My friend wan to open the account with sgd 400k get rejected by the bank. He is neither work nor live in Singapore.the bank is DBS. could anyone let me know what is the reason ya?

to share my  personal exp.

Checked with hsbc, maybank, uob, and dbs. Only hsbc, maybank, and uob gave a consistent answer of needing some sort of work permit/passes or requirements listed on their website.

As for dbs, the requirements on the website seems to be a 'guideline' for dbs branches. Meaning the dbs branches will have their own requirements if foreigners want to open a bank acc.

I personally went to a few branches, and some needed work permit/passes, while some needed other bank statements. Finally, i found the MBFC branch which only needs the passport (like what is stated on the website) and does NOT need any work permit/passes.

Hi,
Wanna ask is the DBS need initial deposit?
The website is stated no need any...is it true?
http://www.dbs.com.sg/personal/deposit/esa...equirement.page

Thanks.

Yes, you are correct. No deposit is required when opening the account. Only deposit $ after acc is opened.

But you need to maintain a (average) balance of SGD 5k, else they will charge SGD2 per month (Translates to ~ RM 5 a month).

to share my  personal exp.

Checked with hsbc, maybank, uob, and dbs. Only hsbc, maybank, and uob gave a consistent answer of needing some sort of work permit/passes or requirements listed on their website.

As for dbs, the requirements on the website seems to be a 'guideline' for dbs branches. Meaning the dbs branches will have their own requirements if foreigners want to open a bank acc.

I personally went to a few branches, and some needed work permit/passes, while some needed other bank statements. Finally, i found the MBFC branch which only needs the passport (like what is stated on the website) and does NOT need any work permit/passes.

There are forms to fill up to state the intent of opening the account, together with  an 'interview'. Why not try HSBC SG premier account  ? The HSBC staff told me that a min of SGD70k is needed to open the account, and no work permit/pass is needed.

Or if your friend has a HSBC MY premier account, he/she can open an account with HSBC SG too. Not sure whether there is an 'interview' before one is allowed to open the bank acc.

How easy is it to TT money to your bank account in SG?
Has anyone tried? Are there any restrictions by Msia?

No restrictions, for transfer over RM 10K, need to declare purpose to BNM (at bottom of TT form).

Thanks mate

Gonna start a trading account over there with a bank........  

Then declare the purpose as 'investment' and source as 'savings'. So far transfer lots of time no problem...

Please also note that some banks in SG will deduct a small amount as incoming TT 'fees'. Mine is SGD 12/TT.

Most of time I just bring cash across the causeway... (not more than SGD 20k, otherwise have to declare)

P/S what trading you doing? 

all right
since non pr / work permit can get to open in DBS

are there DBS operating on saturday?

thinking to drive down to there and get the account done

Yes they opened on a Sat.  I just opened my account at a POSB branch two weekends ago on a Saturday.  I went there early at around 9am.  It was easy to open, just produce Malaysian IC. They did not even ask for a passport. I opened with SGD500.  If less than SGD5000, you will need to pay SGD2 per month or SGD24 per year.

They issued me a Debit card and also activate internet access. Very fast and done within 30 minutes.

Without work permit? which POSB branch you mentioned? Orchard Road?

I went to Clementi Ave 3 branch. Yes I don't have work permit.  I work in KL but travel to Singapore about 4-5 times a year.