search for singpass and myinfo... you'll get a page full of links to peruse...

self employed Malaysian here, am I able to open DBS bank account

Working in Singapore or Malaysia? Open with pass or no pass?

I'm normal Malaysian working in Malaysia.

Care to share the steps you took to open DBS account?

I haven't open any DBS account, hopefully anyone can guide me

Maybank or CIMB Singapore don't want open?

die2 must be DBS only??

Collected CIMB SG already Maybank so kiamsiap, FD sure low..

I'm looking to park money in SG FD, CIMB SG 4% Promo FD just ended

Haiz. I thought you manage to open. I read it as you managed to open. This guide maybe outdated.
1. Get ready min SGD 3k cash
2. Travel to singapore (you can't do without being physical there)
3. Go early. Best to reach there around 8-9am
4. Go to Marina Bay Financial Center (their HQ, you cannot do it in normal branch). You can go there via their MRT
5. Bring your IC, passport, Malaysia bank statement, bill statement (original, and photocopy), income tax receipt
6. Once there tell them you want to open DBS Multiplier account, DBS vickers and CDP. (yes you need to open all 3 account). You cannot choose one. There is no other way
7. Just keep pushing to open the account. Say you want to invest.
8. If they say cannot, tell them you want to speak to manager. (this is very important). You need to be persistent.
9. Be prepared to wait like 4h to open the account. Be patient. Don't show angry face or be keep pushing like why so slow?
11. Once ready, deposit your SGD3k
12. Good luck.

That's how I open my account at the height of 1mdb scandal. Not sure if things have change.

DBS way superior to CIMB. Cimb only good thing is rates to bring money back to Malaysia.

Try moomoo cash plus or tiger cash vault or moneyowl savers
https://blog.seedly.sg/cash-management-accounts-singapore/
You get the interest of FD without the need to lock up your money.

oh wow.. not sure if its worth my 4 hours of time

Only looking for more SG FD to park my SGD

Your call. Once you have that account, you have access to a multicurrency account that you can accept/send USD, GBP, AUD, etc.

This post has been edited by Ramjade: Mar 22 2023, 12:15 AM

even IDR too.

This post has been edited by ceo684: Mar 22 2023, 12:26 AM


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better than Wise?

Yes. Wise is restricted by Malaysian law that you cannot have more than RM20k inside. You got no such restriction with DBS account as Malaysian restriction does not apply to Singapore banks

In terms of exchange rate, I think wise wins no doubt.

wow nice. not sure if I have extra 4 hours to open an account or not

I think my gf will kill me if I slot this into the trip..

hopefully DBS have some sort of online account opening in future

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This post has been edited by TOS: Mar 22 2023, 08:19 AM

Just make a trip one day without her. For me it's worth it as I can get USD cashback from shopping online in US to be deposited into my multicurreny account and then transfer USD into Interactive broker at no cost.

Got. All sg banks have online application for people who have singpass (working/studying/staying there).

Please don't rub it in to people who got no pass. Be considerate. We know you got pass and able to open account easily. Some of us not so lucky.

Take a trip yourself or if she's really a long-term gf then she needs to understand.

This is about your potential financial future either together or with someone else.

It's better to be overprepared now than later be in a tough position and thinking "I should have opened that account in 2023 when I had the chance"

TOS that's why you see I post stuff so that ordinary Malaysian without priority banking access/working or studying in Singapore can have access to overseas stuff.

Just because someone is rich and have priority access they can open account easily. Normal people like me don't stand a chance if we don't have priority banking. That's why you don't see me promote anything priority banking way. My way are for normal working folks in Malaysia who just want to invest overseas.

This post has been edited by Ramjade: May 23 2023, 10:14 PM