I bring as much as possible by Malaysian law in cash. SGD10k.

This post has been edited by Ramjade: Feb 9 2023, 01:05 PM

So until now you also use this DBS Acc?

I close the original account and open a new one via online. The thing is get into the door first.
My new DBS My account is a multicurreny account like the old one without the need to lock up SGD3k inside. So yes I am still using DBS. But new and improve account over the old original account.

This post has been edited by Ramjade: Feb 9 2023, 02:38 PM

Do you have any experience SG bank account has been hacked?

Nope. Cause once my money come in from Malaysia, I transfer straight to interactive broker. Also I use a phone solely for SMS OTP from banks only.

So if you want use or pay something then transfer back from IBKR to bank account?

I don't bring my money back to Malaysia. What I have in Malaysia is just cash for expenses. It's basically a one way ticket for me. Always have been, always will be.

If you keep sending money back and forth you will start losing money to Forex.

This post has been edited by Ramjade: Feb 10 2023, 02:32 PM

So the easiest SG banks for Malaysians are still Maybank and CIMB.

Anyone else managed to open easily with other banks? How about UOB SG?

Yes and no.
Yes if you are lazy to travel to Singapore and want to do everything from Malaysia.

No if you are willing to travel to Singapore and try luck and follow instructions to the dot. Forget UOB. OCBC or standard chartered. They are only interested in getting sales from you or interested in you only if you want to open priority banking with them if you have no pass. If you got working or studying pass, all banks will open account for you. No issue.

This post has been edited by Ramjade: Feb 12 2023, 03:32 PM

To solve this, you can update your details by filling up the necessary form in your home branch and then try again.

so if we did not any SG pass but we want try luck to open sg bank (exclude maybank sg and cimb sg), which bank you suggest?

last week maybank sg call me (I submit application form at branch), now I just wait the debit card mail to me

For poor people without hope of priority banking or refuse to buy any of their products, DBS.

Hi need some advises.

There are so many banks to choose, whats the best bank for malaysian?

Cimb sg.

If you are willing to travel to sg, DBS account.

This post has been edited by Ramjade: Feb 15 2023, 10:09 AM

whats the advantages over DBS? my main goal is to transfer between SG and MY, which would be the best

Dbs account is Multicurreny account (able to deposit, withdraw and transfer foreign currency) while both Maybank and cimb is just SGD account. Depending on what account you ah e with DBS, you can practically keep zero punt inside (,my own account only have SGD0.10)
CIMB Sg can be opened online.
Maybank sg need to visit selected branch in Malaysia.
Maybank sg have a min lock in SGD500. If amount drop less than SGD500/month you will be charged SGD2.00/month.

CIMB and Maybank sg are easier to open Vs DBS.

If you don't care about Multicurrency account. Just pick CIMB sg.

Do not keep transfering money between Malaysia and Singapore. Frequent transfer will take up costs.Make sure money you are going to keep in Singapore is at least going to be there for 5 years.

This post has been edited by Ramjade: Feb 15 2023, 01:03 PM

Finally my cimb Singapore activated. Took one month and 5 days since application.

Maybank Singapore only two days.

Maybank can open online... and usually with one business day. CIMB takes much longer.

Good to know. Cause I had the assumptions that online is buggy hence better to do a branch.

Btw, what's the latest min amount before fall below fees kick in? Mine time was SGD500

This post has been edited by Ramjade: Feb 15 2023, 01:21 PM