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 Opening a Bank Account in Singapore

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coolguy99
post Aug 2 2021, 10:42 AM

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QUOTE(yklooi @ Aug 1 2021, 12:41 PM)
held both POSB and DBS for the past 25 yrs.....just closed them last year  biggrin.gif
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You closed all your SG accounts?
coolguy99
post Aug 19 2021, 11:32 PM

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QUOTE(SkyHermit @ Aug 19 2021, 02:14 PM)
As in, you open a bank account in SG as a traveller?

Without working in SG (non SG resident)?
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Yes you can. You can try opening Maybank sg account from here too. Not sure if they still allow it though
coolguy99
post Sep 10 2021, 06:55 AM

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QUOTE(TOS @ Sep 9 2021, 04:35 PM)
So, Maybank SG phoned me just a moment ago and told me that my token is locked. So they will unlock them.

The CS rep suggests me to use the token often even if no fund transfer is done. Maybe once a month, she said.

Perhaps this can be a useful advice for those who use Maybank SG with token.
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I have been using SMS token, is that what you are referring to?
coolguy99
post Sep 11 2021, 11:16 AM

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QUOTE(cklimm @ Sep 11 2021, 09:41 AM)
bought a handful of SIA and some other SG stocks, with mixed result
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I have sg broker account but didn’t invest yet. My sgd is still mainly in StashAway. Do you think it’s better to invest in the stock market? Thing is I don’t have much time to monitor the sg market hence I opted for StashAway instead
coolguy99
post Apr 19 2022, 08:43 AM

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QUOTE(thankyou @ Apr 18 2022, 05:31 PM)
You can now open Maybank SG iSAVvy savings account by logging in Maybank2u (Malaysia).

https://www.maybank2u.com.sg/en/personal/ac...ings/index.page?

Nice...
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Nice for those who has not open an account biggrin.gif
coolguy99
post Jul 8 2022, 08:13 AM

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QUOTE(lyyera96 @ Jul 6 2022, 08:11 PM)
what requirement open HSBC account for Malaysian?
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Even if you are not residing in sg, they allow you to open?
coolguy99
post Feb 15 2023, 08:31 PM

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Is the rate for transferring sgd from cimb SG to MY competitive?
coolguy99
post Apr 17 2023, 09:15 AM

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QUOTE(CommodoreAmiga @ Apr 16 2023, 02:59 PM)
The only reason I go to Singapore is because got relatives there. Else you won't find me stepping foot on that shitty expensive island either.
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Agree. I only go there as I have relative working there too. Vacation is definitely a no no to me as there’s literally nothing much to see + it’s quite expensive. I can get better food back here too.
coolguy99
post Jun 6 2023, 07:17 AM

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QUOTE(TOS @ Jun 5 2023, 11:11 PM)
Just to inform Maybank SG users to check if there are any fraudulent/unauthorized transactions with your debit cards.

I noticed someone stole hundreds of SGD from my account via unauthorized debit card transactions with merchant names like MyPerfectResume.com and BLS*MYHeritageLtd.

Have to call Maybank SG Customer Rep. to deactivate my debit card and now need to submit a dispute resolution form to claim back my money...

If the "stolen" amount is small (e.g. 5 SGD), no email notification will be sent, but if the amount is large, e.g. hundreds of SGDs in one go, then that will trigger an email to your account.

So, it's best to login and check your account often.
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Just wondering, have you used your debit card for any online purchase before?
coolguy99
post Aug 28 2023, 08:58 AM

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Can anyone transfer using the Maybank SG account? I tried several times but keep unsuccessful.
coolguy99
post Aug 28 2023, 12:11 PM

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QUOTE(TOS @ Aug 28 2023, 10:59 AM)
OCBC system is down across the island...

https://www.channelnewsasia.com/singapore/o...w-cards-3728906
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Just saw this news too. No wonder I couldn't perform paynow just now. I thought there is something wrong with Maybank SG.
coolguy99
post Nov 18 2023, 11:23 AM

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QUOTE(Chiggah @ Nov 18 2023, 10:28 AM)
May I know the reasons people here transfer to SG bank account for ?

I know one of them is to transfer from SG CIMB to Interactive Brokers, but is it also to park in SG because MYR is devaluing ?

Can we earn FD while we park in SG CIMB ?
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You can earn interest while you park in CIMB SG but the interest is minimal. Alternatively you can park your money in StashAway or other investment vehicle.
coolguy99
post Jan 5 2024, 09:32 AM

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QUOTE(Mr Gray @ Jan 5 2024, 08:04 AM)
Here u go. Referral code deleted already. Hahahaha

Happy to share that I have successfully opened my OCBC Singapore account with just my IC and Passport.

The process of applying through the app is a bit a pain in the ass, as needs to do several times for the app to accept my IC. Tips, the ic can be slightly outside the rectangle.

Took about 3 working days for the account to be approved. Was given Global Savings Account and Statement Savings Account.

Initial deposit required is just SGD1000, it can be from your Singaporean bank account or Malaysian bank account. I already have Maybank SG account. So this is very seamless.

Despite the T&C showing initial deposit for non-resident Statement Savings Account is SGD20k. I just needed to deposit SGD1k. Not sure if this only applies for Malaysians or what.

Regardless, even if the fall below fee for non-resident Statement Savings Account which is 20k is imposed as per T&C (no fee for first year), don't worry, we can go around this.  cool2.gif

Once you have access to the OCBC SG online banking, you can immediately apply for other accounts like OCBC 360 (minimum balance 3k) or OCBC Frank (minimum balance 1k), Monthly Savings account (minimum balance 500) or other OCBC SG accounts. I prefer OCBC 360. I will close Statement Savings Account after this.

So for all Malaysians residing in Malaysia, with no SG pass whatsoever. Right now we have 3 easy options for SG bank accounts (Maybank, CIMB and OCBC), everything done online, super easy.
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Just wondering though, why would one need more than 1 SG bank account? I have Maybank iSavvy and I don't see any need to have more than 1 account though.

I don't keep a lot of money in the account, most of my money will be invested in places like Stashaway.

With this in mind, does it make sense to have more than 1 SG bank account?
coolguy99
post Jan 5 2024, 10:16 AM

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QUOTE(!@#$%^ @ Jan 5 2024, 09:58 AM)
i see. have been neglecting my small sg idle money. i have moomoo, endowus, syfe and stashaway sg, so i wonder
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moomoo endowus and syfe are for stock trading?
coolguy99
post Mar 18 2024, 03:05 PM

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For those who had both Maybank MY and SG accounts, is there a feature to link your SG account to your MY account, and view it there? I saw such an option in Maybank2u but I am unsure if this is how it will actually work.

Is there any cons in doing so?
coolguy99
post Apr 3 2024, 12:38 PM

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QUOTE(Mattrock @ Apr 2 2024, 02:48 PM)
Wow, this is good. MBB SG only gives around 2.6%. My only concern is in case I don't wake up tomorrow, the money will be stuck there as they don't do joint accounts yet. Can get very complicated without a SG Will. May need to get one done.
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I have this concern too. Actually we can do a separate will in Malaysia for SG asset?
coolguy99
post May 19 2024, 02:45 PM

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Has anyone tried to open HSBC SG account from malaysia?
coolguy99
post May 27 2024, 06:29 AM

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QUOTE(Medufsaid @ May 26 2024, 01:41 PM)
john123x digressing a bit. does MBB sg allow you to empty out to another bank acct? S$0 balance in MBB
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There is a monthly fee of SGD2 if your min balance falls below SGD500.
coolguy99
post Nov 19 2024, 05:08 PM

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QUOTE(Gabriel03 @ Nov 18 2024, 11:53 PM)
but from SGD to MYR, CIMB is still best, right?
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CIMB still the best rate for me.
coolguy99
post Dec 12 2024, 01:31 PM

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QUOTE(Medufsaid @ Dec 12 2024, 08:11 AM)
poooky this is what i remember (might be wrong)

  • MBB Malaysia, you can ask them to change the account type of your savings account. not sure of any fees
  • CIMB Malaysia, you cannot change any existing savings account to no-fees type. have to create a new BSA w/o fee
there's a reason why i never want to deal with CIMB unless i have to

--update--

looks like 1 month ago, OCBC sg already revamped their opening account. you need proof of eventually staying in SG to open (passport alone is not enough anymore). not going to translate sorry https://youtu.be/kbuk9EAOugk so they were indeed planning this crackdown for some time
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Any idea if this is a directive from MAS? If so it is only time till other banks follow suit as well.

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