but wun be 'holding' usd in cash when i sell right?

Use moneymatch. Remit on weekday 9am and it'll appear in sg bank by lunchtime. If under RM3k, can use duitnow overseas transfer

btw, what are the minimum balance required for both your ocbc acct?

Use ocbc or mbb Singapore, cimb sg not part of duitnow

If you need to send S$850 and above just use moneymatch as it'll be cheaper

Duitnow only worth it for sub$850

i see..

how about mobile number used? can register in our m'sian mobile number to say, our OCBC SG account, and received SGD through duitnow transfer?

I guess the diff is all the misc fees we need to pay ofr the multi currency acc.... bank needs to make a profit all the time! However need advise from all sifu here..... if i open SG CIMB acc purely just for FD purposes is it worth it? can i use CIMB SG as my core base and transfer the amount to other banks FD in SG? or to have an FD in SG it is mandatory to open a savings account first b4 depositing the FD amount?

FD interest won't stay high. If you have been around long enough you will know before COVID, the rates are only 1.x%p a. What then?

Singapore FD rarely on par with Malaysian rates in the olden days.

yes ive  been around that long enuff...... yeah its pathetic back then 1.xx % only..... but now its almost 3.4% but for 3 mths only.... worth it to open an sg acc just for FD purposes?

Tried registering for an account for OCBC Digital, tried many different phones also cannot scan my passport
Pass through custom scan ok, but iPhone scan cannot.
Fuck CIMB though i don't want to make an account through them.

i actually don't want to create CIMB sg acct

• i don't have a CIMB MY acct so opening CIMB sg means i have to open 2 accts
  
• my friend's CIMB MY was hacked via debit card so I actually saw the trx on his app with my own eyes
  

in the end, i still did it due to

• the only acct that I can open without leaving MY & without minimal fallback fee is CIMB sg
  
• CIMB SG->MY internal rates are very good
  

after so many months still same issue huh

FD interest won't stay high. If you have been around long enough you will know before COVID, the rates are only 1.x%p a. What then?

Singapore FD rarely on par with Malaysian rates in the olden days.

Last time fixed deposit rate normally at what rate? Like from year 2010 to 2019 precovid? All the while 1.2  to1.5%?

is the duitnow overseas transfer only applicable to participating banks in SG such as OCBC?

if CIMB SG, able to transfer MYR to SGD using duitnow overseas transfer?

Use ocbc or mbb Singapore, cimb sg not part of duitnow

If you need to send S$850 and above just use moneymatch as it'll be cheaper

Duitnow only worth it for sub$850

i see..

how about mobile number used? can register in our m'sian mobile number to say, our OCBC SG account, and received SGD through duitnow transfer?

yes, i can confirm that you can use a Malaysian phone number for OCBC Singapore and to receive money via DuitNow

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.