Don't bother. They only have one branch in Singapore and atm machine is located there at that branch only. So if you want to withdraw money, you need to travel to that branch.

Better suggestion, just use bigpay to withdraw SGD if you really want to withdraw SGD to spend.

It have always been 1 branch since all this while. Nothing change. Nothing to worry about. Just sg govt way of doing business. If you are essential bank, you get more branches. If you are not essential, you get only one branch.

You still have not reply about the deal you made with uob. Still waiting to hear about your uob deal.

So no way for people without premier access?

Ok. Thanks for info.

They are independent as far as I know.

You can increase your limit.

Almost 5 years ago. That's their standard reply. I went to another sg bank on the same day and got same reply as you. But it was not DBS. But if you never try, you never know. I went there with no hope of opening and just to try my luck and who knows it works.

Maybank sg-> my lousy rates.
Maybank have to lock up min sgd500. If your value drop, you pay penalty sgd2.00/month.

You don't need sg ATM or their card. Just apply for bigpay and spend in Singapore.

This post has been edited by Ramjade: Dec 2 2021, 09:53 AM

He is being sarcastic. Period. Cause I say bad but true stuff about sg banks and their market so in Chinese he "bo-song" (not happy) for those who don't understand Chinese.

Don't worry. You missed nothing..Let's see if what I said is true about him "bo-song".

Anyway some stuff I said which stuck a nerve with him to bring you up to date
- no fingerprint authorisation withdrawal. Very weird for financial center to not have fingerprint authorisation but depend on signature. Even Malaysia have fingerprint for withdrawal. Come in la
- unable to move USD freely like HK banks. I know HK banks can move money digitally like FAST transfer but no such options exist in sg exist except via cheque/echeque/local TT between local bank account. I even specifically ask customer service is there anyway to move USD using service like FAST, they told me no.
- expensive local sg bank based brokerage for overseas stocks
- lousy market. This you know already.

Keep in mind this is from a regular joe and not from a priority/private banking point if view.

I think that is all. That's why don't know why he' is sensitive when I just state truth. Maybe like people said the truth hurts.
I welcome him to debate the above points especially about the banks (first and 2nd point)

Why should I close an account that does not have any fees and have a very good multicurrency account (not wise level, but still better than Malaysian bank account). I don't invest in sg market anymore does not mean I need to close their account.

This post has been edited by Ramjade: Dec 8 2021, 08:09 PM

CIMB sg close his account I think.

If cannot use money to receive salary then rather pointless.

Account and investment are 2 different thing. For your info, I have liquidate most of my sg holdings and move them to US. I keep only few which is giving me 15%p a

You still never answer my 2 points
- no fingerprint authorisation withdrawal. Come on. In this day and age?
- unable to move USD between local sg bank account with a service like FAST for regular Joe's unlike HK banks.

Actually I do. Via cheque or echeque. Been there done that. That's the only way I found and have been using that way.

Unless such "FAST transfer" is not available for regular Joe then I might be missing something as it might be exclusive to priority or private banking clients.

Transfer money first before linking. Once 30 days up and account not funded with SGD2k, it will automatically close.

Actually wise not good for Malaysian.
Holding limit of only RM20k, big joke.

Not to mention lots of broker don't accept money coming in from wise. There are exceptions.

This post has been edited by Ramjade: Dec 15 2021, 01:13 AM

Don't bother. Not cheap. Use youtrip, bigpay sg, TransferWise card. Revolut, instarem card. Soany choices. Have your pick.

Bro. Take a look at the atm withdrawal fees. All can withdraw cash from ATM machine. Do not give free money to banks. If you ATM fees only charge say sgd1.00 why bother with bank account?

Come I spoon-feed you.
Revolut zero ATM fee for sgd350/month withdrawal for free account
Youtrip sgd5.00 up to max sgd5000
Bigpay free for first withdrawal up SGD2500/day
Wise free sgd350 withdrawal then sgd1.50
https://www.asiaone.com/money/digital-multi...e-vs-revolut-vs

The atm fees you pay can be cheaper than what what the bank charge in exchange rate provided you do lump sum withdraw. And there's ATM everywhere. If you withdraw small amount each time, then better to go with banks.

So if I am in your shoes, I will just grab any if the cards I mentioned and forget about bank account. Unless you regularly visit Malaysia then yes bank account might be useful.

You want online, only cimb sg.
If you willing to visit branch, Maybank sg (visit maybank Malaysia, certain branches).

If you don't want to lock up sgd500-1000, then cimb sg.
If you don't mind locking up sgd500-1000 then Maybank sg. Lockup here means no interest for money that must be kept inside the bank to prevent getting charged fall below fees.

Public bank, Hong Leong does not have sg based account. UOB needs to be priority customer or they won't even entertain you.

This post has been edited by Ramjade: Dec 16 2021, 11:59 PM

I use bigpay when in sg. I preached what I practice.

Bro, if you never been poor, you won't understand that every sen count! I took train cause final amount is cheaper Vs using banks for rm30k transfer and no fintech exist during that time. That's why I value fintech and use them very much. It levels the playing field and allow me to save so much on cost. Cost which otherwise would be blindly given to banks instead of being reinvested.

If there's no fintech today, I would still take train and deposit manually myself.

This post has been edited by Ramjade: Dec 19 2021, 07:48 AM

My first trip no bigpay yet. No such thing as bigoay. No choice. Use cash.
2nd trip bigpay existed so use bigoay to pay for all my smrt and bus ticket. Never use cash at all in sg.
Only expenses in sg is smrt and bus ticket. Nothing else.

Wholemeal bread with unpeeled hard-boil eggs and unpeeled but washed cucumber with hand sanitizer. All prepared before the trip. If the eggs are not cracked it will last one whole day+ So crack and peel eggs and munch on cucumber.
Bought water from home for trip to sg. On the way back, buy water from train station. Yes the 1.5L type. Normal for me. I go to work also bring the 1.5L water. No no big deal for me.

Savings by doing the above > TT fees and charges by extra 1-2% which make it worth it. Significant if you are doing a RM30k transfer.

Not sure. I don't use wise for spending and only use bigpay as my overseas spending card. I will be looking to add mymy to my stack once they launched. Wise for me Is a platform where I get paid in USD for my cashback on my US shopping.

Bro, RM25 is one part of the equation. Go look at exchange rate markup. I know because I compared a RM30k exchange on spectrum Forex , kl remit, max money Vs UOB, SCB, cimb, Maybank, Hong Leong. Add in train ticket, my bread money, still cheaper than banks by I think RM300-500. Can't remember already. I never look at the bank recent exchange rate already after multiple time checking last time.

Nowadays I just fire up all my fintech. The one which give me the most final SGD Vs ringgit gets my business. I am so grateful to fintech because they help me to save the RM300-500 per transfer which I would have lost to the banks each time I transfer money.

This post has been edited by Ramjade: Dec 20 2021, 09:58 PM

I take my cost seriously. My passport was valid until 2020. So no issue for me. I have not renew my passport since then.

Yes I could make back rm400 via dividends. But basically means the first rm400 is given free to the banks. Now why would I want to that? The rm400 which was saved was invested instead of giving to the banks for free. I don't give money away especially to banks/brokerage. It's my policy. I don't let banks earn free money from me. If they want my money, they got to give me good rates which they did not hence I have always use fintech. The day they can match fintech rates, will be the day they earned my money. Until then fintech it is. The only time I give money away is for charity, family and animals.

I think I did 2 trip. After that fintech became available so no more making trips. Anyway that's the past. I still don't give banks free money. I believed in banks working for me than I am working for the bank. Something someone taught me when using credit cards. But that's another story for another day.

This post has been edited by Ramjade: Dec 20 2021, 11:01 PM