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 Opening a Bank Account in Singapore

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Ramjade
post Jan 17 2017, 12:34 PM

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QUOTE(walkman660 @ Jan 17 2017, 12:28 PM)
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
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Which was your branch? I went to shah alam and after 1 month no news. Email maybank sg. They told me it never reached them
walkman660
post Jan 17 2017, 12:37 PM

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QUOTE(Ramjade @ Jan 17 2017, 12:34 PM)
Which was your branch?  I went to shah alam and after 1 month no news. Email maybank sg. They told me it never reached them
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erm Miri, Sarawak here. hopefully my one dun have any problem unsure.gif
if the maybank sg told u your application never reached them, perhaps you need check with maybank.my ? which is shah alam branch
Ramjade
post Jan 17 2017, 12:51 PM

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QUOTE(walkman660 @ Jan 17 2017, 12:37 PM)
erm Miri, Sarawak here. hopefully my one dun have any problem  unsure.gif
if the maybank sg told u your application never reached them, perhaps you need check with maybank.my ? which is shah alam branch
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There's only one big branch in shah alam.
walkman660
post Jan 17 2017, 01:46 PM

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QUOTE(Ramjade @ Jan 17 2017, 12:51 PM)
There's only one big branch in shah alam.
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what i mean is you definitely need to check with ur shah alam branch, sometime u know the staff might careless
gark
post Jan 17 2017, 01:55 PM

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QUOTE(Ramjade @ Jan 17 2017, 11:00 AM)
Because it's way cheaper than bank rates.
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That is correct, but declaration wise and money changer bad reputation for money laundering does not help. tongue.gif
Avangelice
post Jan 17 2017, 04:23 PM

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QUOTE(Ramjade @ Jan 17 2017, 12:51 PM)
There's only one big branch in shah alam.
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Ramjade. do you think fsm Singapore will accept this maybank SG account?
Ramjade
post Jan 17 2017, 04:29 PM

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QUOTE(Avangelice @ Jan 17 2017, 04:23 PM)
Ramjade. do you think fsm Singapore will accept this maybank SG account?
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Should be no problem. Heck even Malaysian account also they will accept (see how to pay - they accept TT). They are not fussy like Philips. But you pay platform fees every year. Regardless you buy or not. If you buy, kena charge 2x. current fund still with them + new fund which masuk.

https://secure.fundsupermart.com/main/faq/faq.svdo?id=6210#3
QUOTE
For Cash investments, you can do wire/Telegraphic Transfer as well. The details of the account that the telegraphic transfer can be found on the payment instructions you will see on the web page during the buy process.

Do take note that for TT payment to us, the clients will need to bear all TT bank charges.

If you want further details, please email us at clienthelp@fundsupermart.com


This post has been edited by Ramjade: Jan 17 2017, 04:36 PM
AIYH
post Jan 17 2017, 06:18 PM

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QUOTE(Avangelice @ Jan 17 2017, 04:23 PM)
Ramjade. do you think fsm Singapore will accept this maybank SG account?
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I asked before, they onyl accept internet bill payment from few banks only (DBS OCBC UOB SC), other than that you need to write cheque or TT

Not sure whether they have like FPX service in SG?
Ramjade
post Jan 17 2017, 06:24 PM

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QUOTE(AIYH @ Jan 17 2017, 06:18 PM)
I asked before, they onyl accept internet bill payment from few banks only (DBS OCBC UOB SC), other than that you need to write cheque or TT

Not sure whether they have like FPX service in SG?
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They accept TT what. So which means one can TT them the money.
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post Jan 23 2017, 04:30 PM

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QUOTE(walkman660 @ Jan 17 2017, 12:28 PM)
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
*
any idea if maybank sg charges for dormant acc? let's say open an acc but never do anything?
Ramjade
post Jan 23 2017, 04:47 PM

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QUOTE(alexanderclz @ Jan 23 2017, 04:30 PM)
any idea if maybank sg charges for dormant acc? let's say open an acc but never do anything?
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After open account, I will teach you a trick to prevent it from being dormant. Trick is FOC. tongue.gif
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post Jan 23 2017, 04:48 PM

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QUOTE(Ramjade @ Jan 23 2017, 04:47 PM)
After open account, I will teach you a trick to prevent it from being dormant. Trick is FOC. tongue.gif
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lol. share for everyone's interest la biggrin.gif
Ramjade
post Jan 23 2017, 04:57 PM

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QUOTE(alexanderclz @ Jan 23 2017, 04:48 PM)
lol. share for everyone's interest la  biggrin.gif
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Trick is get a Singapore account first. Without a SG bank account, this won't work. Then apply online for cimb fast saver. One does not need to keep any amount inside there (there's no min amount/min level for fall below fees) thumbup.gif

So eg got bank A, transfer to CIMB FS then transfer back to bank A via FAST. FAST is like our IBFT expect it's free. thumbup.gif Do that once a month to keep both account active biggrin.gif
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post Jan 23 2017, 05:00 PM

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QUOTE(Ramjade @ Jan 23 2017, 04:57 PM)
Trick is get a Singapore account first. Without a SG bank account, this won't work. Then apply online for cimb fast saver. One does not need to keep any amount inside there (there's no min amount/min level for fall below fees) thumbup.gif

So eg got bank A, transfer to CIMB FS then transfer back to bank A via FAST. FAST is like our IBFT expect it's free. thumbup.gif Do that once a month to keep both account active biggrin.gif
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this?
https://www.cimbbank.com.sg/en/personal/pro...er-account.html

it says minimum 1k sgd
Ramjade
post Jan 23 2017, 05:33 PM

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QUOTE(alexanderclz @ Jan 23 2017, 05:00 PM)
That's the min to open. After opening can remove the money.
Hansel
post Jan 23 2017, 06:06 PM

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Guys,.. if got 'tricks',.. better to use PM. When Sgp authorities keep seeing 'tricks' here and there,.. soon, they will set the criteria very high for opening and for maintaining an SG Acct..
TOMEI-R
post Jan 23 2017, 06:09 PM

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QUOTE(Hansel @ Jan 23 2017, 06:06 PM)
Guys,.. if got 'tricks',.. better to use PM. When Sgp authorities keep seeing 'tricks' here and there,.. soon, they will set the criteria very high for opening and for maintaining an SG Acct..
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Very true. So are the discussions to 'trick' bankers into letting you open an account without valid documents. Its still illegal anyway. tongue.gif
Hansel
post Jan 23 2017, 06:11 PM

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Hmm,... guys, forummers,... if you care abt others,.. pls practise what that is ethically and legally correct. Stay away from certain discussions.
Ramjade
post Jan 23 2017, 06:51 PM

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QUOTE(Hansel @ Jan 23 2017, 06:11 PM)
Hmm,... guys, forummers,... if you care abt others,.. pls practise what that is ethically and legally correct. Stay away from certain discussions.
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It's perfectly legal by cimb sg. Go read their fees pdf file.
Amount to maintain: no min amount
Fall below fees: nil

It's stated in their document in black and white. Even with maybank, just transfer the SGD500 to and fro from their account and back within the same day to "make it active"

DBS/ocbc/scb have cheap account you know which requires just SGD0/1000 to maintain.

One just need to read their fees.
ryan18
post Jan 23 2017, 10:38 PM

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so easy to open CIMB Fastsaver,now need to find RM 3k+ to fund this account within 30 days lol

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