I've just opened a joint account at CIMB Sg
The instruction for transfer of the initial deposit SGD1000 for CIMB FastSaver account states :-




Would transfer from another Spore joint account held by same applicants to the CIMB account work?
We do not have individual personal accounts in S'pore.
Or die die need to do initial transfer via CIMB My account?

Tested with S$1 - no response from CIMBSg yet

Anyone had similar experience?

This post has been edited by ??!!: Jul 30 2022, 12:05 PM

Transfer using cimb my. I think min among sgd100. Then complete the sgd900 with fintech (Sunway money or TransferWise)

cimb.com.my/en/personal/day-to-day-banking/accounts/savings-account/octosavers-account-i.html

Anyone ever tried use CIMB Apply(online apply account) for new customer? Did it work?

Why would you want to apply that?

Update us with your progress. Would like to know before opening with cimb sg. Thank you

If you have CIMB my bank account, very easy to open CIMB sg account. All can be done via online.

If you don't have CIMB, you can use Maybank. Difference is CIMB sg does not require lockup of sgd500 while Maybank sg needs you to lock up sgd500 or else there's a monthly fall below fees of sgd2.00/month.

Another difference is Maybank sg application better to do it via certain Maybank branch in Malaysia.

So actually you don't need to fly there. You fly there only if you want pure sg bank account and not a Malaysian bank which operate in Singapore. But if you want convenient, just pick either CIMB or Maybank sg as your sg bank.

Btw, you need to choose where you want to invest. If you don't have enough money, choose your investment wisely. If you have lots of money, no issue. A lesson I learned. I was too diversified. Everything also I want to buy.

This post has been edited by Ramjade: Jul 31 2022, 06:56 PM

Oh I see

Thank you boss for the tips and tagging. No CIMB so might need to go maybank route. I am looking into transferwise option as well since they allow sgd holding. I also have some "pocket change" with someone in sg so i could also explore the option of asking them to bank into the account for me. The biggest issue is as you pointed out. "Where to invest" and "what to buy". I see you mention IBKR a lot at the other thread so i just searched them and read up. A bit complicated so i put it on hold at the moment. Still waiting for my KDI to get approval (3.38pm already.. no hope today) and once i settle that one i will look into the IBKR further. Thank you boss.

Go open CIMB my account. A free basic savings account is more than enough. CIMB is superior to Maybank as no lockup amount and no fall below fees.

TransferWise only recommended if
1. You are sending money overseas
2. You are receiving say USD from online cashback

Otherwise it can only hold rm10k max.

Do not keep using friend or family member to bank in as you could be scrutinized by bank for anti money laundering.

Depends on what you want. Pay middle man to do for you, or do yourself. Just buy QQQ and hold. Not that hard. Cut out the middle man and reinvest the savings.

Notice to those who have DBS account in SG:

1. DBS Multiplier account raised its deposit rate: https://www.straitstimes.com/business/banki...savings-account

2. Make sure you DO NOT set the d2Pay internet banking service transaction limit to 0.00 SGD which implies deactivation of the d2Pay service. If you accidentally do that, you need to fill up a reactivation form (link: https://www.dbs.com.sg/iforms/ib/paymentstr...al/default.page ) and mail it to DBS Bank via Simpang Bedok Post Office.

The cost of sending letter throughout Singapore is just 0.3 SGD (I mailed mine from SingPost branch at Woodlands Civic Center, you can check all other branches' opening hours here: https://www.singpost.com/list-of-post-offices)

The mailing process is very fast, just under 2 minutes for me today, no need to queue (maybe less people).

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

For those who want to open DBS account and stay near NUS/NUH/Kent Ridge MRT station/area, you can try taking the free NUS shuttle bus (yes, free of charge, sponsored by SG government obviously) or bus 95 which traverse through NUS campus and eat the canteen food.

For reference, Yusof Ishak House canteen (accesible by NUS shuttle bus and bus 95), where I took my dinner today:

Economic rice (3 vege): 2.2 SGD
Economic rice (2 vege + 1 meat): 2.5 SGD
Pineapple fried rice etc. : 3.5-4 SGD

Obviously, the stall rent has to be subsidized by the government, which is why the cost savings are passed down to the you, the consumer. Note that not all unis in SG has cheap food. SUTD in the far eastern part of SG does not have such "cheap" subsidizes. The econ rice there still cost 3.7-3.9 for 2 vege 1 meat combination, for reference.

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

Another insider news:

Salary for mechanical engineer/similar positions at Micron Woodlands North fab

https://www.google.com/maps/place/Micron+Se...33;4d103.793629

Freshgrad: 5k SGD (3-4 years back 3.5 k SGD)
PhD: 5.5k SGD (10% more, SG don't really value postgrad degrees...)

This post has been edited by TOS: Aug 1 2022, 10:26 PM

I opened a CIMB SG recently too. I have transferred SGD10 from MY CIMB to SG CIMB. The rest SGD 990 I used WISE to transfer. Last week received a follow up email from them to ask some questions which I answered already. Now already 7 days since then. Hopefully will get a call or something from them this week.

YouTrip card arrives today. 4-digit PIN setup verified by email address on phone and can be used now.

My Account activated already, they didn't call me after i replied to their e-mail. Already can log into CIMB SG website and use their app. Now i know CIMB in SG don't have Sotong logo. LOL.

Say, does anyone knows? Can I withdraw SGD from ATM in Singapore from my SG account using CIMB MY ATM card since the account is linked? Any charges?

Nope...you need an atm card issued by CIMB SG.
Yty I received a call from officer there about activation code.
And she help me to issue atm card as well. Charges per card is sgd10

weirdly, the cimb sg cs told me no third party funding eg Wise for initial funding, what the.... hisap darah xD

the first funding can be sgd1

Not exactly answering your question, But long long time ago, I used my CIMB MY atm card to withdraw rupiah from CIMB Indonesia atm, just need to using their forex rate, no extra charge. Fund was deducted from Malaysian account.
Likewise , with HSBC card @ UK

Re my initial deposit for CIMB S'pore, I tested with S$1 transfer from my joint account in another Spore Bank.
It showed up in my CIMB clicks online and the linked Sg account is shown as "active". Then transferred another S$999 from the same joint account. Immediately reflected in the account as seen in my CIMB clicks.MY.

It's been 2 days, I've not received any activation code for CIMB Clicks Sg.
Hmm, maybe need to contact them

CIMB sg got only one branch. So if you want to withdraw money have to travel all the day to CBD and go to their branch. Not worth it.

Just get bigpay and withdraw using bigpay or spend SGD in sg using bigpay. No need atm card.

They send via mail. Expect 2 weeks or 1 month. Depending on how fast is the mail service.

Not so fast lah. Wait for 5-6 days or so for them to contact you. After i replied their e-mail, it was about 7-8 days.

Total about 15-16 days from account opening (i bank in money same day i receive the account).