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 Opening a Bank Account in Singapore

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Ramjade
post Sep 27 2021, 01:39 PM

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QUOTE(jack2 @ Sep 27 2021, 01:01 PM)
No. I have special deal with them.
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Care to share the deals you made with them? Or step by step which you take to open account with UOB?

QUOTE(SkyHermit @ Sep 27 2021, 01:16 PM)
Do you mean you can open UOB Singapore account without physically being in SG?
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Yes but he said need to made deals with them. So don't know deals he made. Wish he can share more.

This post has been edited by Ramjade: Sep 27 2021, 01:39 PM
cryzord
post Oct 6 2021, 12:06 AM

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If i am to purchase goods from Singapore, est. around 5-10 times/transactions per year, is it recommended to open a CIMB Singapore account or just use Wise for each transaction?

Thank you in advance.
Ramjade
post Oct 6 2021, 12:18 AM

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QUOTE(cryzord @ Oct 6 2021, 12:06 AM)
If i am to purchase goods from Singapore, est. around 5-10 times/transactions per year, is it recommended to open a CIMB Singapore account or just use Wise for each transaction?

Thank you in advance.
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Use Bigpay.
cryzord
post Oct 6 2021, 08:28 AM

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QUOTE(Ramjade @ Oct 6 2021, 12:18 AM)
Use Bigpay.
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Hi Ramjade, thanks for your reply. Is there any good recommendations besides Bigpay?
fireballs
post Oct 6 2021, 08:34 AM

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QUOTE(cryzord @ Oct 6 2021, 08:28 AM)
Hi Ramjade, thanks for your reply. Is there any good recommendations besides Bigpay?
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Probably can try merchantrade debit card?
It's a multi currency card

SUSTOS
post Oct 6 2021, 09:23 AM

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QUOTE(Ramjade @ Oct 6 2021, 12:18 AM)
Use Bigpay.
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Sunway Money not good? I just opened an account with them. Can transfer MYR to other currencies too like HKD. Rates very close to Instarem and Wise.
Ramjade
post Oct 6 2021, 09:30 AM

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QUOTE(cryzord @ Oct 6 2021, 08:28 AM)
Hi Ramjade, thanks for your reply. Is there any good recommendations besides Bigpay?
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For now bigpay. Coming soon mymy card/youtrip card. Don't know when launched. I don't think merchant trade is good.

QUOTE(TOS @ Oct 6 2021, 09:23 AM)
Sunway Money not good? I just opened an account with them. Can transfer MYR to other currencies too like HKD. Rates very close to Instarem and Wise.
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He/she wants to buy stuff. Not send money to sg. Sunway money is way better than instarem or wise in terms of rates and final foreign currency. I don't bother about inatarem anymore. They are now expensive. I dont know which one have best rates for hkd as I don't bother sending hkd.

This post has been edited by Ramjade: Oct 6 2021, 12:17 PM
CharmaineLee80
post Oct 6 2021, 11:55 AM

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Anyone open DBS POSB account successfully at SG branch ?

I read that foreigner (non working permit holder, sg student) can go physically to DBS POSB branch to open account. But some being rejected also.


Ramjade
post Oct 6 2021, 12:19 PM

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QUOTE(CharmaineLee80 @ Oct 6 2021, 11:55 AM)
Anyone open DBS POSB account successfully at SG branch ?

I read that foreigner (non working permit holder, sg student) can go physically to DBS POSB branch to open account. But some being rejected also.
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Me. But that was years ago when 1mbdb exploded. Which because of it made our life harder to open.

You can't open at branch. They will reject you. You need to go to their HQ at MBFC, and open an extra DBS Vickers account or else you will be denied opening a DBS/POSB account. That's their condition.

Very useful to store USD.

This post has been edited by Ramjade: Oct 6 2021, 12:21 PM
cryzord
post Oct 6 2021, 12:22 PM

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QUOTE(Ramjade @ Oct 6 2021, 09:30 AM)
For now bigpay. Coming soon mymy card/youtrip card. Don't know when launched. I don't think merchant trade is good.
He/she wants to buy stuff. Not send money to sg. Sunway money is way better than instarem or wise in terms of rates and final foreign currency. I don't bother about inatarem anymore. They are now expensive. I dont know which one have best rates for hkd as I don't bother sending hkd.
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Thanks for all feedbacks. Apologize i may not be clear at d first place. Basically i received the invoice from seller and need to transfer SGD to their company account in Spore, 1st transaction need to be done in this week, and there will be more to come. Hence instead of using concentional bank TT, looking for any other alternative way, appreciate your advice.
Ramjade
post Oct 6 2021, 12:24 PM

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QUOTE(cryzord @ Oct 6 2021, 12:22 PM)
Thanks for all feedbacks. Apologize i may not be clear at d first place. Basically i received the invoice from seller and need to transfer SGD to their company account in Spore, 1st transaction need to be done in this week, and there will be more to come. Hence instead of using concentional bank TT, looking for any other alternative way, appreciate your advice.
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If sending money, no brainer to use Sunway money. It's the cheapest.

This post has been edited by Ramjade: Oct 6 2021, 12:25 PM
cryzord
post Oct 6 2021, 12:28 PM

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QUOTE(Ramjade @ Oct 6 2021, 12:24 PM)
If sending money, no brainer to use Sunway money. It's the cheapest.
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Will give it a try, thanks alot
Ramjade
post Oct 6 2021, 12:29 PM

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QUOTE(cryzord @ Oct 6 2021, 12:28 PM)
Will give it a try, thanks alot
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I think Sunway money opening account may take more than a week.
LostAndFound
post Oct 6 2021, 12:35 PM

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QUOTE(Ramjade @ Oct 6 2021, 12:29 PM)
I think Sunway money opening account may take more than a week.
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And for most people need to physically visit a location for verification. Their auto KYC system like a bit fail one.
SUSTOS
post Oct 6 2021, 12:40 PM

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QUOTE(LostAndFound @ Oct 6 2021, 12:35 PM)
And for most people need to physically visit a location for verification. Their auto KYC system like a bit fail one.
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Now ok already. They updated the app 1-2 days ago. I tried it from HK, the e-KYC works well for me.

A few weeks to a month back the e-KYC was not available.
Ramjade
post Oct 6 2021, 12:56 PM

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QUOTE(LostAndFound @ Oct 6 2021, 12:35 PM)
And for most people need to physically visit a location for verification. Their auto KYC system like a bit fail one.
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I used their eKYC long long time ago. No issues from my side. No need visit physical location.
CharmaineLee80
post Oct 6 2021, 02:08 PM

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can we use Sunway money to fund TD Ameritrade?

I know DBS POSB no charge USD25 to deposit into TD Ameritrade account.
Ramjade
post Oct 6 2021, 02:30 PM

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QUOTE(CharmaineLee80 @ Oct 6 2021, 02:08 PM)
can we use Sunway money to fund TD Ameritrade?

I know DBS POSB no charge USD25 to deposit into TD Ameritrade account.
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You can try. I know that they only accept dbs/posb officially. I don't think can go through as its third party name. Not under your name. But I know they accept other sg banks. Only deposit takes longer like 3 days.

This post has been edited by Ramjade: Oct 6 2021, 02:30 PM
CharmaineLee80
post Oct 7 2021, 03:10 PM

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QUOTE(Ramjade @ Oct 6 2021, 02:30 PM)
You can try. I know that they only accept dbs/posb officially. I don't think can go through as its third party name. Not under your name. But I know they accept other sg banks. Only deposit takes longer like 3 days.
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Ramjade, for other SG bank (eg: CIMB SG account) does TD Ameritrade charge USD25 ?

This post has been edited by CharmaineLee80: Oct 7 2021, 03:10 PM
Ramjade
post Oct 7 2021, 04:02 PM

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QUOTE(CharmaineLee80 @ Oct 7 2021, 03:10 PM)
Ramjade, for other SG bank (eg: CIMB SG account) does TD Ameritrade charge USD25 ?
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Regardless of bank, TD will always charge USD25/withdrawal. There's no free withdrawal with TD.

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