QUOTE(Ramjade @ Jan 23 2017, 06:51 PM)
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.
Perhaps so, but continuing to repeat this demonstrates the acct-holder's character, and his intentions,...being not to open the acct for transactions, butto open one just waiting to see if a usage would come along later on. In the meantime, while waiting, the acct holder can just use these legal techniques to circumvent the productive objectives of opening an acct...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.
As an experienced acct-holder in Sgp, I would advise not to reiterate on these 'legal' techniques too much, if you care abt others. That's all there is to it.
This post has been edited by Hansel: Jan 23 2017, 10:57 PM
Jan 23 2017, 10:54 PM

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