Poor people are always discriminated by bankers

Citibank to close last branch in Singapore in October amid shift to wealth hubs

(no paywall) https://www.straitstimes.com/business/banki...-to-wealth-hubs

Hi guys, just created OCBC SG account. It was fine to receive and send money during the 1st day I set it up. After about 2 weeks, it seems like I cannot even receive money in this account. Anyone faced similar issue before?

maybe can try shoot a secure mail and ask. never happened to me, yet.

Cannot use that way anymore Cimb not earning money. Only way is cimb Malaysia or as intended local sg bank account under your name.

That’s sad for the first transfer verification purpose as the exchange rate to transfer from cimb Malaysia to own cimb Singapore account is ridiculously high at 3.33+ as compared to the real exchange rate at 3.27+ ..

That’s sad for the first transfer verification purpose as the exchange rate to transfer from cimb Malaysia to own cimb Singapore account is ridiculously high at 3.33+ as compared to the real exchange rate at 3.27+ ..

go for these alternatives

• ocbc SG. ask the regulars here who use OCBC for referral codes
  
  
• MBB sg
  
  

once you created with either of them, u can then create a CIMB sg acct by doing a free local bank transfer.

before OCBC/MBB sg -> you need CIMB sg more than they need you
after OCBC/MBB sg -> you now have the high ground. it's only CIMB sg's loss if they didn't open acct for you

The cheapest way from cimb to cimb Singapore is via DuitNow (CIMB is inaccurate here. DuitNow for MYR-to-MYR only) / transfer only right

That’s sad for the first transfer verification purpose as the exchange rate to transfer from cimb Malaysia to own cimb Singapore account is ridiculously high at 3.33+ as compared to the real exchange rate at 3.27+ ..

Hi everyone, i am looking to open an account in sg, preferrably with debit card

just a small update/ info furnishing, to those who opened an OCBC SG account via OCBC Digital account opening (MyKad and Malaysian passport), you ARE considered as a non-resident.

you will need to maintain SGD $20,000 after the first year of account opening or else you will be charged a fall below fee every month.

i opened a Monthly Savings Account alongside that account and i visited a branch to close the Statement Savings account and the Global USD account will be closed too.

i furnished my work document and passport, i am considered a resident in Singapore and no point for me to keep the Statement Savings account + Global USD account hence why i closed the account.

i was informed that you have to close the account in person

Dear sifu,

In order to get the best SGD-MYR exchange rate, I went to open CIMB at MY & SG.

I have opened CIMB FastSaver online.
MY side, despite claiming that it can be done competely online, they asked me to go to branch to complete the online registration.

The issue now is that I applied online to open Basic Savings  without Annual Fee but the branch staff changed the account to EcoSave-i without my consent. After finding it out, I asked why change as it comes with annual fee.

She claimed that Basic Savings Account cannot be linked to CIMB SG. Is this true? Any sifu here who has a Basic Savings Account and linked it to CIMB SG?

I have. The bank officer lied to you. My account have always been cimb free basic savings account.
You should have open cimb Malaysia first. Then only open CIMB sg. Then only link.

Don't tell the bank officer anything about CIMB sg. Just tell them you want to open cimb free basic savings account. After 6 months just close the ecosave -i account.

Just an update:

RM20000 to SGD

Wise: 6,179
MoneyMatch: 6201 (+ RM5 fee)
SunwayMoney: 6208 (+ RM8 fee)

So today is SunwayMoney the best. Immediately transferred some more. Thanks everyone!