what is the deposit amount required?

For Ram's advice on Mid-valley forex exchange make sure your house is near Mid-Valley and you factor in the cost to travel to Mid-valley to exchange the money. Petrol, tolls, time, traffic etc. This is the opportunity cost to using Wise/Instarem etc, something you must factor in before doing the exchange.

Depending on your purpose of visit to SG, if it's just leisure travel and only last for a few days, make sure you plan your trip in advance. If MBFC main branch rejects you, you can then shop around other branches to test your luck the next day or the following days.

Arrive 1 hour before branch open. This is very important. You must understand SG's kiasu kiasi attitude! Check the branch(es) opening hours before you visit them.

MBFC branch is near Market Street food center, a new hawker center at CapitaSpring, so you may have your breakfast there. Another location for breakfast is within MBFC Tower 3 itself, just one floor below DBS's MBFC main branch is NTUC's Foodfare hawker center. You can try to have breakfast there too as it's nearer though more expensive. https://www.google.com/search?q=NTUC+foodfare+MBFC

If you have a Maybank SG account beforehand, make sure you test out the card at Changi airport's Maybank SG ATM when you arrive (or straight away tap on bus 950 at JB bus interchange if you touch down at Senai and see if the SimplyGo feature is enabled).

You may then use the Maybank SG debit card on nearly all places in SG. Cash is important for spending at hawker centers as most of the stalls only accept ewallets like PayLah, GrabPay etc and cash. Few stalls accept NETS, and even if they accept NETS/credit/debit cards, avoid using them as sometimes their POS systems fail and your money is deducted from SG bank account but not received by them, so you have to pay by cash another time while bear the risk that the earlier failed transactions will not go through and the cash will be refunded.

It may take days before the cash is refunded... (happens to me once, money deducted three times (swipe card 3 times), all fail, ended up paying by cash, all 3 failed transactions reversed after 3-4 days).

My earlier post on DBS account opening may not be fully applicable, but should still contain some helpful info. https://forum.lowyat.net/index.php?showtopi...ost&p=104713013

AirAsia Senai-Penang last time is 100 MYR back and forth for me should be ok.

Not sure about KL-Senai airfare. But land at Changi surely very expensive. 

Train also ok. But I can't find KL Sentral-JB Sentral train ticket on KTMB website. Looks like fully booked?

Website under maintenance after 11pm. We check again tomorrow.

Go before branch open no need to queue 4 hours. Only those go after branch open will need to queue 4 hours. Remember SG mentality. It's game theory at work!

Not necesary to close multiplier account if you might land a job in SG in the future or can open CDP account. The bills and bonds interest count as "income" and if amount is large can help turn your multipler account into a high-yield saving account.

2 DBS accounts also allow you to move money back and forth to keep the accounts active if you don't have Maybank and CIMB SG.

That's why must come at 8 am*... early to bed early to rise makes a man healthy, wealthy and wise.

I didn't know DBS bully non-resident foreigners. Thanks for info, in this case, to stay safe, tadashi987, please follow Ram's advice to bring 3k or more SGD for account opening in case DBS wanna bully you.

They are not supposed to discriminate prospective clients but somehow it seems like they are becoming more like Swiss banks these days.

*tadashi987 Can consider booking a hotel near CBD to facilitate shorter transporation time to MBFC Tower 3. 7-8 am is peak hours so traffic jam is certain in CBD areas even with ERP in place. Avoid buses unless it's very near MBFC Tower 3. MRT is more predictable.

Your 2-3 people info is outdated already. Now the queue number is no longer given after 11am-12 pm in very busy days. Those come after branch open have to wait till afternoon to proceed with their applications if you are behind in the queue. You can only hope the officers will come to the queue to check your documents first. Risk-free rates are no longer 0% now...

My account opening process was only like 30 minutes. Did you just wait at the counter for 4 hours? The staff can't just be gluing their eye on the computer screen all the time. I don't recall any thumprint verification also. I suppose they can trace your thumprint by checking with ICA by looking up your travel documents since you already have your thumprint taken at the airport/land checkpoints.

Combining our experience, it seems like in the worst case tadashi has to wait for 8 hours to get his account opened... That sounds very unreasonable...

Hi all, i didnt get any call from cimb sg since i did ekyc + deposited 1k SGD on 7 Sep. Is this normal or i have to contact them back?

Hi Ramjade,

Regarding this My Account, if I want TT USD into this account, do I need to do setting to USD first?
Is it always follow the currency transferred to be deposited or I need to set the primary currency? I only see SGD is 0 now.
Like if I transfer EUR, then I get EUR deposited. Transfer GBP, then get GBP deposited.
Just to confirm it won't auto convert to other currency.

Same question. I also noticed SGD 0 for now but no other currencies are listed in the DBS ibanking online statement.

Speaking of this, my office laptop has zscaler installed which automatically VPN me to Singapore. Will this cause the same account deactivation as per mentioned here which is VPN

my CIMB no movement for so so long..
i better go login now and bankin SGD 10

Sorry I didn't read the whole thread.
Is it not possible to open the MyAccount straight away and skip the Multiplier account?

How is CIMB's forex rate (CIMB MY to CIMB SG) compared to BigPay? Does anyone know?

If you have CIMB SG savings account, is it possible to easily open CIMB SG FD account?

SGD FD rate at CIMB SG quite tempting, about 4% already

if the branch in MBFC is full, then what should I do? What is my second option?

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Anybody tried this USD FD on cimb Sg? 5.1% for 12 month tenure. So tempting.

Would it possible to transfer USD direct via Wise to cimb fd?

What's the best way (and rates) to transfer MYR to SGD? with

1) cimb clicks my to cimb sg
2) transferWise

While Sunway Money rates are better, I notice that the SGD always take 1-3 hours to appear in my SGD bank account. Wise might give poorer rate but the transfer is instant.

Not sure if you encounter the same situation.

CIMB has better rates when I checked an hour ago

how to use sunway money? the few time i transfer i just WISE...

TQ.. will try.

who would've guess nowadays transfer become cheaper than going money changer...

I have an USD account receiving my overseas earning regularly in Singapore bank. I would like to know what are the cheaper alternative of transferring it back to Malaysia?

Been desiring to use TOS but I need a DBS bank acc?

I'm currently using the cimb singapore route but TOS wants DBS.