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 Opening a Bank Account in Singapore

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elea88
post Jun 2 2022, 05:20 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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wow thanks for the link. i ask my daughter go apply the work holiday pass
SUSTOS
post Jun 5 2022, 03:47 PM

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Anyone opened a Citibank account in SG too?

I am confused by their many "local currency" bank accounts.

https://www.citibank.com.sg/personal-bankin...urrencyAccounts

I wonder which one behaves like Maybank SG iSavvy/CIMB SG FastSaver/DBS My Account.

(I checked OCBC and UOB too but they all require minimum monthly balance of something like 1k-3k SGD).

This post has been edited by TOS: Jun 5 2022, 03:47 PM
Ramjade
post Jun 5 2022, 03:52 PM

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QUOTE(TOS @ Jun 5 2022, 03:47 PM)
Anyone opened a Citibank account in SG too?

I am confused by their many "local currency" bank accounts.

https://www.citibank.com.sg/personal-bankin...urrencyAccounts

I wonder which one behaves like Maybank SG iSavvy/CIMB SG FastSaver/DBS My Account.

(I checked OCBC and UOB too but they all require minimum monthly balance of something like 1k-3k SGD).
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Just stick with DBS. Don't bother about Citibank etc.
If you got chance. Try to get their youtrip card. Heard it's not bad.
SUSTOS
post Jun 5 2022, 03:54 PM

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QUOTE(Ramjade @ Jun 5 2022, 03:52 PM)
Just stick with DBS. Don't bother about Citibank etc.
If you got chance. Try to get their youtrip card. Heard it's not bad.
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Youtrip better than Wise?

As far as I checked, it's very good with no markups or fees but I question the sustainability of the business model.

https://support.you.co/hc/en-us/articles/36...-we-make-money-

Relying on small fees from merchants when you spend with you Youtrip card does not bring much revenue, especially if I am an extreme saver where all money is in IBKR. laugh.gif

This post has been edited by TOS: Jun 5 2022, 03:59 PM
Ramjade
post Jun 5 2022, 04:07 PM

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QUOTE(TOS @ Jun 5 2022, 03:54 PM)
Youtrip better than Wise?

As far as I checked, it's very good with no markups or fees but I question the sustainability of the business model.

https://support.you.co/hc/en-us/articles/36...-we-make-money-

Relying on small fees from merchants when you spend with you Youtrip card does not bring much revenue, especially if I am an extreme saver where all money is in IBKR. laugh.gif
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Don't know. I am waiting for youtrip to come to Malaysia. They said they are coming but I guess covid delay them. I am also waiting for Mymy to launched.
SUSTOS
post Jun 5 2022, 04:16 PM

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QUOTE(Ramjade @ Jun 5 2022, 04:07 PM)
Don't know. I am waiting for youtrip to come to Malaysia. They said they are coming but I guess covid delay them. I am also waiting for Mymy to launched.
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Ok, will have a look. Youtrip may also need an SG phone number to stay activated, unlike my HK digital bank Mox which can accept Malaysian phone number (in the early days).

In case Youtrip need SG phone number, I can't apply then.
Ramjade
post Jun 5 2022, 04:22 PM

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QUOTE(TOS @ Jun 5 2022, 04:16 PM)
Ok, will have a look. Youtrip may also need an SG phone number to stay activated, unlike my HK digital bank Mox which can accept Malaysian phone number (in the early days).

In case Youtrip need SG phone number, I can't apply then.
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Last time I checked, they need sg telephone number.
ilovestitch
post Jun 6 2022, 05:51 PM

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anyone successfully opened the account , how long it takes for the online banking PIN to be sent to you? maybank sg sent the letter 1 month + ago , but until now i still have not got it? should i check with pos malaysia?

This post has been edited by ilovestitch: Jun 6 2022, 05:51 PM
lyyera96
post Jun 6 2022, 07:44 PM

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QUOTE(ilovestitch @ Jun 6 2022, 05:51 PM)
anyone successfully opened the account , how long it takes for the online banking PIN to be sent to you? maybank sg sent the letter 1 month + ago , but until now i still have not got it? should i check with pos malaysia?
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you open iSavvy?
ilovestitch
post Jun 6 2022, 08:43 PM

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QUOTE(lyyera96 @ Jun 6 2022, 07:44 PM)
you open iSavvy?
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yup
leetan33
post Jun 6 2022, 10:02 PM

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QUOTE(ilovestitch @ Jun 6 2022, 05:51 PM)
anyone successfully opened the account , how long it takes for the online banking PIN to be sent to you? maybank sg sent the letter 1 month + ago , but until now i still have not got it? should i check with pos malaysia?
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I applied online and I received the online banking PIN within the next working day via email. The debit card was delivered two weeks after.
SUSTOS
post Jun 6 2022, 10:57 PM

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QUOTE(ilovestitch @ Jun 6 2022, 05:51 PM)
anyone successfully opened the account , how long it takes for the online banking PIN to be sent to you? maybank sg sent the letter 1 month + ago , but until now i still have not got it? should i check with pos malaysia?
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In my case with Maybank SG iSavvy, all the letters are sent together (and also received) at once.

The banking PIN letter (hereinafter, "PIN" letter) is special compared to other letters in that it is sent in a more secured manner, which means the postman cannot just drop the letter in your mailbox like all other letters (including access code, debit card etc.) and leave. The postman needs to ensure you are at home and you need to sign off the letter which contains the PIN code in person.

What happened to me was that I was not at home when the postman arrived. So I found a notification card from the post office asking me to visit the nearby post office to receive the letter and sign it off in person, which I did.

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So, to summarize, try check if you have a notification card to receive a parcel/letter in person in the nearby post office. That could be an indicator of the "PIN" letter.

For your info, (at least in my case) the "PIN" letter will have your name printed on it together with your house address. It is also a registered air mail (you will see the red words "REGISTERED" stamped on it, together with the blue registration number sticker label and a white bar code beneath it.)

Hope that helps.

This post has been edited by TOS: Jun 6 2022, 11:01 PM
ilovestitch
post Jun 6 2022, 11:41 PM

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i receive none of them, what has happened ! does not look like it is pos malaysia problem.

This post has been edited by ilovestitch: Jun 6 2022, 11:44 PM
SUSTOS
post Jun 6 2022, 11:43 PM

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QUOTE(ilovestitch @ Jun 6 2022, 11:41 PM)
i receive none of them, what has happened !
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Be patient. It may take a few months. Last time I think for my case it was 2-3 months.

You can always email them (Maybank SG) if you need some updates.
ilovestitch
post Jun 6 2022, 11:44 PM

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QUOTE(TOS @ Jun 6 2022, 11:43 PM)
Be patient. It may take a few months. Last time I think for my case it was 2-3 months.

You can always email them (Maybank SG) if you need some updates.
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they say all of the letter sent out since 28 april, really take this long?
SUSTOS
post Jun 6 2022, 11:47 PM

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QUOTE(ilovestitch @ Jun 6 2022, 11:44 PM)
they say all of the letter sent out since 28 april, really take this long?
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Oh I see. Once sent out, should be quick to arrive consider the close distance between MY and SG.

The 2-3 months I mentioned is counted from the date of application, not date when letters are sent out.

If you have received none of the letters (not just "PIN" letter), try contacting Maybank SG again and ask for any availabile tracking number for the letters which you can check with pos malaysia.

------------------------

Check if there are any errors with your mailing address too.

This post has been edited by TOS: Jun 6 2022, 11:48 PM
SUSTOS
post Jun 16 2022, 07:12 PM

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Arrived at SG rclxm9.gif

QUOTE(elea88 @ Jun 2 2022, 05:20 PM)
wow thanks for the link. i ask my daughter go apply the work holiday pass
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Something for you to note. Though the validity of the WHP is till the end of the 6-month period mentioned officially in the application form, should the program of the visiting period be shorter than 6 months (e.g. in my case, 2 months), you will have to cancel the WHP on your own by writing a letter to the MoM (just a formal letter directed to the MoM telling them you would like to cancel the pass, print out and sign it), and bring along the WHP card with you to the EP Service Center at the Riverwalk to cancel the pass and they will issue you a 30-day short term visit pass thereafter to replace it.

The key thing is you CANNOT just let the pass lapse automatically by leaving SG earlier. You will have to leave SG with the short-term visit pass.

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Ramjade Went to DBS branch at Tower 3 MBFC this afternoon after the WHP card issuance at the Riverwalk, the customer service manager says no more queeue open. Have to come early morning. Did you encounter "limited queeue" issues back then when you open your account there?

This post has been edited by TOS: Jun 16 2022, 07:12 PM
sgh
post Jun 16 2022, 07:35 PM

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QUOTE(TOS @ Jun 16 2022, 07:12 PM)
Arrived at SG rclxm9.gif
Sorry sidetrack abit. 2 months? You have relatives living in Spore? If no you stay hotel for 2 months?
SUSTOS
post Jun 16 2022, 07:37 PM

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QUOTE(sgh @ Jun 16 2022, 07:35 PM)
Sorry sidetrack abit. 2 months? You have relatives living in Spore? If no you stay hotel for 2 months?
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I have relatives in SG (a lot actually laugh.gif). By the way, SG economic rice still cheap eh. 2 vege 1 meat 3.1-3.6 SGD in hawker centers.

Maybe we can meet too sgh, since we are here.

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Also for those with Maybank SG debit card, once activated, you can use it on any MRT and buses with the new "SimplyGo" system (activated by default) and hence you do not need to buy any Ezlink card if you have an activated Maybank SG debit card. I tested with the NETS feature and it works well too (no need for any special activation) when purchasing my prepaid SIM at a 7-11 store.

When you first arrive at Changi, after exiting immigration, use the skytrain (if you are not in T3) and head to T3's Arrival Hall near the north side and you will find a Maybank SG ATM there. Can try inserting your card and verify all the features are working well. The ATM can print out all the recent transactions too in a small slip.

This post has been edited by TOS: Jun 16 2022, 07:50 PM
annoymous1234
post Jun 16 2022, 07:38 PM

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will cimb sg saving account become dormant if there's no activity?

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