oh.. I see..

So, the account manage by us tru online?
or we need to be present at the physical bank to do transaction?

It's because it's Multi Currency account (the only account they let Malaysians open now). No more SGD1k account unless you are working there. 

I didn't know Cimb Malaysia got such feature. Care to share the link?  From what I gather from Cimb SG website, if one really want to open account from Malaysia, the only way to do it is via Cimb Fast Saver. However Cimb only allow one to transfer max RM10k online.

Online of course.

But for better rate, Ramjade will travel. LOL.

seriously? face to face can get better rate?   

Haha I was referring to converting ringgit to SGD.

Online transfer MY bank to SG bank poor rate. Go to mid valley convert to SGD and bring a gunny sack down to SG better rate.

seriously? face to face can get better rate?   

  I see...
But higher risk since cash is with u 

Not sure. That's what the counter told me. Never use their service before. I just open account just in case got no time to go down SG.
Agreed. But me no money. 
Thanks for the info. Might look into it. Where did you get the info? Always on the look out for best rates to transfer money down. 
From alliance bank website it's 3.1740
http://www.alliancebank.com.my/ForexRates
From uob website, 3.1710
https://uniservices1.uob.com.my/jsp/finance/fin_xrate.jsp
SG bank FD is miserable. Their gov stingy policy (so that people will not rely on FD unlike in MY).
It's because it's Multi Currency account (the only account they let Malaysians open now). No more SGD1k account unless you are working there. 

I didn't know Cimb Malaysia got such feature. Care to share the link?  From what I gather from Cimb SG website, if one really want to open account from Malaysia, the only way to do it is via Cimb Fast Saver. However Cimb only allow one to transfer max RM10k online.

As of 3/2/2017 12:00



Only viewable and available for online TT

You have online account with them?

since we need to park money at that account.. isit wise to open an FD account at sg bank?

They seem to keep increasing minimum deposit amount before charging maintenance fee; my DBS minimum is only SGD1k; n previously only SGD500

Hmm, CIMB cannot open SG account anymore? Just last year or the year before can open a CIMB SG account through CIMB Msia; don't even need to go to SG physically. Link to cimbclicks Msia even

I don't really bank with Citibank, so no status la, status borrower only

The easiest account opening in Singapore right now would be CIMB. You dont even need to be present at their Singapore branch. You can open an account online but the catch is that you must perform a "FAST" transfer from another Singaporean bank account. FAST transfer is like our local IBG here. Im not sure though if you can get someone else account to transfer over the SGD $1k for account opening.

The easiest account opening in Singapore right now would be CIMB. You dont even need to be present at their Singapore branch. You can open an account online but the catch is that you must perform a "FAST" transfer from another Singaporean bank account. FAST transfer is like our local IBG here. Im not sure though if you can get someone else account to transfer over the SGD $1k for account opening.

Well it depends on what purpose you need an account in Singapore. Dont just transfer money over because everybody said so. Like mentioned, you must have a plan for your money. Ie Investments, FDs, currency exchange.
The easiest account opening in Singapore right now would be CIMB. You dont even need to be present at their Singapore branch. You can open an account online but the catch is that you must perform a "FAST" transfer from another Singaporean bank account. FAST transfer is like our local IBG here. Im not sure though if you can get someone else account to transfer over the SGD $1k for account opening.

Oh, is that the catch? I never know that. But the SGD1k transfer did take place for the account I was talking about. The transfer was made from a third party account

I email Cimb. The FAST trasnfer must come from another Singapore account in your name. Third party, TT won't cut it. It's even stated on their website.

FAST is more like our IBFT if not mistaken.

No, you must transfer from your own name account, meaning you must have already hold a singapore SA to FAST transfer to CIMB fastsaver to open the account

Should be so. If not everyone can open an account easily.  Btw, CIMB Sg is not quite as popular and have many branches around the island. So those intending to open an account there, do take note of this.
There is only one type of IBG over in SG. FAST is both IBG/IBFT.

FAST is more like our IBFT if not mistaken.

No, you must transfer from your own name account, meaning you must have already hold a singapore SA to FAST transfer to CIMB fastsaver to open the account

So what happened after that? Did CIMB Sg contacted you after that?

As of 3/2/2017 12:00



Only viewable and available for online TT

How much does Alliance allow one to transfer online?

MYR 10k is the maximum I can set for online TT 

Then not worth it as need to visit the bank and one don't get the "hot-rate" for counter transactions.