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 Opening a Bank Account in Singapore

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SUSTOS
post Jul 28 2022, 11:57 PM

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QUOTE(Johnch666 @ Jul 28 2022, 07:17 PM)
Did Anyone try open dbs Vickers recently?
Is it still possible ?
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Possible. I opened one account with DBS Vickers a few weeks back, just after I got my DBS Multipler account approved.

Note that you have to "self-declare" yourself as an SG tax resident to apply for a DBS Vickers account online (even if you are not... they won't check, since it's "self-declare", not even asking for proof or anything. WHP pass is good enough to make you an SG tax resident even with just 6-month validity laugh.gif)

You can link it to a CDP account if you own one or you can use the CDP account number given to you while your application is still under review.

For my case, my CDP account linkage failed since my CDP application was rejected. So, my current DBS Vickers is like a "bare bone" service without any linkage to any CDP account.

This post has been edited by TOS: Jul 29 2022, 12:11 AM
Johnch666 P
post Jul 29 2022, 12:04 PM

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QUOTE(TOS @ Jul 28 2022, 11:57 PM)
Possible. I opened one account with DBS Vickers a few weeks back, just after I got my DBS Multipler account approved.

Note that you have to "self-declare" yourself as an SG tax resident to apply for a DBS Vickers account online (even if you are not... they won't check, since it's "self-declare", not even asking for proof or anything. WHP pass is good enough to make you an SG tax resident even with just 6-month validity  laugh.gif)

You can link it to a CDP account if you own one or you can use the CDP account number given to you while your application is still under review.

For my case, my CDP account linkage failed since my CDP application was rejected. So, my current DBS Vickers is like a "bare bone" service without any linkage to any CDP account.
*
Is it possible to open Vickers account without WHP pass? I don't think I can get it.

Ramjade
post Jul 29 2022, 01:19 PM

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QUOTE(TOS @ Jul 28 2022, 11:57 PM)
Possible. I opened one account with DBS Vickers a few weeks back, just after I got my DBS Multipler account approved.

Note that you have to "self-declare" yourself as an SG tax resident to apply for a DBS Vickers account online (even if you are not... they won't check, since it's "self-declare", not even asking for proof or anything. WHP pass is good enough to make you an SG tax resident even with just 6-month validity  laugh.gif)

You can link it to a CDP account if you own one or you can use the CDP account number given to you while your application is still under review.

For my case, my CDP account linkage failed since my CDP application was rejected. So, my current DBS Vickers is like a "bare bone" service without any linkage to any CDP account.
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Bro you got pass. He's asking for people without pass.

QUOTE(Johnch666 @ Jul 29 2022, 12:04 PM)
Is it possible to open Vickers account without WHP pass? I don't think I can get it.
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Try it. I did mine 7 years ago. Without any pass.

This post has been edited by Ramjade: Jul 29 2022, 01:19 PM
SUSTOS
post Jul 29 2022, 01:23 PM

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QUOTE(Johnch666 @ Jul 29 2022, 12:04 PM)
Is it possible to open Vickers account without WHP pass? I don't think I can get it.
*
The tax requirement for online DBS Vickers account application is that you need to have an SG TIN number (i.e. SG tax resident).

In Singapore, TIN number is the same as FIN number(work/student etc. pass) or NRIC number (Sporean/PR).

Anyway, I am not sure how Ramjade manage to "self-declare" his SG TIN number 7 years back without any pass or NRIC. tongue.gif It's best you ask him.


elea88
post Jul 29 2022, 01:37 PM

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QUOTE(TOS @ Jul 29 2022, 01:23 PM)
The tax requirement for online DBS Vickers account application is that you need to have an SG TIN number (i.e. SG tax resident).

In Singapore, TIN number is the same as FIN number(work/student etc. pass) or NRIC number (Sporean/PR).

Anyway, I am not sure how Ramjade manage to "self-declare" his SG TIN number 7 years back without any pass or NRIC. tongue.gif It's best you ask him.
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7 years ago we just open using TIN from MALAYSIA .. with our Malaysia IC
SUSTOS
post Jul 29 2022, 01:49 PM

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QUOTE(elea88 @ Jul 29 2022, 01:37 PM)
7 years ago we just open using TIN from MALAYSIA .. with our Malaysia IC
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Oh I didn't know Malaysia IC can be used as SG TIN number. Maybe can try that.

This post has been edited by TOS: Jul 29 2022, 01:49 PM
Ramjade
post Jul 29 2022, 02:10 PM

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QUOTE(TOS @ Jul 29 2022, 01:23 PM)
The tax requirement for online DBS Vickers account application is that you need to have an SG TIN number (i.e. SG tax resident).

In Singapore, TIN number is the same as FIN number(work/student etc. pass) or NRIC number (Sporean/PR).

Anyway, I am not sure how Ramjade manage to "self-declare" his SG TIN number 7 years back without any pass or NRIC. tongue.gif It's best you ask him.
*
I declare honestly. I am not working. I am a student.
Then once I got my lhdn numbe I just update to sg side. Good to go.With proof (lhdn receipt)

QUOTE(elea88 @ Jul 29 2022, 01:37 PM)
7 years ago we just open using TIN from MALAYSIA .. with our Malaysia IC
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My TIN I just use our lhdn number.

This post has been edited by Ramjade: Jul 29 2022, 02:10 PM
SUSTOS
post Jul 29 2022, 02:16 PM

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QUOTE(Ramjade @ Jul 29 2022, 02:10 PM)
I declare honestly. I am not working. I am a student.
Then once I got my lhdn numbe I just update to sg side. Good to go.With proof (lhdn receipt)
My TIN I just use our lhdn number.
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So you opened your DBS Vickers account and (bank) multiplier account with your student pass back then?

Or you are Malaysia student? The online application needs you to enter your TIN number anyway. Not sure how you fill that column up?

If you state you don't have SG TIN, they straightaway reject your DBS Vickers application and states you need to be SG tax resident to open DBS Vickers account.

At least that's my case.

This post has been edited by TOS: Jul 29 2022, 02:18 PM
Ramjade
post Jul 29 2022, 03:05 PM

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QUOTE(TOS @ Jul 29 2022, 02:16 PM)
So you opened your DBS Vickers account and (bank) multiplier account with your student pass back then?

Or you are Malaysia student? The online application needs you to enter your TIN number anyway. Not sure how you fill that column up?

If you state you don't have SG TIN, they straightaway reject your DBS Vickers application and states you need to be SG tax resident to open DBS Vickers account.

At least that's my case.
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I do not have any working or student pass. I got nothing in Singapore. No job, no study stuff in Singapore, no sg phone number, no sg address.

I bring all my student card, university letter and showed them. I tick no TIN as not working. Still studying that time.

TIN is actually for US FACTA. Not sg TIN. That was 7 years ago.

This post has been edited by Ramjade: Jul 29 2022, 03:06 PM
sgh
post Jul 29 2022, 04:48 PM

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QUOTE(Ramjade @ Jul 29 2022, 03:05 PM)
I do not have any working or student pass. I got nothing in Singapore.  No job, no study stuff in Singapore, no sg phone number, no sg address.

I bring all my student card, university letter and showed them. I tick no TIN as not working. Still studying that time.

TIN is actually for US FACTA. Not sg TIN. That was 7 years ago.
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I think you brought up the key point that was 7 years ago. Bank policies could have changed along the years more stricter or more lenient whatever. TOS experience is this year 2022 so is latest info.
Ramjade
post Jul 29 2022, 04:59 PM

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QUOTE(sgh @ Jul 29 2022, 04:48 PM)
I think you brought up the key point that was 7 years ago. Bank policies could have changed along the years more stricter or more lenient whatever. TOS experience is this year 2022 so is latest info.
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He is using pass which most Malaysian don't have access to. That's why I said if want to see if can open an account as Malaysian do it without a pass and see if it's possible.
Harry929292
post Jul 29 2022, 05:02 PM

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Can
Harry929292
post Jul 29 2022, 05:02 PM

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but why u wanna open?
SUSTOS
post Jul 29 2022, 06:20 PM

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QUOTE(Harry929292 @ Jul 29 2022, 05:02 PM)
but why u wanna open?
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If you have CDP then DBS Vickers is the cheapest broker to access the secondary market for securities listed on SGX.

DBS Cash upfront charges 10 SGD for purchase of stocks/bonds from secondary market (for CDP).

To sell, you open an FSM SG account and sell your holdings from there (still linked to CDP) for 8.8 SGD per trade.
umboy
post Jul 29 2022, 07:21 PM

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With SGD hitting 3.23 against MYR and upgoing trend, more and more people will open SG bank account
Johnch666 P
post Jul 29 2022, 08:35 PM

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QUOTE(leetan33 @ Jul 28 2022, 10:42 PM)
I received the email confirmation with login ID and password within the next working day. The card takes another two weeks to reach my address.
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Do you mind sharing how old is your Maybank account?
I opened a Maybank my (already 4months old now).. but they rejected my application for isavvy, when ask for reason, they said they can't disclose the reason.
??!!
post Jul 29 2022, 08:43 PM

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I just applied CIMB Sg account online and surprised approval is almost instantaneous.

I tried to link to my CIMBclicks MY and it says pending process.
If it's linked, do i still need to have a CimbClicks.Sg account or can just use Click.My to make transactions for the Sg account?

Ramjade
post Jul 29 2022, 09:55 PM

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QUOTE(??!! @ Jul 29 2022, 08:43 PM)
I just applied CIMB Sg account online and surprised approval is almost instantaneous.

I tried to link to my CIMBclicks MY and it says pending process.
If it's linked, do i still need to have a CimbClicks.Sg account or can just use Click.My to make transactions for the Sg account?
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You need CIMB sg for transaction. CIMB my is just to view balance.
??!!
post Jul 29 2022, 11:09 PM

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QUOTE(Ramjade @ Jul 29 2022, 09:55 PM)
You need CIMB sg for transaction. CIMB my is just to view balance.
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Thanks!




leetan33
post Jul 29 2022, 11:37 PM

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QUOTE(Johnch666 @ Jul 29 2022, 08:35 PM)
Do you mind sharing how old is your Maybank account?
I opened a Maybank my (already 4months old now).. but they rejected my application for isavvy, when ask for reason, they said they can't disclose the reason.
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My Maybank account is also my salary account and about 8 years.

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