K no females. Only she-males. Lol.

This post has been edited by TOMEI-R: Jan 15 2017, 05:49 PM

Congrats on opening,...

What do you guys intend to do with your SG bank accts now ?

linked to brokerage account to receive dividends.

Suggest some good investments over at Sgp please.

S-REITS, their UT (much superior than ours), access to worldwide ETF.

disclaimer: not a buy call. trade at your own risk.

This post has been edited by ShinG3e: Jan 16 2017, 04:04 PM


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Something with lower risk. But FDs are only 1.28% max over in Singapore.

bonds?

i particularly like FSM's SG Fidelity Asian HY AMDIST SDG Hedged. but entry SGD10k minimum. pretty good returns with distribution monthly.

SG Govt Bond. 2.4% pa effective after 10 years.

http://www.dbs.com.sg/personal/deposits/sa...-visa-debit-faq

DBS enhanced DBS Visa Debit card + multi currency savers account
Basically if you have foreign currency in your multi currency account you can use it for POS/online txn at no fees

Correction. Now DBS is charging commission (min SGD10/x% - depending which one is higher) for deposit & withdrawal of foreign currency notes.

Yes that is correct but if you already have foreign currency in the account it's free of charge


Are there any fees when I transact in foreign currency using my MCA-linked DBS Visa Debit Card?
There will not be any additional foreign currency conversion fees for your point-of-sale or online purchases.

Guys want to ask, is it true if you TT SGD into DBS account, they will deduct SGD10 as commission?

This post has been edited by Ramjade: Jan 17 2017, 10:39 AM

Yes got incoming TT fees.

Ya. I just saw on their pdf file. Any banks don't charge this? (CIMB SG waived it) Also, if transfer via money changer will get black listed by MAS?



This post has been edited by Ramjade: Jan 17 2017, 10:48 AM

Not by MAS, but risk BNM.. because if you transfer >RM 10K you need to declare.

But still many people do that.. mostly to escape reporting to BNM.

Cause some people told me that money from money changer may be dubious so MAS will flagged it then become problematic for you in SG.
Nowadays money changer let one person transfer max RM50k only.

Still depend on your amount you transfer. IF really MAS has flagged your account, it will be frozen until you can explain.

Yes money changer transfer is always suspicious by both MAS and BNM, otherwise why transfer through this method.

BNM has already removed several money changer license recently due to reporting violations.

And the illegal money transfer case by 1MDB does not help the situation at all.

This post has been edited by gark: Jan 17 2017, 10:57 AM

Because it's way cheaper than bank rates.

latest update here , i just open a maybank.sg account in the main branch in my area, and the super friendly staff told me that 1 month is needed for sg branch to mail everything to me, So, if anyone interested to open a maybank.sg account, do the following:
(1) go to main branch (save time)
(2) bring IC
(3) make sure u have maybank.my bank account with you
(4) no need bring any cash as the bank will directly debit from your account (500 SGD)
P/S: rate is 3.17xx : 1SGD , for 500 SGD (as of 17/1/2017) , you'll need to pay around RM1600