I got my Maybank SG smoothly, just print forms, fill it and tell them honestly "do investment", then it got approved. (Notice the different with "CIMB MY", you say "investment" with student status it is an immediate "no", at least from the "first branch" of CIMB, not sure how things are with CIMB SG yet).

Maybank MY opened while I study at college, so I was on solid grounds back then, with offer letter from college, scholarships etc.

Yes still studying, but this time in HK uni. Offer letters are of no help, so as Student ID since they are all evidences/proofs based in HK. The only "rather stupid" reason I can think out of my mind yesterday was "facilitate transfer of funds between HK and MY" and to further convince/persuade them, gave some terrible excuses like "fx rates are good...". I also added my father has account at CIMB so "service is nice"...

I don't like to cheat, not really considered cheating anyway since the funds from HK will some day come back here, though that is not the main purpose.

I will wait for some time first before going on with CIMB SG, still busy with air tickets and quarantine hotel bookings.

I forgot to tell you that my Maybank SG account security token has reached its authentication limit and I am asked to contact customer support, which I have emailed them. Now cannot transfer money to IB or out of Maybank SG to anywhere else.

This post has been edited by TOS: Sep 8 2021, 03:56 PM

I mean "you say" in the sense of "I say". Just misunderstanding. I get your point well.

What sort of excuse? Maybank SG to add new payee they only give me option to use the security token. But for some access, I can choose between token and SMS.

Not sure if this helps.



This post has been edited by TOS: Sep 8 2021, 05:12 PM

Ok, I manage to use the Maybank SG app to bypass the issue I mentioned earlier. Can transfer via phone app for now.

Ya they have secure2u built into the app itself. So transactions can be done without any authentication needed. Just register for secure2u on Maybank SG app. They will send confirmation code/TAC via email and phone. Once both of them are verified, you are done.

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.

Now comes with restriction. Nice bundling marketing.

That is no longer "free" AAPL.

Did you buy anything else on SGX? REITs/banks?

Banks, REITs (large cap, mid or small caps depending on your risk appetite), conglomerates (the Jardine family), some tech counters mainly involved in chips/semiconductors like Venture/AEM/Micro-mech etc. Banks and real estates certainly slow growth low risk, chip counters can vary from year to year, medium growth would be a better word for me.

There is no "best" investment per se. It varies from one investor to another.

My time (1-2 years back) and Ramjade's time it is 500 SGD, now on the website it still says 500 SGD, but Ramjade shared earlier that the bank CS indicated the minimum is now 1000 SGD. You can email Maybank SG to ask first before you open the account. If they say 500, then you keep the email as proof in case in the future they charge you below-balance fee of 2 SGD.

CIMB SG Linkage with CIMB MY approved!

I honestly mentioned in my CIMB SG application that my account is for "investment" and chose "student" as my occupation. Not sure if MY side know or not.

Thanks Ramjade!

Received a phone call from CIMB SG to verify IC number, birthday, address, purpose of opening account and income tax number. It says private number and when I pick up it redirects me to CIMB SG (you hear the "tut" sound for a few seconds before someone pick up and says she call from CIMB SG).

This post has been edited by TOS: Sep 15 2021, 11:51 AM

CIMB SG activated!

Thanks for your encouragement Ramjade and the info provided by Gracie in her blog. polarzbearz

Just a question, do I need to link my CIMB MY account with CIMB SG for the SG side?



Edit: Nvr mind, I found it here. https://www.cimb.com.sg/en/personal/promoti...sfer-promo.html

This post has been edited by TOS: Sep 16 2021, 03:00 PM

So you feel that CIMB SG to MY is better than Wise/Instarem? Or they are on par?

No annual fee. Just make sure you keep it active, not dormant, Gracie mentioned it towards the end of her blog.

I find the desktop web interface very old and buttons are somewhat like Windows XP style. The mobile app looks more refreshing.

Did you follow Gracie's blog instruction? I presume your CIMB SG linkage with CIMB MY has been approved by CIMB MY?

I transfer 1k SGD from Maybank SG since I already have Maybank SG. According to her blog, you can transfer 1k SGD via Wise/Instarem/Sunway Money etc from your MY bank account to fund it.

I don't know if the call is necessary though, Gracie didn't mention that in her blog instructions.

Ok have you received this email?



And when login to CIMB MY what is the status of your CIMB SG account linkage?



Is it still pending for approval? Or it has been approved?

If this is the case, you can drop them an email and contact their CS representative to ask for updates. For my case, the whole process takes around 1 week from submitting application to final approval.