I know you can open a UOB Bank Singapore account without going to Singapore but i think it applies only to the UOB SG Privilege Account and UOB SG Private Banking Account. For normal account, you will still need to go to Singapore yourself but as i said earlier, there is no guarantee that they will open the account for you if it is a normal account. For UOB Privilege or UOB Private Banking Account, it usually is no problem and the opening of either of these two accounts can be done through email+DHL

This post has been edited by MilesAndMore: Nov 20 2012, 01:12 PM

lof courser cqn lq they have MAYBANK THERE TOO

Here is the information:

Privilege account:

2. MEMBERSHIP
To qualify as a UOB Privilege Banking customer, you must maintain at all times a minimum required monthly cash deposit and/or investment balance of S$350,000 (or its equivalent in a foreign currency) as the Bank may decide from time to time in any of your accounts.


Private account:

Duno

Do note that there is no fall below fee for this account.


SGB5 Million to qualify. It used to be only SGD2 Million last year.

whats the latest update on banking in singapore?

for malaysian just need a passport and NRIC to open with local singaporean bank. international banks such as hsbc and citibank has stricker rules

I currently use standard chartered for saving(higher interest) and trading(lowest commission), they claim can do internet transfer to msia sc account but I didn't try it.

what do you mean by can do internet transfer to Malaysia sc account? u mean we can't transfer to any other Malaysian bank other than sc?

I am not sure, you have to find out. I guess you save the TT cost, just pay the FX spread.
http://www.standardchartered.com.sg/person...ine-banking/en/

Hi guys,

To to share this comparison done on 22-jan-13.

I would say UOB would be a better choice, as it has a low min balance before the fees are applied.

To add on something which isn't listed. Opening of bank accounts in SG MUST have a working pass and subject to banks approval.




This post has been edited by jex-koi: Jan 22 2013, 10:39 AM

confused here. so is it can or cannot for foreigner with no PR/permit to open an account there?

That is not true.

then which bank in SG will allow you to open w/o working pass or other passes (e.g. S-pass) ?

Singapore has tighten the conditions for foreigner to open an account since last year. Now it is quite dfficult to open a savings account even you have a work permit. PR still ok.

Still not entirely true. Singapore after all, is still one of the biggest offshore banking centres in the world and it still aims to be the preferred offshore banking centre to foreigners. It is still very easy for foreigners with no work permit or right of abode to open an account. Just the the minimum deposit they may request from you is not just the usual $250, $1000 or $5000.

Then I should rephrase: Now It is only rich foreigner can open accounts

My friend wan to open the account with sgd 400k get rejected by the bank. He is neither work nor live in Singapore.the bank is DBS. could anyone let me know what is the reason ya?

Can't comment anything on why they turned your friend down. But there are many other banks he can try and Citibank Singapore is one of the many options available. They have a special division for offshore banking and the minimum deposit is only USD5,000. But since your friend has SGD400,000, they will most likely suggest him to open a Citibank IPB Singapore Citigold account instead. These giant international banks also prefer to open this kind of big account, hence the chance of your friend to be able to open this account is brighter as well.

i went to DBS for open account, i hv pass here.so no problem.
but i also see in the borchure, there is an option for foreigner who doesnt hold any visa to open an account there.

to share my personal exp.

Checked with hsbc, maybank, uob, and dbs. Only hsbc, maybank, and uob gave a consistent answer of needing some sort of work permit/passes or requirements listed on their website.

As for dbs, the requirements on the website seems to be a 'guideline' for dbs branches. Meaning the dbs branches will have their own requirements if foreigners want to open a bank acc.

I personally went to a few branches, and some needed work permit/passes, while some needed other bank statements. Finally, i found the MBFC branch which only needs the passport (like what is stated on the website) and does NOT need any work permit/passes.

This post has been edited by jex-koi: Feb 27 2013, 09:00 AM