Just put your money in sg. Here's step by step. No need to wait until large amount. I transfer once I get rm10k.
https://ringgitfreedom.com/banking/opening-...for-malaysians/

After sending 2 letters (first one rejected because "signature not the same"), the d2pay service is reactivated with the default minimum of 100 SGD.

Don't simply set transfer/pay limits to 0 for DBS accounts. Lesson learnt.

hi ramjade, might pay a visit to SG soon, feel like tryna my luck on the DBS account opening
want to ask what particular documents need to bring? need to bring SGD cash for deposit?

online info are all for SG resident

These should be the bare minimum.

Malaysia IC,
Malaysia passport,
SG Arrival Card (the one sent to your email inbox after immigration) since you don't have any passes/permits
Proof of source of fund (print latest statements of SG bank accounts and MY bank accounts)
Proof of MY address (e.g. MY telephone/utility bills)
Proof of MY employment status (a job offer letter, salary slips etc.)

These are extras, but to be safe:

Proof of SG address (at least a hotel in SG if you stay there, but most likely not needed)
Proof of tax residency (MY income tax filings)

No need to bring any amount for account opening at DBS, you can deposit at the CDM machines later if successful.

----------------If you are interested in CDP account opening----------------------

Once you are successful with DBS account application, if you have a relative in SG and don't mind some lost in privacy, first change your DBS address (both mailing and residential) to your relative's SG address. After bank approves, you can then open your CDP account as a "foreigner" here: https://investors.sgx.com/cdp-account-openi.../form-selection

It will likely take 1-2 months to complete the CDP account opening, but the timing should be right as the risk-free rates continue to rise into next year. You can then buy SSBs and SG bills/bonds.

This post has been edited by TOS: Sep 18 2022, 01:41 PM

TOS already give info. But this is what I recommend.
Malaysia IC,
Malaysia passport,
Proof of source of fund (print latest statements MY bank accounts)
Proof of MY address
Income tax filling receipt.
Rm30k worth of cash in SGD values. Since you are going down sg, make good use of mid valley money changer rate.

what is the deposit amount required?

For Ram's advice on Mid-valley forex exchange make sure your house is near Mid-Valley and you factor in the cost to travel to Mid-valley to exchange the money. Petrol, tolls, time, traffic etc. This is the opportunity cost to using Wise/Instarem etc, something you must factor in before doing the exchange.

Depending on your purpose of visit to SG, if it's just leisure travel and only last for a few days, make sure you plan your trip in advance. If MBFC main branch rejects you, you can then shop around other branches to test your luck the next day or the following days.

Arrive 1 hour before branch open. This is very important. You must understand SG's kiasu kiasi attitude! Check the branch(es) opening hours before you visit them.

MBFC branch is near Market Street food center, a new hawker center at CapitaSpring, so you may have your breakfast there. Another location for breakfast is within MBFC Tower 3 itself, just one floor below DBS's MBFC main branch is NTUC's Foodfare hawker center. You can try to have breakfast there too as it's nearer though more expensive. https://www.google.com/search?q=NTUC+foodfare+MBFC

If you have a Maybank SG account beforehand, make sure you test out the card at Changi airport's Maybank SG ATM when you arrive (or straight away tap on bus 950 at JB bus interchange if you touch down at Senai and see if the SimplyGo feature is enabled).

You may then use the Maybank SG debit card on nearly all places in SG. Cash is important for spending at hawker centers as most of the stalls only accept ewallets like PayLah, GrabPay etc and cash. Few stalls accept NETS, and even if they accept NETS/credit/debit cards, avoid using them as sometimes their POS systems fail and your money is deducted from SG bank account but not received by them, so you have to pay by cash another time while bear the risk that the earlier failed transactions will not go through and the cash will be refunded.

It may take days before the cash is refunded... (happens to me once, money deducted three times (swipe card 3 times), all fail, ended up paying by cash, all 3 failed transactions reversed after 3-4 days).

My earlier post on DBS account opening may not be fully applicable, but should still contain some helpful info. https://forum.lowyat.net/index.php?showtopi...ost&p=104713013

This post has been edited by TOS: Sep 18 2022, 09:43 PM

There is no minimum balance for first time user for DBS Multiplier Account or DBS My Account. You may deposit any amount you like OTC during account opening or via the CDM machines outside branch or in major public locations like MRT stations, malls, airports etc. You can also deposit via Wise/Instarem/other fintech or from other SG bank accounts.

You can also choose not to deposit anything and deposit only when you are back in Malaysia. But I will recommend deposit a few SGD just to try out the ATM feature to make sure the card can be used on MRT/buses.

DO NOT adjust the maximum transfer/pay limit for both card and ibanking to 0, otherwise the card/ibanking services might be deactivated. Choose the minimum amount above 0 for transfer/pay limit if you want to be secure.

Also make sure you bring enough money for food, transportation, hotel etc.

This post has been edited by TOS: Sep 18 2022, 07:56 PM

The reason ask you to bring rm30k is if you are unsuccessful, you can just go to Maybank or CIMB and deposit your money.

Use train. I used train last time.

AirAsia Senai-Penang last time is 100 MYR back and forth for me should be ok.

Not sure about KL-Senai airfare. But land at Changi surely very expensive.

Train also ok. But I can't find KL Sentral-JB Sentral train ticket on KTMB website. Looks like fully booked?

don't follow TOS way. Reason. His way is for those who are working/studying there. Those with pass. Not applicable to normal people like me. Follow my way for normal people who is not working or studying in Singapore

1. Take SMRT to Marina Bay station
2. Go to MBFC tower 3
3. Go to the counter and tell them you want to open a DBS Vickers and DBS Multiplier account
4. Fill up the forms, give them all the documents mentioned above
4. Wait 3-5h, yes thats how long it took me (I think mine was 4h+)
5. Remember to ask for DBS Visa debit card (it's free vs passion card)
6, After wait deposit SGD3k or more into your account
7. Wait 3 months from date of opening account
8. Open DBS My Account via online
9. Link your debit card to My Account, close your Multiplier account via online

If you don't know how, chat with the robot. Make sure you have your My Account up and running first before closing your Multiplier account.

You have to open DBS Vickers acocunt to get your sg bank account. No other way around it for non pass holder.

Here you go.
https://online.ktmb.com.my/

This post has been edited by Ramjade: Oct 28 2022, 04:21 PM

Website under maintenance after 11pm. We check again tomorrow.

Go before branch open no need to queue 4 hours. Only those go after branch open will need to queue 4 hours. Remember SG mentality. It's game theory at work!

Not necesary to close multiplier account if you might land a job in SG in the future or can open CDP account. The bills and bonds interest count as "income" and if amount is large can help turn your multipler account into a high-yield saving account.

2 DBS accounts also allow you to move money back and forth to keep the accounts active if you don't have Maybank and CIMB SG.

This post has been edited by TOS: Sep 18 2022, 11:16 PM

I came at 11am. Had to wait until like 3pm+

Close account as your SGD3k is lock up for lousy rates. There are better way to earn those rates. I am not a fan of bank locking up my money.

That's why must come at 8 am*... early to bed early to rise makes a man healthy, wealthy and wise.

I didn't know DBS bully non-resident foreigners. Thanks for info, in this case, to stay safe, tadashi987, please follow Ram's advice to bring 3k or more SGD for account opening in case DBS wanna bully you.

They are not supposed to discriminate prospective clients but somehow it seems like they are becoming more like Swiss banks these days.

*tadashi987 Can consider booking a hotel near CBD to facilitate shorter transporation time to MBFC Tower 3. 7-8 am is peak hours so traffic jam is certain in CBD areas even with ERP in place. Avoid buses unless it's very near MBFC Tower 3. MRT is more predictable.

This post has been edited by TOS: Sep 18 2022, 11:42 PM

It's not the queue. My queue was like2-3 person in foent if me only. It's the opening process. So slow and no thumbprint verification. Got a shock.

Your 2-3 people info is outdated already. Now the queue number is no longer given after 11am-12 pm in very busy days. Those come after branch open have to wait till afternoon to proceed with their applications if you are behind in the queue. You can only hope the officers will come to the queue to check your documents first. Risk-free rates are no longer 0% now...

My account opening process was only like 30 minutes. Did you just wait at the counter for 4 hours? The staff can't just be gluing their eye on the computer screen all the time. I don't recall any thumprint verification also. I suppose they can trace your thumprint by checking with ICA by looking up your travel documents since you already have your thumprint taken at the airport/land checkpoints.

Combining our experience, it seems like in the worst case tadashi has to wait for 8 hours to get his account opened... That sounds very unreasonable...

This post has been edited by TOS: Sep 19 2022, 08:25 AM

That's was woodland branch. Mine was mbfc. Woodland branch people maybe lazy.

My account process from officer come see me to finally getting my card was as mentioned finished at around 3pm. How I know it take so long? I looked at the time to see how efficient Singaporean are.

Like I said I was disappointed opening acocunt take so slow. It's as bad as bsn queue. I have never waited so long at Hong Leong. CIMB. Or Maybank.

Not to mention a financial center does not use fingerprint authentication is like dinosaur to me.

This post has been edited by Ramjade: Sep 19 2022, 12:04 PM

Trust bank....anyone able to use it?

Ok lah different experience, we shall see how tadashi's experience looks like soon.

I hold a different view on fingerprint. SG GLCs and government integrate very well, I am not surprised if they can get fingerprints and info from ICA. And not taking your fingerprints can also be a good thing from privacy point of view.

Tried several times. Each time need MyInfo from SingPass, so not able to open account. But you can read the reviews from HWZ: https://forums.hardwarezone.com.sg/threads/...errals.6802859/


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

tadashi987 make sure install some needed apps on your phone: "SG BusLeh" for bus live locations and MRT map, "Wireless@SGx" for free wireless service if eligible, SG Arrival Card app for filling up and showing your arrival card in SG.

This post has been edited by TOS: Sep 19 2022, 01:43 PM

Hi all, i didnt get any call from cimb sg since i did ekyc + deposited 1k SGD on 7 Sep. Is this normal or i have to contact them back?

This post has been edited by att901: Sep 22 2022, 08:37 AM