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 Opening a Bank Account in Singapore

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Ramjade
post May 30 2022, 06:03 PM

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QUOTE(sben525 @ May 25 2022, 09:01 AM)
work in malaysia, if open cimb SG account
1. any charges per year?
2. will receive SG ATM card?
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1. No charge.
2. No card. Need to pay for it.

QUOTE(ky33li @ May 25 2022, 01:25 PM)
today sunway money rate is already 3.21 =(
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That's why just transfer whenever you have money. To lower the cost, I only transfer once have rm5k above.

QUOTE(IanMok @ May 30 2022, 05:19 PM)
Hi Ramjade, may i know which DBS branch u went to apply for this ? Thank you so much
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DBs marina bay financial center. Their HQ. You need to apply for DBs Vickers as well. If you don't apply DBs Vickers you cannot open account. But that was years ago.

sidefulnes
post May 30 2022, 06:31 PM

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QUOTE(sidefulnes @ Mar 15 2022, 11:07 AM)
Submitted my application to Maybank and documents have been couriered. Fingers crossed haha.

Plan B is to find opportunity to travel down to Sg to attempt to apply for DBS account with Vickers
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Just to update, I have received my letters rclxm9.gif
Only pending the $500 transfer
umboy
post May 30 2022, 08:25 PM

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SGD is all time high
Need to time the OPR to exchange money
sben525
post May 30 2022, 08:48 PM

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QUOTE(Ramjade @ May 30 2022, 06:03 PM)
1. No charge.
2. No card. Need to pay for it.
ok, thanks
lyyera96
post May 30 2022, 09:26 PM

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QUOTE(sidefulnes @ May 30 2022, 06:31 PM)
Just to update, I have received my letters  rclxm9.gif
Only pending the $500 transfer
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Can talk more?
asakura_hao P
post May 31 2022, 10:49 AM

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QUOTE(sidefulnes @ May 30 2022, 06:31 PM)
Just to update, I have received my letters  rclxm9.gif
Only pending the $500 transfer
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It took 2.5 month from your submission to approval?
sidefulnes
post May 31 2022, 11:12 AM

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QUOTE(lyyera96 @ May 30 2022, 09:26 PM)
Can talk more?
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More on? haha the standard submit and wait thankfully no issues besides the wait

QUOTE(asakura_hao @ May 31 2022, 10:49 AM)
It took 2.5 month from your submission to approval?
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The account opening process seem to start on early May is I received several notification and the letter was dated about that time. So I assume they will take about 1.5 months to vet the application, a week to process and 2 weeks to courier back the letters.
leetan33
post May 31 2022, 11:50 AM

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QUOTE(sidefulnes @ May 30 2022, 06:31 PM)
Just to update, I have received my letters  rclxm9.gif
Only pending the $500 transfer
*
I applied Maybank SG online and got it approved on the next day. I'm still waiting for my SG Debit Card to arrive since mid-May, hopefully it will reach me soon.
esyap
post May 31 2022, 12:52 PM

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QUOTE(IanMok @ May 30 2022, 05:19 PM)
Hi Ramjade, may i know which DBS branch u went to apply for this ? Thank you so much
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I tried couple weeks ago when the border opened at Jurong Branch but failed to get my DBS Acc opened. Vickers oso not possible. Only possible to open their Wealth Acc with min. SG300K maintained, otherwise will have bank changes and if you thinking of closing your ordinary savings acc after ur Wealth Acc opened, tat wont work too, all Acc will be linked and if Wealth Acc closed, semua closed smile.gif

Pls share ur experience if u managed to open ya. Maybe u have better luck. But my impression is they are getting more strict as my fren who oledi have Sg OCBC Acc applied for a Debit Card and CS asked for his work permit pulak

ikanbilis
post May 31 2022, 01:03 PM

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QUOTE(esyap @ May 31 2022, 12:52 PM)
I tried couple weeks ago when the border opened at Jurong Branch but failed to get my DBS Acc opened. Vickers oso not possible.  Only possible to open their Wealth Acc with min. SG300K maintained, otherwise will have bank changes and if you thinking of closing your ordinary savings acc after ur Wealth Acc opened, tat wont work too, all Acc will be linked and if Wealth Acc closed, semua closed smile.gif

Pls share ur experience if u managed to open ya. Maybe u have better luck. But my impression is they are getting more strict as my fren who oledi have Sg OCBC Acc applied for a Debit Card and CS asked for his work permit pulak
*
Recently re-opening border my friend able to open SCB bonus saver account bundled with their share trading account. Key word : Raffles branch only.
john123x
post May 31 2022, 03:11 PM

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user posted image

Anyone knows about this error? kindly please advise

i already fill up all details at m2u

This post has been edited by john123x: May 31 2022, 03:22 PM
Ramjade
post May 31 2022, 07:28 PM

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QUOTE(john123x @ May 31 2022, 03:11 PM)
user posted image

Anyone knows about this error? kindly please advise

i already fill up all details at m2u
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Apply manually via Malaysian Maybank branches. The sg website I think still buggy to allow application via online.
john123x
post May 31 2022, 07:32 PM

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QUOTE(Ramjade @ May 31 2022, 07:28 PM)
Apply manually via Malaysian Maybank branches. The sg website I think still buggy to allow application via online.
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thank you
leetan33
post Jun 2 2022, 01:02 AM

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QUOTE(leetan33 @ May 31 2022, 11:50 AM)
I applied Maybank SG online and got it approved on the next day. I'm still waiting for my SG Debit Card to arrive since mid-May, hopefully it will reach me soon.
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I just received my debit card on 3 June!
tkwfriend
post Jun 2 2022, 12:39 PM

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hi, is it true when needing POSB, OCBC, standard charted, and uob,

need to deposit 250k in order to open a saving account, as Malaysia not working in Singapore, or a permanent resident.
Ramjade
post Jun 2 2022, 12:53 PM

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QUOTE(tkwfriend @ Jun 2 2022, 12:39 PM)
hi, is it true when needing POSB, OCBC, standard charted, and uob,

need to deposit 250k in order to open a saving account, as Malaysia not working in Singapore, or a permanent resident.
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Maybe new rules. But likely they trying to earn money from you.
If I were you, take the train or bus or plane to sg with sgd3k, walk into DBs hq at marina bay financial center and try open their DBs Vickers. By opening their DBS Vickers usually they will open bank acocunt together for you. No need so much money. But that was 7 year ago. Not sure if anything change. See ikanbilis reply later.

QUOTE(ikanbilis @ May 31 2022, 01:03 PM)
Recently re-opening border my friend able to open SCB bonus saver account bundled with their share trading account. Key word : Raffles branch only.
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Need how much to open account?
ikanbilis
post Jun 2 2022, 01:46 PM

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QUOTE(Ramjade @ Jun 2 2022, 12:53 PM)
Maybe new rules. But likely they trying to earn money from you.
If I were you, take the train or bus or plane to sg with sgd3k, walk into DBs hq at marina bay financial center and try open their DBs Vickers. By opening their DBS Vickers usually they will open bank acocunt together for you. No need so much money. But that was 7 year ago. Not sure if anything change. See ikanbilis reply later.
Need how much to open account?
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Sgd3k to open the bonus saver account.

Must maintain min sgd3k at all times else sgd5 fee will be deducted every month
Ramjade
post Jun 2 2022, 03:03 PM

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QUOTE(ikanbilis @ Jun 2 2022, 01:46 PM)
Sgd3k to open the bonus saver account.

Must maintain min sgd3k at all times else sgd5 fee will be deducted every month
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Thank you for the answer.
SUSTOS
post Jun 2 2022, 03:35 PM

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QUOTE(Ramjade @ Jun 2 2022, 03:03 PM)
Thank you for the answer.
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laugh.gif why you like your own post.

Anyway, about to come to SG soon. Can you share any documents you bring with you while opening DBS My Account? Just passport? Or you need Malaysia IC, proof of residence etc.?

I am on the Work Holiday Pass scheme. https://www.mom.gov.sg/passes-and-permits/w...liday-programme

Also does the DBS My Account come with a debit card?

This post has been edited by TOS: Jun 2 2022, 03:35 PM
Ramjade
post Jun 2 2022, 04:09 PM

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QUOTE(TOS @ Jun 2 2022, 03:35 PM)
laugh.gif why you like your own post.

Anyway, about to come to SG soon. Can you share any documents you bring with you while opening DBS My Account? Just passport? Or you need Malaysia IC, proof of residence etc.?

I am on the Work Holiday Pass scheme. https://www.mom.gov.sg/passes-and-permits/w...liday-programme

Also does the DBS My Account come with a debit card?
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Wrong like. Should be ikanbilis post. Just bring everything. Bank statement, IC, passport of course is a must, your holiday pass. You got holiday pass should be easier to open compare to us.

Yes. Make sure it's DBS Visa debit card. Other card got charges.

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