:25 PM) i think maybe on May, total I deposited was slightly more than 7 figures ? moved abit into crypto and rest of it into tiger wow 7 figures.. probably too much money and also sensitive on crypto (possibly money laundering)
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!@#$%^
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Jul 13 2021, 04:27 PM
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QUOTE(GSCboy @ Jul 13 2021, 03:04 PM) Not quite sure what happen. called them but they didnt disclose. I guess something to with me depositing and withdrawing huge amount. QUOTE(GSCboy @ Jul 13 2021, 03:25 PM) i think maybe on May, total I deposited was slightly more than 7 figures ? moved abit into crypto and rest of it into tiger QUOTE(xiaobaiwm @ Jul 13 2021, 04:17 PM) wow 7 figures.. probably too much money and also sensitive on crypto (possibly money laundering) lol u should have known better
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GSCboy
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Jul 13 2021, 04:41 PM
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QUOTE(!@#$%^ @ Jul 13 2021, 04:27 PM) lol u should have known better i dont know thou, not like those are illegal money, i just didnt want my assets to be in ringgit, rather to move it to tiger brokers for stocks, crypto was just probably less than 100k ringgit
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chaxiupao
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Jul 13 2021, 04:47 PM
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QUOTE(GSCboy @ Jul 13 2021, 04:41 PM) i dont know thou, not like those are illegal money, i just didnt want my assets to be in ringgit, rather to move it to tiger brokers for stocks, crypto was just probably less than 100k ringgit wow, this guy is next level
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propertyfeature
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Jul 13 2021, 07:46 PM
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Getting Started

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QUOTE(GSCboy @ Jul 13 2021, 04:41 PM) i dont know thou, not like those are illegal money, i just didnt want my assets to be in ringgit, rather to move it to tiger brokers for stocks, crypto was just probably less than 100k ringgit Looks like you made huge profit Just curious, how come you pick Tiger brokers over Interactive Brokers?
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GSCboy
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Jul 13 2021, 09:03 PM
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QUOTE(propertyfeature @ Jul 13 2021, 07:46 PM) Looks like you made huge profit Just curious, how come you pick Tiger brokers over Interactive Brokers? this might sound stupid but yeah for the free Amazon shares if u deposit 300,000 sgd and also they approve my account in like 6 hours.
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markedestiny
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Jul 13 2021, 10:58 PM
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QUOTE(Ramjade @ Jul 13 2021, 10:58 AM) Not if you know what you are doing. Don't be greedy. Pocket small change (USD10-20/week x4-5) and never underestimate small change. Overtime small change build up. I am still conservative in investing. Options definitely pay more than dividends and I am not going back to Dividend investing. I always for making money work more efficiently for me. Wow, it's been sometime since I was last active and now you no longer believed in dividend investing ? Why the sudden change because you are quite set in your ways 😜
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Ramjade
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Jul 14 2021, 12:44 AM
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QUOTE(markedestiny @ Jul 13 2021, 10:58 PM) Wow, it's been sometime since I was last active and now you no longer believed in dividend investing ? Why the sudden change because you are quite set in your ways 😜 I found a more efficient DIY dividend machine rather than old traditional dividend investing. It's still a kind of dividend investing but upgraded version. This post has been edited by Ramjade: Jul 14 2021, 12:49 AM
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LostAndFound
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Jul 14 2021, 09:12 AM
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QUOTE(Ramjade @ Jul 14 2021, 12:44 AM) I found a more efficient DIY dividend machine rather than old traditional dividend investing. It's still a kind of dividend investing but upgraded version. I found your summary last page insightful, but I don't think I've seen you post about your options strategy anywhere so far? Could you point me to anywhere here in LYN where you talk about your strategy?
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Ramjade
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Jul 14 2021, 09:15 AM
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QUOTE(LostAndFound @ Jul 14 2021, 09:12 AM) I found your summary last page insightful, but I don't think I've seen you post about your options strategy anywhere so far? Could you point me to anywhere here in LYN where you talk about your strategy? There's none. I found out and learned it myself on YouTube. The closes is us stocks thread. But those people inside there are short term and take profits. I never take profit. I let my winner run.
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