Here u go. Referral code deleted already. Hahahaha

Happy to share that I have successfully opened my OCBC Singapore account with just my IC and Passport.

The process of applying through the app is a bit a pain in the ass, as needs to do several times for the app to accept my IC. Tips, the ic can be slightly outside the rectangle.

Took about 3 working days for the account to be approved. Was given Global Savings Account and Statement Savings Account.

Initial deposit required is just SGD1000, it can be from your Singaporean bank account or Malaysian bank account. I already have Maybank SG account. So this is very seamless.

Despite the T&C showing initial deposit for non-resident Statement Savings Account is SGD20k. I just needed to deposit SGD1k. Not sure if this only applies for Malaysians or what.

Regardless, even if the fall below fee for non-resident Statement Savings Account which is 20k is imposed as per T&C (no fee for first year), don't worry, we can go around this.  cool2.gif

Once you have access to the OCBC SG online banking, you can immediately apply for other accounts like OCBC 360 (minimum balance 3k) or OCBC Frank (minimum balance 1k), Monthly Savings account (minimum balance 500) or other OCBC SG accounts. I prefer OCBC 360. I will close Statement Savings Account after this.

So for all Malaysians residing in Malaysia, with no SG pass whatsoever. Right now we have 3 easy options for SG bank accounts (Maybank, CIMB and OCBC), everything done online, super easy.

Unless you need an SG bank debit card, one can just use CIMB SG and OCBC SG. Maybank SG has securities issues with their debit card, let alone having to lock up 200-500 SGD of funds aside... Not a really attractive offering.

Just wondering though, why would one need more than 1 SG bank account? I have Maybank iSavvy and I don't see any need to have more than 1 account though.

a Singaporean debit card is quite useful when you're in Singapore, although you can also use OCBC Cashless withdrawal if one has already opened an account.

a Singaporean debit card is quite useful when you're in Singapore, although you can also use OCBC Cashless withdrawal if one has already opened an account.

so is moomoo still the best place to park idle funds at minimal risk via fullerton sgd cash fund?

No need. Use tng ewallet or bigpay. I use that last time. Never need ATM or debit card.

Yes. Malaysians without sunglass cannot open moomoo. Reason is moomoo is coming to Malaysia soon. When? Dont know. Supposed end of 2023.

i see. have been neglecting my small sg idle money. i have moomoo, endowus, syfe and stashaway sg, so i wonder

TnG ewallet can hold SGD?

i see. have been neglecting my small sg idle money. i have moomoo, endowus, syfe and stashaway sg, so i wonder

No need. Use tng ewallet or bigpay. I use that last time. Never need ATM or debit card.

MYRSGD comparison post as of today afternoon

RM 3.494792 market mid-rate as verified by Wise

S$850 (closest approximiation of RM3k DuitNow Int transfer, since not allowed to key in MYR for DuitNow Int Transfer, only SGD amount)
S$8562 (simulate RM30k)

	S$850	S$8562
DuitNow	RM2979.32	RM30010.52 (for comparison only, since can only remit RM3k daily)
MoneyMatch	RM2978.22 + RM5	RM29999.43 + RM5
sunway money	RM2987.23 + RM8	RM30077.13 + RM8
wise	RM2991.41	RM30135.65
bigpay	RM2995.79	RM30135.54

Finally the ordeal is over, took CIMB SG 24 days to open a savings account.