I have started investing into digital-like banks in Canada many years ago. They were credit unions. Their interest rate was indeed higher back then compared to TD Bank, etc,... this really caught my attention. Will this be the same for the start of digital banks in SG today ? They will need to attract depositors.

I will open an acct asap.

anyone managed to open a Foreign Currency Account with Maybank SG , without going into branch ?

no, I already have a Maybank SG account.

Foreign currency account meaning I'm able to deposit say USD and keep it as USD without converting into SGD.

Maybank SG is a bit outdated. So just wait until borders are open.
Wrong. I use DBS My Account. Keep only SGD10 inside and can received multicurrency. New and improved multicurrency account. Issue is I don't know how to move USD without incurring charges in SG. I know you can use cheques but digitally don't know.

those who have maybank isavvy, are u all able to register for e-statement? like proper statement header with address and name etc. mine says no debit card facility or so and therefore can't

You do not have any Debit / Prepaid Cards or have not signed up for online statement facility.

Find out more about Maybank Cards.

So, you called Maybank Singapore Customer Service, to reset the password of your Maybank Singapore Internet Banking Account, right?

Did you manage to activate your Maybank Platinum Debit Card, by calling Maybank Singapore Customer Service?

Ok, Maybank Singapore Customer Service activated your Maybank Platinum Debit Card.
However, you cannot change the PIN for Maybank Platinum Debit Card, by calling Maybank Singapore Customer Service, right?
If I am not mistaken, we change the PIN (from the default PIN assigned to us) for the Debit Card, only at Maybank Singapore ATMs. It is a pity that we cannot change the PIN (meant to be used at ATMs), at Maybank Malaysia ATMs, since we cannot travel to Singapore for now.

Business Times Breaking News
CIMB Singapore lays off staff following restructuring exercise; Orchard branch to close
Vivien Shiao

25 March 2021
Business Times Singapore

© 2021 Singapore Press Holdings Limited

CIMB Singapore will be laying off staff and shutting its branch in Orchard Road as part of a restructuring exercise following a review of its business, according to an internal memo seen by The Business Times (BT).

This comes as the bank revises its strategy to emphasise on sustainable growth, in line with the group's vision to be a "leading focused Asean bank", wrote CIMB Singapore's chief executive officer Victor Lee in the memo sent on Tuesday morning.

"This would entail optimising our functional setup, leveraging our group's strengths through regionalisation, and closing our branch in Orchard to fully focus on our main branch in Raffles Place," he wrote in the memo. "These will make us more resilient, more productive and better positioned for growth going forward."

BT has reached out to the bank to find out the number of those affected and which departments they come from. CIMB had about 1,200 staff in the Singapore office.

Mr Lee noted that the bank's efforts to upskill staff since 2020, particularly in digital, data and design, have allowed it to redeploy over 50 colleagues in new growth areas.

"Regrettably, there will be some in our workforce who will be affected by the restructuring," he wrote in the memo. "We will ensure affected staff are informed at the earliest possible date and all efforts will be made to assist them with the transition."

It is understood that all affected staff have been notified.

Mr Lee added that the bank will do its best to support affected staff with the opportunity to apply for other roles within the organisation, on-site career counselling and outplacement services.

For those who are unable to tap the internal job opportunities, they will be offered a "separation package that is in line with the market", said the memo. One source told BT that the payout is one month's pay for every year of service, capped at 12 months.

The retrenchment list was kept secret, and many department heads on Tuesday morning were also not aware of who would be cut. Several departments are believed to have been hit, but there was no official verification by the bank.

The Orchard branch will be closed by end-June, with operations staff there to be affected, while other segments will be offshored, said the source.

In the memo, Mr Lee wrote that the bank does not "foresee any further organisation-wide changes to CIMB Singapore after this exercise" and expressed his appreciation for the contributions made by the affected staff.

"With the group's recalibrated strategy, CIMB Singapore will be positioned as an Asean banking hub for the group with a doubling down on wealth management, SME banking, regional corporates and Treasury & Markets," said the memo.

BT had earlier reported that there has been talk of restructuring within the CIMB Singapore office since the middle of last year.

The bank has seen a wave of management changes in the past few months, with the layoffs of three long-time business heads last November taking the industry by surprise. They have since been replaced by Merlyn Tsai as head of consumer banking, Singapore; Benjamin Tan Wee Chuan as head of commercial banking, Singapore; and Foo Tsiang Wei, head of corporate and investment banking, Singapore.

The group reported dismal full-year results in February, posting a 73.8 per cent drop in net profit to RM1.19 billion (S$387.3 million). This was partly attributed to a spike in oil and gas impairments in Singapore. The Republic was CIMB's only market which saw losses in all three segments of consumer, commercial and wholesale banking for FY20.

Singapore Press Holdings Limited

i wonder which forumer is that. lol.

Can we apply Maybank SG account in Malaysia like CIMB SG ?

Bro,... you trying to takeover Bro Ramjade's job and make him redundant ? VSS ?   

Sifu 'action a lot' only here and there  ,... he's going to get burnt one of these days playing options.

Yes,.. all you mentioned abt OCBC is absolutely correct. You are also watching the dividend cap lifting,...  ... what do you do, huh ? At yr age, I would be working hard at my job rather than being so updated with all these news. Looks to me like you read news every minute.

Yeah,....you are right abt his risk appetite,... he was very vocal abt it. Now he's suddenly into a high-risk product, also called a specified investment product (SIP) in SG,... he has not been bitten yet by his 'selling options' game,....

DLC = Daily Leveraged Certificates. Basically, you put a small amt of money in (vs the ctr price) and bet on the MOVEMENT of the ctr,....Not all ctrs have DLCs attached to it.

Go open Maybank account. Then transfer sgd1k from Maybank into sg. That's the official and old fashion way which won't be stop. That's what I did.

actually what you want to do?
since you already have SG bank acc.