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 Opening a Bank Account in Singapore

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Ramjade
post Jan 19 2024, 10:50 PM

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QUOTE(privatequity @ Jan 19 2024, 10:13 PM)
maybank singapore good? if im already a maybank malaysia customer, how to open maybank singapore ya?
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No good. Need to lockup min SGD 500. Lousy exchange rate if you want to bring money back.
privatequity
post Jan 20 2024, 12:16 AM

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QUOTE(Ramjade @ Jan 19 2024, 10:50 PM)
No good. Need to lockup min SGD 500. Lousy exchange rate if you want to bring money back.
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if i wan to open a sg bank acc in malaysia, which better ya? or what way better?
Ramjade
post Jan 20 2024, 12:48 AM

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QUOTE(privatequity @ Jan 20 2024, 12:16 AM)
if i wan to open a sg bank acc in malaysia, which better ya? or what way better?
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CIMB sg. No minimum amount. Good rates to bring money back to Malaysia. If you want pure sg bank, only option is ocbc sg (online). Heard uob can open if you are a priority customer.
privatequity
post Jan 20 2024, 12:51 AM

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QUOTE(Ramjade @ Jan 20 2024, 12:48 AM)
CIMB sg. No minimum amount. Good rates to bring money back to Malaysia. If you want pure sg bank, only option is ocbc sg (online). Heard uob can open if you are a priority customer.
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thanks! good rate to bring money back to Malaysia u mean when i transfer SGD from cimb sg to MYR to cimb my, better rate? is that the rate u r referring to?
Ramjade
post Jan 20 2024, 12:58 AM

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QUOTE(privatequity @ Jan 20 2024, 12:51 AM)
thanks! good rate to bring money back to Malaysia u mean when i transfer SGD from cimb sg to MYR to cimb my, better rate? is that the rate u r referring to?
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Yes. CIMB Sg have good rates if you want to convert SGD and bring back to Malaysia.
theevilman1909
post Jan 20 2024, 10:49 AM

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QUOTE(Ramjade @ Jan 20 2024, 12:48 AM)
CIMB sg. No minimum amount. Good rates to bring money back to Malaysia. If you want pure sg bank, only option is ocbc sg (online). Heard uob can open if you are a priority customer.
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UOB Malaysia Priority Customer? Correct?
Ramjade
post Jan 20 2024, 11:20 AM

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QUOTE(theevilman1909 @ Jan 20 2024, 10:49 AM)
UOB Malaysia Priority Customer?  Correct?
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Do t k ow how UOB works. I know standard chartered require both side to be priority. Anyway priority is just for showing off and unless you have too much money and don't know what to do with it, not really worth it.

This post has been edited by Ramjade: Jan 20 2024, 11:20 AM
theevilman1909
post Jan 20 2024, 12:44 PM

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QUOTE(Ramjade @ Jan 20 2024, 11:20 AM)
Do t k ow how UOB works. I know standard chartered require both side to be priority. Anyway priority is just for showing off and unless you have too much money and don't know what to do with it, not really worth it.
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No issues. Just looking at available options
Since you're knowledgeable on this 👌
Ramjade
post Jan 20 2024, 01:16 PM

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QUOTE(theevilman1909 @ Jan 20 2024, 12:44 PM)
No issues.  Just looking at available options
Since you're knowledgeable on this 👌
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My ways are for ordinary people without access to priority banking cause not everyone have priority banking or wants to have priority banking.
BenChiew
post Jan 22 2024, 01:20 PM

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Try HSBC. No fees for inter country transfer.
Medufsaid
post Jan 22 2024, 01:33 PM

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BenChiew fees is one thing, how much did HSBC markup their FX rate? can compare against midvalley here https://cashchanger.co/malaysia/mc/max-mone...ey-megamall/520
Ramjade
post Jan 22 2024, 02:12 PM

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QUOTE(BenChiew @ Jan 22 2024, 01:20 PM)
Try HSBC. No fees for inter country transfer.
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Not to mention priority banking means burning money by buying useless banking product or locking up your money with the bank.
babyscouts
post Jan 22 2024, 04:56 PM

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QUOTE(Ramjade @ Jan 22 2024, 02:12 PM)
Not to mention priority banking means burning money by buying useless banking product or locking up your money with the bank.
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Agree
Both RM HSBC from SG MY push their useless product will further burn your money
Fake ads free exchange but markup their crazy rate (HSBC RM confess to me)

iSean
post Jan 26 2024, 08:55 PM

iz old liao.
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[Application of OCBC SG Debit Card - 360 Account after using OCBC Digital]

After near 6 months, I finally managed to go to Singapore OCBC Branch and process and obtain my OCBC Debit Card (Linked to 360 Account)!

user posted image

- Need to bring your Passport and Malaysian NRIC (They will scan Malaysian IC only)
- Details about your Malaysian Address
- Your Yearly Salary in SGD
- Digital Signature on the Card.


So for those people, who accidentally created the OCBC SG 360 Account via Web Portal. You are prompted to fill in a FIN Number. Otherwise, you are required to Travel to Singapore any OCBC Bank and Open up an Account.

Otherwise, please be careful when registering your OCBC SG 360 Account, if you aim for a Debit Card!
Medufsaid
post Jan 29 2024, 04:06 PM

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TOS for CIMB "fake" FD promo, do u receive some interest at the start of the month? separate from the monthly 20th one
SUSTOS
post Jan 29 2024, 04:13 PM

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QUOTE(Medufsaid @ Jan 29 2024, 04:06 PM)
TOS for CIMB "fake" FD promo, do u receive some interest at the start of the month? separate from the monthly 20th one
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Hi bro, I received my base interest payment on the 31st of December last year (2023) whereas the bonus interest was paid on the 19th of January 2024.

Both according to schedule, nothing wrong for me.
Medufsaid
post Jan 29 2024, 04:16 PM

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i received something on
30-Nov-2023 INTEREST CREDIT
so that's weird to me
SUSTOS
post Jan 29 2024, 04:20 PM

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QUOTE(Medufsaid @ Jan 29 2024, 04:16 PM)
i received something on
30-Nov-2023 INTEREST CREDIT
so that's weird to me
*
Err, that's the base interest payment for November 2023, no?

I received the base interest on the same date as yours too. Nothing wrong with that, right?

Base interest for the prevailing month is paid at the end of the month whereas the "bonus interest" is paid 20 days later in the following month.
Medufsaid
post Jan 29 2024, 04:27 PM

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ah thanks..
QUOTE
First S$25,000

1.50%
QUOTE
*Interest accrued daily and credited monthly. Daily interest will be paid on the entire daily balance, provided that the balance is at least S$1,000 in your CIMB FastSaver Account on any given day.


This post has been edited by Medufsaid: Jan 29 2024, 04:28 PM
SUSTOS
post Feb 1 2024, 08:05 AM

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CIMB SG Fake 3.5% promo officially ended yesterday for those started in August 2023. Those with huge savings may now pull your funds out in search for better alternatives...

Those started in September 2023 still have one more month to go.

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