Yes, you can use Maybank SG or CIMB SG or both. Here's a complete guide to opening CIMB SG for Malaysians, without needing the need to travel across the border: https://ringgitfreedom.com/banking/opening-...for-malaysians/

For Maybank SG, you can follow the instructions here: https://www.maybank2u.com.sg/iwov-resources...n-Form-mbmy.pdf

CIMB SG is recommended over Maybank SG as:

1. CIMB SG has no minimum balance deposit requirement. Maybank SG has a minimum daily balance requirement of 500 SGD, or else you will be charged with 2 SGD fall-below fees.
2. CIMB SG has good SGD->MYR forex rate for transfers back to MY. Note that the converse is not true. MYR->SGD is best done via Wise/Instarem/Sunway Money/BigPay etc.
3. No inwards remittance TT charges for CIMB SG if you need to send money into your SG bank account via SWIFT, for example.

This post has been edited by TOS: Nov 14 2022, 08:34 AM

If you have CIMB SG savings account, is it possible to easily open CIMB SG FD account?

SGD FD rate at CIMB SG quite tempting, about 4% already

Yes can. All online.

Thank you!

The DBS Multiplier acc has an upkeep fee $5 if the balance falls below 3k SGD right? If your account has zero balance, then they can't deduct?

So when you deposit 3k again, will they charge back $5/month for those months that they didn't get to charge you before?

quota for? cant walk in to bank ar?
got max cust allowed per day?

Tell the bank branch to open online for you from their branch computer. For first time DBS customer, no fall-below fees. So, no worries.

If possible, ask for My Account opening, but most likely they will tell you to open Multiplier account (for non-Sporean and PR). Just go with it, but insist that no fees will be charged (ask them to double check). The counter officer will open account for you via the "online" route.

https://www.dbs.com.sg/personal/deposits/ba...er#casaDigibank



Other references: https://forum.lowyat.net/index.php?showtopi...#entry104713013

SG banks have quota for how many customers they can handle per day as there are a few branches across the island but too many people (especially old uncles and aunties) who don't know (or like to) use mobile apps/internet banking will queue. These days with rising interest rates, OTC FDs and application for SG T-bills from CPF accounts (which can only be done via bank branch) means very long queue.

I took this photo a few months back at DBS Woodlands branch when I opened my account there:

https://forum.lowyat.net/index.php?showtopi...#entry104662684

wow...i thought of dropping by cimb bank to settle some issue at the end of the month...
zzzzzz

CIMB bank should be better since they don't have that much customer like the 3 local banks. Most CIMB SG account functions are online too (like FD deposits). So, not much matters require physical visit to branch (thus less need to queue).

This post has been edited by TOS: Dec 2 2022, 06:19 PM

ok then...thanks for the info

if the branch in MBFC is full, then what should I do? What is my second option?

This post has been edited by tradingGo: Dec 2 2022, 11:19 PM

Try to return the next day, queue early. Or else, you can try other branches. https://www.dbs.com.sg/index/locator.page?filter=DBS

If still cannot by then, you can try other banks like OCBC and UOB. Your main aim should be the 3 local SG banks, mainly to prepare for possible CDP account opening in the future if possible. But UOB and OCBC saving accounts will have minimum balance requirements of some 500 SGD or more, unlike DBS's case.

You got no option if you are a Malaysia without any working or studying pass. TOS option is only for those with working or studying pass.
Go there early. My time I reach there was like 10am already 7 years ago.

Only option left is CIMB fastsaver.

This post has been edited by Ramjade: Dec 3 2022, 12:04 AM

anyone having problem login to CIMB SG apps or website? When i login, it'll request for OTP, but I never receive it eventhough i resend again & again... previously, didn't encounter this issues before... start to have this issue last week till now...

Me too! I have called CIMB SG for help. After a few days, CIMB MY had called me saying that they have tried to reset my connection and ask me to try again but still not working yet. Now still waiting for them to come back to me.

[url=https://pictr.com/image/ErCSJf][/url

Anybody tried this USD FD on cimb Sg? 5.1% for 12 month tenure. So tempting.

Would it possible to transfer USD direct via Wise to cimb fd?

But not sure if you are required to make a USD current account. If yes, not worth it. I do t believe you can just do using wise. Usually they will want you to minus from existing SGD or USD held with them.

As discussed in foreign FD thread, Alliance Xchange FD account is better compared to CIMB SG FCY FD account.



3 mth already 5.1%.



The Alliance TT is RM25++ compared to CIMB SG exorbitant TT fee.

Hence, in terms of interest rates and fees both better than CIMB SG. The only downside maybe Alliance's FCY FD is under BNM vs CIMB FCY FD's under MAS.

Would you happen to know what the exchange rate spread is to change currencies to and from USD for the Alliance FCY FD account?

PS: I will share the Alliance Bank Malaysia TT screenshot for your reference in a bit...

What's the best way (and rates) to transfer MYR to SGD? with

1) cimb clicks my to cimb sg
2) transferWise