Yes if you have singpass or Already have bank account with DBS (I opened mine via online cause I already have existing account with DBS).
Other than that I think no.

Avoid. Cause if you use PB banking way you need to park RM250-300k in FD or some crap stuff by banks. Waste of good money.

Just open Transferwise Business account.

Opening dbs account require you to travel to Singapore. You need to be physically there and is subject to approval. I opened mine up last time by opening dbs Vickers with them (can only be done at HQ). If you walk into any dbs bank, they will reject you straight away.

One fintech I know can receive USD is wallex. I have never got around to opening an account with them before.

Yes but very bad rates. Just drop wallex an email and see how.

You go to the bank, you print out the pdf form, filled it up and tell the front desk person you want to meet the person in charge of opening Maybank sg isavvy account. Aka them call HQ if they still blur.

Forget about opening CDP account. Not useful to Malaysians. Just use FSM sg or tiger brokerage for sg market.

Of course it's not guaranteed. It's up to Singapore side to decide to approve you or not.

Just fill up the firm, bring it to Maybank side, buy a banker cheque under your name for SGD500 and let Maybank settle everything.

Avoid using cimb my to transfer money.
Use fintech like money march, instarem, bigpay, TransferWise, Sunway money.

All Singapore banks allow you to withdraw foreign cash. You need to pay
1) 1-2% in withdrawal fees
2) markup exchange rate

Your choice I wouldn't bother with withdrawing foreign cash in Singapore especially when they have lots of good overseas travel card from revolut, instarem, transferwise and revolut.

You open sg bank acocunt is not for their FD. If you are using it for FD, better don't open account there cause you don't know how to make use of sg bank account. I don't know about you.

I opened my account for
1. Invest into sg reits. They offer 3-8%p.a dividend yield.
2. Use it to invest into US market since overseas broker accept SGD deposit and not RM.

And in case you are wondering, my SGD is minimum giving me 6%p.a

And no. I don't bring my money back. No intention.

This post has been edited by Ramjade: Feb 15 2021, 08:34 PM

Best mmf in sg is by endowus. But you need agd10k min. Pretty expensive. They claimed their dimension funds can outperform S&P500.

For me I am skeptical and I trust ARK.

Depend on what you want to use the money in SG for. Some silly people keep cash only in SG and don't do anything with it.

If want to keep cash only, forget about opening SG bank account. Just dump it all in EPF (RM 60k/year). Money in EPF will easily best money in SG bank account.

Some use it to buy unit trust. Platform for it is
https://unittrust.poems.com.sg/. Avoid FSM for unit trust. They charge you quarterly just for buying unit result with them while there's no such charges with POEMS.

Some use it for robo.
There are plenty of option for robo.
- stashaway
- endowus
- syfe
- autowealth

Robo is for
1) lazy People and
2) people who don't know what they are doing and just want somewhere to park their money.
You are basically paying a middle man (the robos) to buy ETF for you which is a stupid thing to do (cause you can DIY and it's cheaper which means you have more money over long term)
Personally I avoid robo at all cost and I always tell people to avoid robo at all cost. (What's so difficult opening a overseas stock brokerage and deposit money in every month?)

Some use it for stocks.
You can buy sg stocks but get ready to lose money. Majority of the business in sg are lousy and get ready to lose money as investor. Sg market is only good for reits and banks. Nothing more.
Platform for buying sg stocks are
- FSM SG
- Tiger broker.

Some use it to buy international stocks.
Some use it as a stepping stone to overseas stock because SGD is more important international than our RM..
This is where the magic starts.
I personally recommend buying international stocks.
More info can visit
https://ringgitfreedom.com/2020/11/13/journ...onal-brokerage/

If you are looking into investing in stocks, know what kind of investor your are.
i) dividend Investor
- you invest for extra money every month
ii) growth investor
- you invest hoping to multiply your original money but most of the time you won't get paid.a single cent unless you sell
iii) trader
- you are looking to make a quite buck by buying and selling within a few hours to few days.
iv) speculator
- where stock market is your casino

I use blogs and youtube. These are what I used last time.
Read this. I read all of it when I started out. No one teach me anything.
I learned mostly from blogs and forums

For starters kindly read this
1. https://singaporeanstocksinvestor.blogspot.com/
(see all the link at the side, read all of them)
2. https://investmentmoats.com/stock-market-in...ting-resources/
3. https://stestocksinvestingjourney.blogspot....f-dividend.html
4.
https://stestocksinvestingjourney.blogspot....-of-saving.html
5. https://stestocksinvestingjourney.blogspot....out-me-ste.html
6. https://www.mrfreeat33.com/my-story/
7. https://www.mrtakoescapes.com/farmers-hunte...l-independence/
8. https://www.mrtakoescapes.com/love-big-fat-cash-pile/


There's no versa for sg. The closest to versa returns is endowus.

Do not waste your SGD on money market fund.

Come on la. If you use pure Interactive broker, it's only going to cost you USD2.00/currency conversion (regardless how large is the amount) and USD0.35/transaction which is equal USD2.35 per month. Of course it's recommended to do transactions of say USD2k to bring down the % paid in commision commision.

If you use whitelabels it's only going to cost you USD 2.00 (conversion fees) + USD1.50/transaction.

What I do is I collect until RM12k then convert my money.

Nope. Still go with US. You can bypass 30 dividend tax by selling options.

I just put savings.

Bigpay problem if you transfer more than RM10K. For me I always use Sunway money cause it's the cheapest Vs Wise and Bigpay. Not to mention it's faster than Bigpay.

You don't need to kyc. Their KYC is all online.
I don't look at fees. I look at final SGD that I will received say per RM10k transfer.

Only option for us is CIMB SG and Transferwise

This post has been edited by Ramjade: Mar 19 2021, 12:36 PM

Keep in mind this is a promo from CIMB SG. Not a permanent feature. They can end it anytime. So far they never end it. They have been extending it everytime.

Dbs. With sgd500k you can get access to MTRL loan at 0.85%p.a interest rate.

Well they are the one with the lowest interest rate. Depending on what you want. No other banks come close.

Already tell you how many time? Do not use bank to transfer Ringgit.