Welcome Guest ( Log In | Register )

5 Pages < 1 2 3 4 5 >Bottom

Outline · [ Standard ] · Linear+

 Opening a Bank Account in Singapore

views
     
ShinG3e
post Feb 21 2017, 11:49 AM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(Ramjade @ Feb 21 2017, 10:51 AM)
Tax declaration was started by maybank SG this year. Had my stuff arrived in Dec, I don't need to sign tax declaration also.
*
dodge a bullet. biggrin.gif

QUOTE(TOMEI-R @ Feb 21 2017, 11:01 AM)
Starting from 2017 onwards, the Singapore government requires all foreigners who are opening an account in Singapore to provide their TIN (tax identification numbers) and sign a tax declaration form.
*
thanks for the clarification. thumbsup.gif

QUOTE(walkman660 @ Feb 21 2017, 11:40 AM)
cant blame the staff actually , maybe they also duno need sign the tax declaration form (as this just started 2017 onwards) , so have to wait 1 more month  blink.gif
*
just unlucky then the fact that there is a info update during application process. oh well.
ShinG3e
post Feb 21 2017, 12:00 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(TOMEI-R @ Feb 21 2017, 11:53 AM)
Woi... im wholesome Malaysian leh.  laugh.gif
Not really. If you need to open another account, even with Maybank, for example a new FD placement or a trading account, you will still need to furnish your TIN number. So there is no running away.  tongue.gif

When are you going to spend me Hooters?
*
i suci. blush.gif so kenot hooters.

if you're around KL, sure can nasi lemak 1 round. cool2.gif
ShinG3e
post Feb 27 2017, 11:17 AM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(kart @ Feb 26 2017, 10:00 PM)
I have some questions about online application of Maybank Kim Eng Trade Prefunded Account.
For online application (https://eforms.maybank-ke.com.sg/page-1.html), I shall select 'Stocks',

It will lead to this page https://eforms.maybank-ke.com.sg/page-2.html. Judging from your response, it is not really a full fledged online application form, whereby we can just fill up our particular details, and then upload the necessary documents to the website. For that, we still need to manually fill out application form and send the forms to them via post, right? It is a bit of hassle.  sad.gif 
Refer to this website (http://www.maybank-ke.com.sg/open-an-accou...listing/stocks/).
I have a CDP account, so I should not need to have my supporting documents certified by Commissioners for Oaths.  hmm.gif At most, I will send my CDP statement to Maybank Kim Eng by post.
*
yes kart you are right. the application must be done in a physical copy as they do not accept digital copy. if you plan to send via post, cheapest option would be city-link document post at RM14.90
ShinG3e
post Feb 28 2017, 04:59 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(CharmaineLee80 @ Feb 28 2017, 02:27 PM)
but they will ask why do saving in SGD. how to answer?
*
investment. no need to elaborate lol. and no need to answer. it's your P&C matters.
ShinG3e
post Mar 8 2017, 06:00 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013

MY acc to SG acc = (MY) RM10.60 + (SG) $10
SG acc to MY acc = (SG) $15 MY no charges for incoming TT.

above is the rate for MBB.

ShinG3e
post Mar 24 2017, 04:54 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
eh how come there is another thread about opening bank acc in singapore?


ShinG3e
post Apr 7 2017, 11:58 AM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(Hansel @ Apr 7 2017, 11:56 AM)
Bro is not helpful anymore,.... shakehead.gif

Better be less helpful to bro too in future,...
*
lol chillax... there is always other forummers to assist... be positive. biggrin.gif
ShinG3e
post Apr 7 2017, 12:04 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(TOMEI-R @ Apr 7 2017, 12:03 PM)
laugh.gif
Hi... when are we going to Hooters Clarke Quay? tongue.gif
*
but but but i iz no SG PR/citizen...

come KL. will be willing to treat a lunch/dinner in exchange for knowledge. from sifus. brows.gif
ShinG3e
post Apr 7 2017, 12:13 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(TOMEI-R @ Apr 7 2017, 12:06 PM)
Im also iz no SG PR/citizen... spend Rm also leh...
I think we need to make small gathering like that in Hooters Clarke Quay. For those who are intersted in "exhange of knowledge" lar. laugh.gif

Want knowledge must spend some money ma....
*
sure why not. loop me in! brows.gif
ShinG3e
post Apr 9 2017, 04:42 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(kart @ Apr 9 2017, 04:34 PM)
ShinG3e

If I remembered correctly, you sent your application form for your Maybank Kim Eng Trade Prefunded Account, via courier service to Singapore.

So, after your application for the trading account was approved, how many letters did you receive, so that you can gain online access to your Maybank Kim Eng trading account?

Thank you for your information. smile.gif
*
hello kart.

yes i did. the broker is kind enough to open for me prefunded and cash account.

and to be honest, i have lost track on how many letters i received. but mainly, userid 1 letter, password 1 letter., letter contain brochure of KE...

i think should be 3.

ShinG3e
post Apr 10 2017, 09:55 AM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(fairylord @ Apr 9 2017, 06:01 PM)
Hi Bro ShinG3e, mind to share why would you opened both Cash Account and Prefunded Account?

*
reason is simple. brokerage fee. cash account would be SGD25 (link to CDP)whereas pre would be SGD10 (link to nominee).

Personally, i think i will be using more of prefunded on the short term as it's cheaper to do so. Once i have the grip, i can transfer all to cash account/CDP (there is a fee) for long term use.

Besides, no maintenance fee for opening both.
ShinG3e
post Apr 10 2017, 11:31 AM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(kart @ Apr 9 2017, 04:51 PM)
Thanks for confirmation, ShinG3e.  thumbup.gif

So, no security token for Maybank Kim Eng Trade Prefunded Account and Cash Account, right?

Also, we do not get any SMS one-time password sent to our handphone, if we transact (buy or sell shares) on the Maybank KE online website (www.ketrade.com.sg), right?
*
lol i didnt notice u asking me till i scroll back page

yes no security token.

no need SMS one time etc...

Key in buy, key in units. key in price, key in password - done.




Attached thumbnail(s)
Attached Image
ShinG3e
post Apr 10 2017, 12:57 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(gark @ Apr 10 2017, 12:56 PM)
The android app is good, i dont login to the webpage anymore. All my MKE trading is done with the app.  laugh.gif
*
yea the app is pretty user friendly. but limited features of course.

convenient for simple buy and sell that's for sure. biggrin.gif

so far i am a happy MKE user.
ShinG3e
post Apr 10 2017, 10:40 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(kart @ Apr 10 2017, 10:17 PM)
Thanks for the confirmation, ShinG3enotworthy.gif So, Maybank KE transactions are not as stringent as using Maybank Singapore online website, whereby we need to use security token or SMS OTP to transfer fund in Maybank Singapore website. 

What is the meaning of "forced" in your screenshot?
*
i guess it's forced trade. never tried it before lol

yes MBB SG is pretty tight, but it's okay if you see it from security point of view.

u can actually just do a normal login and check balance/statement etc... only when u want to do transaction only does the OTP is required. smile.gif
ShinG3e
post Aug 3 2017, 08:43 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(coolguy99 @ Jul 28 2017, 10:32 AM)
hi,

i have browsed through this topic and it seems like most people are recommending opening a maybank iSavvy account. My question is is there a PDF application form to download? i went to maybank SG site and the only option was to fill up the online form.

since i will be heading to SG sometime in August. I guess i will head to a local branch to try my luck. May I also know what are the documents that are needed?
*
here you go: http://www.maybank2u.com.my/WebBank/iSAVvyMyForm_031011.pdf

apply and submit at MY bank. if you bring over to SG, they will ask for work permit.

QUOTE(kart @ Aug 3 2017, 07:10 PM)
ShinG3e

For Maybank KE Trade Prefunded Account, what is the best and fastest way to transfer money from a Singapore saving account to the Prefunded Account? i do it using barter trade with a business owner in SG but resides in MY. The rates are following xe.com which is cheaper than bank transfer and money exchange house.  rclxms.gif

From Maybank Singapore online banking website, I used Payment > Electronic Payment for Shares (EPS) > Lump Sum Payment. If I transfer fund via EPS before 8 pm today, my trading limit will be updated only tomorow. As such, I can only buy share, tomorrow.
It is consistent wth what is stated in the FAQ website - settlement (http://www.maybank-ke.com.sg/contact-us/faqs/ke-trade/).

Is there a way to transfer fund from a Singapore saving account, and then the trading limit will be updated within an hour or so? Thus, we will have more chances to buy the share at a lower price. i'm not sure about this thou.

Thanks for the advice.  rclxms.gif

____

On a side note, I made a siliy mistake, when I first tried to buy share on Maybank KE trade website.  sweat.gif  My Maybank KE Trade Prefunded account is linked to my Maybank iSavvy saving account, via Electronic Payment for Shares (EPS).

I wrongly thought that when I clicked 'buy on Maybank KE trade website, the fund would automaticaly be deducted from my saving account, via EPS. For sure, the share purchase was rejected, due to zero trading limit of my trading account. Yes, it is a silly mistake, but it is a lesson well learnt.  tongue.gif
*
i use prefunded acc to buy/sell. and yea you need to wait 1 day before the deposit is being reflected into your trading acc. better to park some money inside in advance rather than deposit only when you want to catch some shares.

also, any dividend receives will be going back directly to your prefunded acc. not your MBB SG acc. cause you bought your shares using prefunded. so the div goes back to prefunded acc. only bad thing is that they won't have live statement. but remisier told me that its coming dec 2017. thumbup.gif
ShinG3e
post Aug 3 2017, 11:20 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(kart @ Aug 3 2017, 11:13 PM)
Alright, you also use EPS.  smile.gif 

Your method is better, as it avoids the delay of fund transfer. 0.3 to 0.4 % interest is given for the unused fund in the prefunded account, higher than 0.1875% in iSavvy saving account.
Yeap, same as what is stated here.
yup. pretty simple reason to do so. and just leave SGD500 in MBB SG is fine.
[attachmentid=9015104]

Sigh, for Maybank KE trade prefunded account now, we do not have eStatement that state the transactions and the breakdown of the associated fees. Other than the source of the fund, there should not be any difference in Maybank KE trade (cash) account and Maybank KE trade prefunded account.

Do you get your Contract Notes, via e-mail or post?
*
contract notes via post. lol. i've been telling them that even MY brokerage firms all been offering e-statement for dunno how long. but they are still old school. please bear with them since the feature is coming end of 2017. so okay la. biggrin.gif

did your remisier send u daily updates/news?
ShinG3e
post Aug 4 2017, 10:25 AM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(kart @ Aug 3 2017, 11:29 PM)
No, my remisier did not notify me anything. Then again, I am just a small-time customer.  sweat.gif Thus, I can't blame him, since he puts his attention on his more significant customers. smile.gif

Other than contract notes, what else did you receive by post, after completing buy and sell transactions? Such as monthly hardcopy statement?
*
yup. monthly statement. any announcement of whatsoever the remisier will PM me directly.

QUOTE(apathen @ Aug 4 2017, 02:55 AM)
can we park the money at prefunded acct, then when use cash acct to buy share we have options to ask them to deduct from cash in prefunded acct or EPS or FAST transfer?
*
urm never tried that before. hmm.gif if you are interested i can help you ask and get back to you.

QUOTE(TSOM @ Aug 4 2017, 10:22 AM)
with this, we can open an account in Singapore without being in Singapore?? rclxub.gif

wah.... nice!! Was planning a trip to SG soon.
*
please do it asap. brows.gif
ShinG3e
post Aug 4 2017, 10:41 AM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(TSOM @ Aug 4 2017, 10:31 AM)
will do!! First have to observe when SGD becomes the lowest .... tongue.gif
*
open first deposit later.

QUOTE(coolguy99 @ Aug 4 2017, 10:37 AM)
"Initial deposit in the form of a SGD Demand Draft made out in your name, and is obtainable from any of our 40 listed Maybank Malaysia Branches"

can i ask what this means?
*
means that you can make a SGD demand draft from the counter itself where u want to apply for the SG MBB acc. one of the open application requirement is to submit a SGD demand draft, which is obtainable in the listed 40 maybank branches.
ShinG3e
post Aug 7 2017, 01:02 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(timo1003 @ Aug 7 2017, 12:57 PM)
Hi. Thanks for the suggestion. Is there any additional requirement to open the iSavvy account in Malaysia
I was informed by one staff that in order to be able to open the isavvy account, must be Premier customer / deposit of 250k fixed deposit. Is this accurate?
*
nope. no such criteria such as above. hmm.gif

unless the T&C changed.
ShinG3e
post Aug 7 2017, 02:12 PM

o0o
******
Senior Member
1,552 posts

Joined: Feb 2013
QUOTE(timo1003 @ Aug 7 2017, 01:14 PM)
Appreciate your swift response! smile.gif so the criteria are just as per the form? Ie existing Maybank customer, minimum deposit of $500? + of course form and ic?

Edit: just an update, unfortunately that's the 'additional' criteria now, at least where I'm from  (I'm from sabah). Just been to the two branches stated in the form. Both of them 'state' the same prerequisite. Spoke to the RM at one of the branches too. Not sure if entirely true since some of you have managed to open them without any hassle.
*
oh never knew they changed the criteria. i opened mine in west msia KL. never been asked about the additional criteria before... maybe since my application till now, they are making it harder? hmm.gif

5 Pages < 1 2 3 4 5 >Top
 

Change to:
| Lo-Fi Version
0.0280sec    0.40    7 queries    GZIP Disabled
Time is now: 7th December 2025 - 01:43 AM