used to be 10, now 5

Thanks. When I first started transferring RM to SGD, I compared Transferwise, Instarem and BigPay. They all yielded about the same $ amount. After that, I did not bother comparing anymore as Transferwise usually transferred within an hour. Must go and try compare again. Wonder is it because I transferred $10k each time instead of bigger amount 1 shot.
Bigpay took so long to transfer. Wow, from $10k become $5k now

Thanks. I wonder can anyone of them store foreign currency? Merchantrade can but the rate sucks big time

eh, DBS allows non-SG residents to open a bank account online?

If you are Malaysian, no Singapore residence  and no private banking, Just go to Maybank Singapore branches physically and open a banking account over there as long as you don't launder money.

actually with 1MDB, they should block high net worth individuals. Those with 10 millions etc...

not small fishes like us.

Not really, try again after COVID-19 outbreak is partially settled, in 2-3 months.

but why is his minimum sgd1000?

Don´t waste your time with hotlines, go to the preferred center and talk to your RM.

They asked for purpose of opening account

What reasons did you guys give?

Why did the Maybank staff told me it is not allowed lol

May I know when you guys opened the account? This year?

Saw someone posted here saying that they get charges few dollar when their balance is SGD500.
My question is, the initial deposit for CIMB SG Fastsaver is SGD1000, but how about minimum balance thereafter? Only see the no-fall below fee & no monthly account fee features for this account and no where to show the minimum balance.

hey guys, this question is for those who opened a CIMB FastSaver SG account but doesn't have a CIMB Malaysia account  or whoever has similar experience with it

i just signed up for CIMB FastSaver SG and I'm at part where I need to make a SGD1,000 deposit to get it activated.

i have been told time and time again that the direct TT fees from Malaysian Bank to Singapore Bank costs a ton so i'm looking to maybe use a 3rd party app (InstaREM/TransferWise/etc) to make the transfer.

however, i have also been told that for the initial SGD1,000 transfer for account activation, transfer via 3rd party apps is not allowed, i.e. they want the money transferred from an account under YOUR name for verification purposes which i guess i understand. subsequent transfers into CIMB SG via 3rd party apps are fine.

that said, have anyone here risked it and transferred the SGD1,000 activation deposit into CIMB SG anyway with a 3rd party app? i mean, the account number has already been created anyway.

separately, how much fees did you incur when you direct TT transferred the SGD1,000 from Malaysia to CIMB SG (either from CIMB Malaysia or other Malaysian banks)?

if it helps with answering this question, I currently have an AmBank Malaysia and StanChart Malaysia bank account. I do really want to avoid opening a CIMB Malaysia account but if the general answers that come in says that the CIMB MY -> CIMB SG rates are better than 3rd party apps, I may just have to cave and open one anyway

Do u mean the CIMB Basic Savings Account 1 with no annual fee? Can i use CIMB click/online for this basic savings account?

Ok. I will apply the basic savings account with no annual fee.

What is an opening fee? I do not need to travel to SG because i am a SG PR therefore i can just apply CIMB FastSaver through online.

I wana transfer some funds from Singapore bank to Malaysia. Heard the rates of Cimb FastSaver is quite good (not referring to TT wiring). But Cimb Fastsaver also need a Cimb Malaysia savings account to link in order to do the transfer. But they did not mention which Cimb saving account in Malaysia. I called Cimb MY but she was not aware of this Cimb FastSaver.

I have just applied the Cimb FastSaver using my Singpass. I have also applied Cimb Basic savings account thru online. They require me to bring mykad to any Cimb branch for verification. Hopefully can link these two savings together so i can transfer my SGD to my Malaysia account.

Yes, i have DBS and OCBC savings account in SG therefore i am planning to transfer S$1000 into my Cimb FastSaver to validate my account.

I am currently using M1 remit but the currency rate is not that good even though the service fee is cheap. (Eg. Internet currency rate S$1=Rm3.08; M1 Remit is S$1=Rm3.059).
Singtel Dash have better rates but there are too many limitations.

So now i wana give Cimb Fastsaver a try because heard alot of good reviews that it offers best currency rate.

CIMB fastsaver sg transfer to others msia bank can ? how the rates

i can use my cimb msia acc to transfer any amount to activate cimb fast saver sg or min need sgd1k ?

Ohh i see.. Then i better start switching some of my SG funds to MY if the CIMB rate is good now.

I am a Malaysian so i have Malaysian IC. I will go to the CIMB branch tomorrow to validate my MYKAD.

Hi,

Just applied for Fastsavers account and pending linking approval to my Malaysian account.

Has anybody applied for the Fastsavers ATM card? Was wondering if it can be done just for ease of withdrawal in case i travel to Singapore and need funds

Hi all, yesterday just signed up for CIMB fast saver account. And I already linked MY CIMB to SG CIMB. Havent fund it with 1000sgd yet.

just want to ask, can I fund the fast saver account with my friend's SG account? meaning I ask him to transfer 1000sgd to my CIMB fast saver account, then i will pay him ringgit in Malaysia to his account. or must i fund it using my linked CIMB Malaysia account?

Also, is this account fully activated already? can i start using it or have to wait someone to call me first ?

thanks a lot

Ok, I see, Thanks for the reply. I have a friend funded it with Foreign telegraphic transfer from cimb Malaysia without linking it.  Does that also serve the KYC purpose?

The exchange rate that cimb offer is quite bad. Seems like I have no way to work around with it.

didn't know instagram offer that service.