Opening a Bank Account in Singapore
Opening a Bank Account in Singapore
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Sep 2 2024, 04:48 PM
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Senior Member
2,115 posts Joined: Mar 2009 |
Which cimb Malaysia account the cheapest to open? As I need it before can open cimb Singapore account, thanks
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Sep 2 2024, 04:55 PM
Show posts by this member only | IPv6 | Post
#5862
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Senior Member
8,667 posts Joined: Aug 2019 From: Penang <-> Singapore |
QUOTE(adam1190 @ Sep 2 2024, 04:48 PM) Which cimb Malaysia account the cheapest to open? As I need it before can open cimb Singapore account, thanks Basic Saving Account (BSA), the one mandated by BNM and will never be promoted to new customers https://www.bnm.gov.my/documents/20124/5579...ng_services.pdf |
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Sep 2 2024, 05:06 PM
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Senior Member
2,115 posts Joined: Mar 2009 |
QUOTE(TOS @ Sep 2 2024, 04:55 PM) Basic Saving Account (BSA), the one mandated by BNM and will never be promoted to new customers Thanks a lot https://www.bnm.gov.my/documents/20124/5579...ng_services.pdf |
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Sep 3 2024, 09:03 AM
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Senior Member
3,491 posts Joined: Jan 2003 |
adam1190 you might want to open MBB sg ar-rihla acct first. Since CIMB wants S$1,000 to be either transferred from CIMB MY or other local sg banks. Wise not accepted for CIMB sg verification This post has been edited by Medufsaid: Apr 24 2025, 03:16 PM adam1190 liked this post
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Sep 5 2024, 03:06 PM
Show posts by this member only | IPv6 | Post
#5865
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Senior Member
8,667 posts Joined: Aug 2019 From: Penang <-> Singapore |
CIMB SG cut rates across the board! https://www.cimb.com.sg/en/personal/importa...ates-oct24.html First 25k rate drop from 1.5% p.a. to 1.19% p.a. sam93xxxxx liked this post
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Sep 10 2024, 03:25 PM
Show posts by this member only | IPv6 | Post
#5866
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Senior Member
2,115 posts Joined: Mar 2009 |
QUOTE(Medufsaid @ Jan 9 2024, 08:50 PM) If I don’t have a Singapore number, can still use DuitNow overseas transfer? I tried searching past topics but cannot find any relevant information.By the way, is it possible to do wise transfer from my Maybank Malaysia to Maybank sg account for the initial deposit? |
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Sep 10 2024, 03:31 PM
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Senior Member
3,491 posts Joined: Jan 2003 |
adam1190 in maybank sg, try to find the place to add PayNow number. just key in your malaysian phone number adam1190 liked this post
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Sep 10 2024, 03:33 PM
Show posts by this member only | IPv6 | Post
#5868
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Senior Member
2,115 posts Joined: Mar 2009 |
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Sep 10 2024, 03:44 PM
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Senior Member
8,667 posts Joined: Aug 2019 From: Penang <-> Singapore |
QUOTE(adam1190 @ Sep 10 2024, 03:33 PM) No annual fee charge. (Used to have iSavvy account at Maybank SG.) adam1190 liked this post
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Sep 10 2024, 05:17 PM
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#5870
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Senior Member
2,115 posts Joined: Mar 2009 |
QUOTE(Medufsaid @ Jul 16 2024, 10:39 PM) looks like MBB sg can have more competitive rates when remitting back to Malaysia sometimes (don't worry, CIMB sg will refund the difference if u show proof https://www.cimb.com.sg/en/personal/promoti...sfer-promo.html ) Does anyone know what’s the diferrence in Sgd to myr exchange rate between maybank sg and cimb sg in general ?Thanks a lot 🙏https://www.reddit.com/r/singaporefi/commen..._rate_is_a_lie/ » Click to show Spoiler - click again to hide... « This post has been edited by adam1190: Sep 10 2024, 05:41 PM |
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Sep 10 2024, 06:47 PM
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Senior Member
3,491 posts Joined: Jan 2003 |
adam1190 what sg bank accounts you've opened so far
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Sep 10 2024, 07:01 PM
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#5872
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Senior Member
2,115 posts Joined: Mar 2009 |
QUOTE(Medufsaid @ Sep 10 2024, 06:47 PM) Planning to open Maybank sg as I am currently Maybank Malaysia holder and I am not able to open cimb Malaysia account as I am offshore..So wanted to see the difference in exchange rate between Maybank and cimb when converting money from SGD to MYR.. This post has been edited by adam1190: Sep 10 2024, 07:02 PM |
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Sep 10 2024, 08:32 PM
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Junior Member
664 posts Joined: Jun 2017 |
QUOTE(adam1190 @ Sep 10 2024, 07:01 PM) Planning to open Maybank sg as I am currently Maybank Malaysia holder and I am not able to open cimb Malaysia account as I am offshore.. i have a MBB SG.So wanted to see the difference in exchange rate between Maybank and cimb when converting money from SGD to MYR.. Wise or Instarem exchange + fee has always been better every time i want to perform the exchange compared to MBB SG TOS liked this post
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Sep 10 2024, 09:31 PM
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Senior Member
3,491 posts Joined: Jan 2003 |
QUOTE(adam1190 @ Sep 10 2024, 07:01 PM) can always check CIMB SGD-to-MYR rates here https://www.cimbclicks.com.sg/sgd-to-myr (please check during office hours only, more expensive during night time)![]() once you created MBB sg account https://www.maybank2u.com.sg/en/personal/cr...casa/index.page you can straightaway create CIMB sg acct, & activate by depositing S$1k from MBB sg. Opening CIMB MY acct + linking with CIMB sg can be done once you returned to malaysia This post has been edited by Medufsaid: Jul 18 2025, 04:31 PM adam1190 liked this post
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Sep 10 2024, 10:06 PM
Show posts by this member only | IPv6 | Post
#5875
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Senior Member
2,115 posts Joined: Mar 2009 |
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Sep 10 2024, 10:14 PM
Show posts by this member only | IPv6 | Post
#5876
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All Stars
24,347 posts Joined: Feb 2011 |
QUOTE(adam1190 @ Sep 10 2024, 10:06 PM) Yes and no. You need Instagram Singapore. Not worth to use Instagram. Expensive. adam1190 liked this post
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Sep 10 2024, 10:28 PM
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Senior Member
8,667 posts Joined: Aug 2019 From: Penang <-> Singapore |
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Sep 10 2024, 10:37 PM
Show posts by this member only | IPv6 | Post
#5878
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All Stars
24,347 posts Joined: Feb 2011 |
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Sep 11 2024, 08:53 AM
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Senior Member
924 posts Joined: Aug 2013 |
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Sep 12 2024, 12:05 PM
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Senior Member
7,616 posts Joined: Mar 2009 |
QUOTE(Medufsaid @ Apr 26 2024, 01:28 PM) influencers should always make sure their info is correct, if outdated, have to immediately retract their posts/videos. no harm in trying out the old Wise method, just need to wait for phone call only. Hey sorry need to ask, can mbb sg transfer to ibkr? Is it cheaper than cimb sg?my friend's experience was this
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