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 Opening a Bank Account in Singapore

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tadashi987
post Jul 2 2021, 11:36 PM

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QUOTE(Jdite @ Jul 1 2021, 08:14 PM)
Hi, for Maybank Singapore, do we need to apply to use the FAST transfer?
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if not mistaken it is just like our instant transfer, no need apply for it
tadashi987
post Jul 20 2021, 09:24 PM

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QUOTE(Ramjade @ Jul 20 2021, 02:09 AM)
The etf I will ever buy is arkk and arkw. I won't bother with any etf.
My stocks and your stocks will differ in value cause I buy all the super growth stocks. All not making money but burning money one. Year in year negative profit.

So still want to follow me?

Only do covered call on stocks you want to hold long term. Don't do on stocks which you don't have hodling power as you will panic well. My stock can drop 60% in a month.
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i not dare just put on ARK etf thou, because I am ETF heavy allocated.

having the perspective that ARKW/ARKK is a bit too sector+US region heavy on tech, so I diversified a bit to other ETF e.g. IBUY, OGIG, or even PTH to balance up the sector allocation a bit.
tadashi987
post Jul 30 2021, 11:31 PM

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QUOTE(lightonokira @ Jul 30 2021, 11:25 PM)
Can someone entertain me, why would I want to open an SG maybank account?
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access to more investment opportunities, e.g. SG REITs, Singapore stocks through brokerage e.g. FSM SG
US and foreign stocks and ETF investment opportunities, through brokerage IBKR, Tradestation global, Futu, Tiger etc.

tadashi987
post Jul 31 2021, 05:21 AM

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QUOTE(lightonokira @ Jul 31 2021, 01:13 AM)
Do I get taxed locally or in SG with an SG bank account?
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no
tadashi987
post Aug 1 2021, 11:11 AM

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QUOTE(cklimm @ Jul 31 2021, 07:35 PM)
No, dont open, the capital outflow to SG has weakened Ringgit too much. Just stay.
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is this an irony hmm.gif
tadashi987
post Aug 2 2021, 07:38 PM

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QUOTE(yklooi @ Aug 2 2021, 06:09 PM)
YES now no more SG A/c
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oh why, investing in MY only? ohmy.gif
tadashi987
post Aug 3 2021, 02:54 PM

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QUOTE(MUM @ Aug 3 2021, 11:27 AM)
just wondering,...is it the SAME for this 2 Malaysians in Malaysia?

Malaysian "A", invest in Malaysia,...investing in Stashaway Msia, buy unit trusts that are mandated out of Malaysia from FSM MY, buying overseas ETFs and etc etc

Malaysian "B", invest by channeling money to (for example) Singapore to invest. (Open bank and investment a/c in Spore). Then invest in Stashaway Spore, buy unit trusts that are not mandated to have Malaysia's stocks in its holdings thru the use of FSM SG, buying ETFs and etc etc

just forget about the cost of investment for this discussion,....
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in fact, they are theoretically the same, it is just that having an SG account gives you more opportunity to vast investment products with lower cost.

but this is a comparison on constant investment movement without selling etc, anyhow you cant run away from parking your idle funds, so parking your idle fund in SGD or MYR are gonna affect your ROI anyhow.

This post has been edited by tadashi987: Aug 3 2021, 02:58 PM
tadashi987
post Aug 29 2021, 12:18 AM

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QUOTE(Koranshita @ Aug 28 2021, 12:41 PM)
Got my code and registeed sg cimbclick. Now I know why so many ppl shock at it 🤣
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because of the 10 years ago alike interface?
tadashi987
post Aug 30 2021, 05:22 PM

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Good news, finally CIMB SG APP comes with Face ID and PayNow function
tadashi987
post Sep 12 2021, 11:36 PM

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QUOTE(Ramjade @ Sep 12 2021, 02:29 AM)
Forget about investing in sg market. You want slow growth, low risk, go buy apple, microsoft, Costco, Lockheed Martin and home depot in us market.

If you die die must buy sg stocks, mapletree commercial trust, mapletree logistics trust, frasers logistics trust, elite commercial trust.
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what's Ramjade view on VISA/MASTER? biggrin.gif
tadashi987
post Sep 17 2021, 01:03 PM

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QUOTE(polarzbearz @ Sep 17 2021, 12:29 PM)
I only did a quick check once after I linked mine - that time it was almost the same (few RM difference) but I've seen many saying that their rate sometimes beat Wise's (SGD ---> MYR), which makes sense also considering that CIMB's targeting Malaysian abroad (in SG).
No annual fees - but if you're going to SG, for your permanent account, maybe Maybank SG will make more sense. Their ATM presence at least is islandwide (vs. CIMB SG with only like 2 or 3 branches sweat.gif)

But for temporary, it's ok since they don't have annual fee or minimum balance. Easy to open also (fully online + can use Wise/BigPay/Fintech to do the initial 1K SGD deposit)
Windows XP style is already complementing them tongue.gif The whole website looks like the dotcom era in the 90's  puke.gif oh well at least it's functional...
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one more important points is when withdrawing from brokerage like IBKR, i think Maybank SG charge inward remittance fee, AFAIK CIMB SG doesn't charge that
tadashi987
post Nov 1 2021, 05:03 PM

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QUOTE(TOS @ Nov 1 2021, 04:34 PM)
I think it is some sort of internal transfer. You can initiate the transfer under the CIMB Malaysia Transfer option in the menu of the CIMB Clicks SG page. 

user posted image

https://www.cimb.com.sg/en/personal/promoti...sting-customers
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is that ur screenshot? banyak duit there whistling.gif
tadashi987
post Nov 1 2021, 05:15 PM

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QUOTE(TOS @ Nov 1 2021, 05:12 PM)
4 digit SGD in CIMB SG. 3 digits in CIMB MY. That is a lot to you? biggrin.gif

35k SGD is limit (notice the word "up to", I didn't change the default setting.)
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Ah okay i thought thats ur bank balance so sent in reminder, I remember mine not that much
tadashi987
post Nov 19 2021, 01:31 PM

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QUOTE(Koranshita @ Nov 19 2021, 12:51 PM)
Didn't they say sg cimb from Malaysia no interest?
I just checked mine. Got interest le
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who said that, there is no SG CIMB from Malaysia
don't think there is SG CIMB SG per se or Malaysia version

it is FastSaver account and it comes with 1%pa interest
tadashi987
post Jan 15 2022, 12:56 AM

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QUOTE(Evolving Skies @ Jan 9 2022, 04:18 PM)
Can open account at their KL office at Menara Keck Seng?  hmm.gif
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dont think so, but u can give it a shot and let us know if otherwise tongue.gif
tadashi987
post Jan 28 2022, 02:07 PM

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Maybank Singapore Introduces New Service, Enables Malaysian Customers To Open SGD Savings Account
tadashi987
post Mar 9 2022, 02:38 AM

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QUOTE(godzillapunks @ Mar 8 2022, 05:38 PM)
Is it easy for non working Malaysian to open DBS bank account in Singapore now?
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kindly read Post #3943
tadashi987
post May 12 2022, 03:36 PM

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QUOTE(sunami @ May 12 2022, 11:44 AM)
Hi guys...
i just open a cimb sg account....
i was trying to make a transfer from my cimb MY to sg account..
but the purpose of transfer there is not option for savings?
any idea which to select?

thanks
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you were trying to do eKYC activating ur account with their first transfer, or you have activated but merely transfer for the sake of savings?
if it's the latter, don't use CIMB MY to transfer CIMB SG, the rate is bad
tadashi987
post May 12 2022, 03:59 PM

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QUOTE(sunami @ May 12 2022, 03:44 PM)
is the first transfer..but i've linked to my local cimb account...
any advise which to use to transfer sgd 1000?
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oh if that's the case, i think u can put the reason as "investment", you are hedging on SGD which is a form of investment i would say? tongue.gif
the reason doesn't really matter much

FYI last time there were forummers transferec $1 from CIMB MY to CIMB SG, remaining $999 they use remittances like BigPay/Wise etc,
I am not in the position to advise if it still works thou, I personally didn't use that approach

if u want to know more can search 999 in this forum thread
tadashi987
post Jul 6 2022, 05:20 AM

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QUOTE(TrustULoveU @ Jul 5 2022, 05:01 PM)
still can open singapore account now even if i dont stay there now?
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why not, just give it a shot on CIMB FastSaver Acc

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