Thanks for the info.

CIMB seem convenient as we can open online provided we have CIMB MY already.

Just found out about this "S$ iSAVvy Savings Account".
Will download and fill up the form and go to the selected branches to apply
Edited :
Regarding the "S$ iSAVvy Savings Account",
it is still the same Maybank card we use in Malaysia right?
We log in to our Maybank app, normally got basic account, and then M2u savers, and now I will have a 3rd account called "S$ iSAVvy Savings Account". And I can just move the money, say from M2U saver to this "S$ iSAVvy Savings Account" through the Maybank app?

Since I have to deposit SGD $500 within 30 days from the date of account opening.. I assume I can just say, transfer RM1600 from M2u savers to that Savvy account

$1000 is correct. but some people want to bypass.
Bigpay to SG bank instant.

Hey guys..I just open up Singapore account via cimb.

So the next question is. Which platform to use to use convert the rm to sg dollar as we know bank exchange rate is higher.

Ppl advise to use wise
But wanna see if have other options as well

Pay SGD1.00 via CIMB for eYC. After that use fintech to transfer to remaining SGD999.

Recommended ones are bIgpay, transferwise, sunway money.

I have done the another way.
I have bank in 1k Sd already to get it activated
It did show up my name and so on

But my cimb Malaysia still yet to appear my Singapore account. Already click link and submit. Need a few days.
Then only I do the small amount transfer via cimb

Is it ok? I ask my Fren help on this as he is Singapore.

If I got rejected the money should be sent back to the original owner right?

Once your account is linked in the cimbclicks, you should be able to view your sg account.
how did ur friend help you? you mean you asked your friend to transfer 1k to your account?

I have done the another way.
I have bank in 1k Sd already to get it activated
It did show up my name and so on

But my cimb Malaysia still yet to appear my Singapore account. Already click link and submit. Need a few days.
Then only I do the small amount transfer via cimb

Is it ok? I ask my Fren help on this as he is Singapore.

If I got rejected the money should be sent back to the original owner right?

Yup yup.. he did.. we save the exchange rate..I help him buy something from Malaysia. Win win

So either way will do right. Pay 1k first or link account first.

I guess it's fine(?). Never come across that, I only transacted using instarem/wise. And using fintech also considered as third party transaction. But as Ramjade mentioned, you will need to perform at least $1 transaction from CIMB MY to CIMB SG once account is linked. It is for e-kyc purposes - to verify your identity.

Yup yup.. he did.. we save the exchange rate..I help him buy something from Malaysia. Win win

So either way will do right. Pay 1k first or link account first.

usually how long the fund will reached singapore bank if transfer via sunway money?

so I managed to activate a Maybank SG account from all the advise here. PIN letter took a long time to come and even had to request a new one as the 1st had expired by the time I received it.

Does anyone mind sharing what they use their $$ for in terms of wealth generation in SG ?

I feel like I did this backwards as most here seem to already have a purpose for their SG account. 

usually how long the fund will reached singapore bank if transfer via sunway money?

If same day before 3pm, usually within few hours. If after 3pm not guaranteed the money will go in the same day itself. Usually next day.


You want instant, use Transferwise. Usually takes 30 minutes for the money to arrived.

Less than 6 business hours. If send on a nonbusiness day, wait for next business hour.

I used to invest in sg market to generate extra SGD but that thing now is a thing of the past as sg market does not have good quality companies.

You can use sgd to buy unit trust from sg as they are zero percent service fee unlike in Malaysia. They have better quality and selection of unit trust Vs what is available in Malaysia.

Nowadays I use sgd as a transit currency before I convert into USD and invest in US market.

not working in SG, and likely won't be bringing my measly sum back to MY. In my case, would any tax be applicable if gains are made in SG Unit Trust or US Stocks ?

alekos see this. Ark is superior to s&p500 if one were to invest from 2015->2021
https://www.portfoliovisualizer.com/backtes...analysisResults

Key in spy asset 1 100%, arkk asset 2 100% and arkw asset 3 100% duration 2015 to 2021