Back to normal now. I made an online transfer from dbs to my scb account no problem.

Guys, I noticed there's this RM3k daily transfer limit in CIMB (Sgd>RM) when it wasn't there the last time I checked. Is this a default that can be changed? I'm not able to change it via App and I can't check using desktop browser due to password issue.

You can increase your limit.

Thank you for your answer. I thought it's something to do with AMLA as I did not set this limit (and it wasn't there the last time I tried this service).

Does this still work for now? When did you use this method to open account successfully?

2 years ago I went to their branch and they said need SGD300k investment to open DBS account. Several banks also told me similar requirement.

Almost 5 years ago. That's their standard reply. I went to another sg bank on the same day and got same reply as you. But it was not DBS. But if you never try, you never know. I went there with no hope of opening and just to try my luck and who knows it works.

Hi, dear all, i m newbie in investment line, I'd like to know why most of u recommend CIMB singapore account rather than Maybank Singapore account?

Maybank Singapore account come with debit ATM card, is it? More convenient if v can withdraw money from singapore ATM, is it?

Just want to find out more info (pro and cons) of CIMB and Maybank singapore account.

Thanks

Maybank must leave 500 SGD (IIRC) inside to avoid being charged monthly fee in SGD. CIMB don't need.

If you travel often enough to SG to want to withdraw money from singapore ATM, then you should have access to other banks and not only limited to maybank and cimb (which are discussed here because you can open their accounts without being physically present).

Maybank sg-> my lousy rates.
Maybank have to lock up min sgd500. If your value drop, you pay penalty sgd2.00/month.

You don't need sg ATM or their card. Just apply for bigpay and spend in Singapore.

This post has been edited by Ramjade: Dec 2 2021, 09:53 AM

Hi guys, I've just set up CIMB SG Fastsaver account. I was looking to make a transfer from the Fastsaver account to another bank account in SG, but it looks like all I could do was to transfer funds between my own CIMB accs. How do I go about doing this? Thanks

You can use FAST to transfer funds from CIMB SG to say, Maybank SG. (It's under "To other banks" list)

Replying from this thread since I have a question on DBS SG.

Not sure about your story with him, why did you recommend to close DBS SG account? I think having a facility to receive USD in SG is not a bad idea for emergency purposes right?

Or did I miss out anything?

while waiting for his response,...
if i am not mistaken,...previously someone mentioned that or something like this...,..they have this fall below fees (if monthly balance less than xxx, than $$ will be deducted....)
thus i guess, that maybe part of the reason

He is being sarcastic. Period. Cause I say bad but true stuff about sg banks and their market so in Chinese he "bo-song" (not happy) for those who don't understand Chinese.

Don't worry. You missed nothing..Let's see if what I said is true about him "bo-song".

Anyway some stuff I said which stuck a nerve with him to bring you up to date
- no fingerprint authorisation withdrawal. Very weird for financial center to not have fingerprint authorisation but depend on signature. Even Malaysia have fingerprint for withdrawal. Come in la
- unable to move USD freely like HK banks. I know HK banks can move money digitally like FAST transfer but no such options exist in sg exist except via cheque/echeque/local TT between local bank account. I even specifically ask customer service is there anyway to move USD using service like FAST, they told me no.
- expensive local sg bank based brokerage for overseas stocks
- lousy market. This you know already.

Keep in mind this is from a regular joe and not from a priority/private banking point if view.

I think that is all. That's why don't know why he' is sensitive when I just state truth. Maybe like people said the truth hurts.
I welcome him to debate the above points especially about the banks (first and 2nd point)

Why should I close an account that does not have any fees and have a very good multicurrency account (not wise level, but still better than Malaysian bank account). I don't invest in sg market anymore does not mean I need to close their account.

This post has been edited by Ramjade: Dec 8 2021, 08:09 PM

CIMB sg close his account I think.

Please do a search before comment me.

Not really. My friend received money from her freelancer programming job and the bank warned her can't use personal account to receive business job.

harlo this is not business. Just one transaction rec'd and they queried it after two months and the purpose of incoming one func.

He's right ! I was being sarcastic abt him....

Since he spoke so badly abt SG and the investments there, why kept his account opened, right ?

Then he'll twist and turn again to justify his holding-on to his acct,... and subsequently,... talk bad abt SG again,....

Not interested in your stuff enough to do a search. I just commented out of curiosity. You dont have to reply.

If cannot use money to receive salary then rather pointless.