https://www.hsbc.com.sg/international/open-an-account/

I'm curious too.
The website suggests that it accepts applications from non residents

you mean this?

Applying via HSBC EasyID
You'll need:

an original identity document — such as your Singapore NRIC, Malaysia MyKad, or your passport
proof of your latest address — such as a utility bill, phone bill, government-issued identity documents or bank statements — that clearly indicate your name and Singapore residential address.

Never say never. We just need someone who's willing to spend effort/time to tryout until hit roadblock

HSBC SG, i have checked all their bank account. all have high min deposit and high Minimum average daily balance



This post has been edited by john123x: Jun 10 2024, 12:15 PM

that being said, any reason to choose them over ocbc?

del

This post has been edited by john123x: Jun 10 2024, 02:13 PM

Yes, if you have enough for HSBC Premier in Malaysia, you automatically get premier status in Sg - with no need to keep minimum balance in Sg

hksgmy only RM200k to gain premier status in M'sia 🤯🤯

looks like a viable option for those high roller who want to remit 6 digits ringgit to SG

This post has been edited by Medufsaid: Jun 10 2024, 08:53 PM

Yes, one of the lowest requirements. It’s SGD250,000 in Singapore and AUD200,000 in Australia. I was previously domiciled in Singapore, but seeing how Australia needed a lower figure, I moved it over there and domiciled it in Sydney instead.

Same goes with Stand Chart also. But I cancelled mine this year already after 3 yrs 🥹

Because of the Stand Chart priority status, they’ll assist you to open SG/HK account

This post has been edited by ShinG3e: Jun 10 2024, 11:36 PM

Standard charged told me you need to have priority both places. Anyway I won't waste my time with priority banking. Lol.

Things changed? I opened mine on 2021.

To be frank, their priority service is getting shittier day by day. Make 0 different when i opt out 🥹

Still looking into DBS

2017 time. Still student that time.
DBS got very good priority service that no banks got.
DBS MTRL. The interest is really low last time. Not sure about now. But need SGD500k.

If there is one priority that I want to get, it wine with DBS. Lol.

This post has been edited by Ramjade: Jun 10 2024, 11:58 PM

Lemme open the basic acc first with dbs then i’ll close the sc lol.

$500k doable but abit more wasteful if just leave it restricted, unless, they count shares value into the $500k

I believe they do

DBS priority, aka DBS Treasures, requires only SGD350,000 to open and the same amount needs to be maintained. The $350,000 can be in deposit or investments.

DBS private requires $5m.

I’m also thinking of closing my SCB priority… you are right, shitty service.

Have an interesting question.

Are non residents able to buy life insurance policies in Singapore?

For example, Malaysians working in Malaysia.

Singaporean policies offer more protection per equivalent unit of premium paid

Yes can. You will need to travel down and sign the documents. When you file claim may need notary sign. They also have term and whole life. With term being cheaper. You can choose coverage for xyz years or say max 20 years Vs full for life. Of course for life is going to be more expensive.

Also keep in mind premium will be in SGD which means it will be increasing with time if you are paying with RM.

Also some company want the cases to be in Singapore itself only. Eg. Some critical life illness insurance need to diagnosed in Singapore hospital. Some accept worldwide on condition it is in English.

This post has been edited by Ramjade: Jun 13 2024, 07:15 AM

Just an update that I gotten my OCBC 360 debit card on 29th May via airmail.

*i have forgotten about it until I read through this topic now.