sgd3k. wow, that s a lot to be parked in a savings acc. better open with Sg SC. 1k in savings. 2k u put in Sg reits with interest {dividend}

btw, what savings acc do they ask u to open ? let me knw coz I m going to visit them next mth.

This post has been edited by prince_mk: Nov 19 2016, 01:28 PM

if I open dbs Vickers trading acc, wonder would they let me open a savings acc with dbs / posb bank without Employment permit / PR ? anyone have experience kindly share here.

Hansel
Thank you for your advice. I shall open a Maybank Singapore saving account, as you recommended.

Yes, I agree with you that opening too many saving accounts in Singapore is a hassle and troublesome to maintain. But, as Hansel mentioned, fund transfer between Maybank Malaysia and Maybank Singapore saving account is the second cheapest method, after DBS Remit. In this case, the benefit outweighs the inconvenience.

Just to confirm, you are suggesting Maybank iSAVvy Savings Account, not iSAVvy Savings Plus Account, right?

Is it possible that at the time of saving account opening at selected Maybank Malaysia branch, I choose not to buy a SGD 500 bank draft? Once I have the account number for Maybank Singapore iSAVvy Savings Account, I will transfer SGD 500 from my POSB saving account, via FAST.

It should be possible, right? In the iSAVvy form you gave, it is stated:"Please place a deposit within 30 days from the date of account opening.". So, Maybank Singapore should allow the zero account balance within 30 days from the date of account opening.

This post has been edited by kart: Nov 19 2016, 03:14 PM

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.

or u transfer from MY MBB to Sg MBB. then should be RM10 only.

i opened a mbb isavvy account in spore, through maybank msia, way back in 2009, soon after they started to allow remote opening of account...took a while, don't remember needing to buy a bank draft to open....once open, i initially send a bank draft to the branch for transfer, but later i did maybank2u tt.....

i have a mc debit card, and maybank2u spore access...and a security token for sensitive transactions....

This post has been edited by limeuu: Nov 19 2016, 06:55 PM

yes isavvy savings account not plus. just to get started.

yes that is correct. 30 days to transfer minimum SGD500 to the account. the bank draft that I've created is because I have no prior account in SG. of course it's cheaper to transfer from one SG bank to another.

the only issue is the date of account opening. my bank teller mentioned that if the application is done at MY, it will take around 3-4 weeks for the letter to reach your home address so you'll need to keep an eye on it. not to mention you would also need to factor in the application date approval + the delivery of letter to your doorstep. example: might take 7 days to reach u hence left 21 more days only to do the deposit.

This post has been edited by ShinG3e: Nov 20 2016, 11:14 AM

About this Maybank iSavvy account, once created can i transfer money from MBB Malaysia to MBB Sg monthly online? Or do i need to go to the bank to make the transfers? I am planning to make a savings account actually at Sg.

Checked with most banks in Singapore and all their Customer Service Reps mentioned that you will need a valid working permit/ student visa at least to open an account there.

ah talking about brokerage fee... MBB SG recently emailed me offering 2 type of account brokerage

KE Trade (Cash) Account
- A trading limit will be given for you to buy the shares first. Settlement to be done later.
- Shares are held in The Central Depositary (CDP)
- Commission rates are 0.275%, minimum of SGD25

KE Trade Prefunded Account
- You need to transfer funds into your account first. Funds that you leave in your trust balance earns an interest rate of 0.32%
- Shares are held with Maybank Kim Eng in a segregated sub-account
- Commission rates are 0.18%, minimum of SGD10

Can compare with SC's SGD10 brokerage?

The second one is damn good

This post has been edited by Ramjade: Nov 20 2016, 07:21 PM

for more info, click here. http://www.maybank-ke.com.sg/pricing/pricing-listing/stocks/

sent by the dealer.

thanks so much for this info.

the SGD 10 brokerage is good.

Well,... with all other things being equal, KE is even better than Stanchart because the comm rate is 0.18% compared to Stanchart's 0.20%. Don't know abt other aspects of KE Trade, don't use them,...

But yeah, if it is easier to open in KE, go ahead !

I checked the website - http://info.maybank2u.com.sg/personal/depo...gs-account.aspx

It's says foreigners must have passport and employment pass to open iSavvy savings account. Has anyone tried opening the account and is successful without EP?

this applies only if you apply at Maybank SG.

if you apply at Maybank MY then no need.

That's right. Apply via Maybank Malaysia. Hopefully the process is still there.

Mind to know can i open savings account in SIn here at Msia just through branch ?

ShinG3e

For Maybank iSAVvy Savings Account,

1. Can I register my Malaysian mobile phone number, for receiving Transaction Authorisation Code (TAC) via SMS, to be used in Maybank Singapore Online Banking website? I do not have a Singapore mobile phone number.

2. Once the saving account has been opened in Maybank Singapore, they will send Maybank Platinum Debit Card, and Security Token to our residential address in Malaysia, say after around 2 weeks later, right? Hopefully, upon receipt of the card via mail, I can activate the debit card in Maybank Singapore Online Banking website, without using a Maybank ATM.

3. As long as my balance in the saving account is more than S$ 500, there should not be any other fee incurred to the account, right?

4. Is it possible to select a specific branch to be our home branch? For example, I want Maybank Bedok branch to be my home branch in Singapore.

Thank you very much for your information.

This post has been edited by kart: Nov 25 2016, 07:33 AM

no. 4 - that one i'm not sure to be honest. i can't give you an answer for that i'm afraid...

This post has been edited by ShinG3e: Nov 25 2016, 12:21 PM

1. Yes, can use msian no...

2. Last time must activate on a spore ATM....not sure now...token no need activation...

3. Last time no fees but check current conditions...

4. They defaulted me to their main branch downtown at battery Rd...don't think there was an option to choose a specific branch...