The reply may sound sarcastic, but isn't that the truth ?

If the reason is for banking and investment, which is the bank's business, the bank has no reason to reject the application. Just tell them the real reason with no fear.

The fact that she (and many here) doesn't know the reasons, it shows that they don't even know why they want a Singapore bank account. The real reason is "just in case I cannot open one in the future". Same as the 2hour long queue we see in front of a newly opened "in thing" shop. Scared to be left behind

If say like that guarantee they don't want to give you la.

Ya loh, even after she get the account opened, she will not make use of it. Why should the bank open an account with no transaction in it ? Maintaining an account cost money to the bank. If they cannot make money from you, they will reject.

From account holder point of view, open an account without a purpose will also cost money/time.

I can see more and more people open overseas bank account for the sake of "not being left behind" as "everybody is doing it". They don't really know whether they need it. Nor do they know there are much simpler alternative like investment in foreign stock market thru local platform. Much much simpler to get into non-RM stock investment which is a good hedge against RM depreciation.

My view is if you are just a small timer, look into local banks/brokers. Much easier and hassle free. Transaction cost is just a very minor part of your outlay. The savings won't make a big difference compare to the hassle of opening an overseas account.

*Ouch*

The truth hurts. So true. I've had Bank Managers tell me directly in the face before that they are not interested in letting you open an account if you plan to main a few hundred dollars or thousands in their bank account.

This post has been edited by TOMEI-R: Mar 1 2017, 11:40 AM

OK. means investment is a good reason then...

Yes, but then they will try to sell you theirsavings /investment/ insurance plans on the spot before opening a new account from you.
They will then tell you they will need to justify in letting you open an account with them. The above reasons would do just fine.

like that.. really like depends on faith if meet the "good" officer or "kanasai" officer.

Good ones will reject your application outright, citing you dont have the proper documents to support opening an account.

walkman660 I have got the account opened and received many mails.
hope you get yours soon, the S$5,000 requirement doesn't seems to be a problem.


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u received all thing in one shot? and u done activate your online banking?

ytd maybank sg called me said my application is approved on 24/2 and i will get my letter this week or next week but then i never receive the mssg from maybank sg , the one u show here last time . hmmm

expect PIN mailer for internet banking, the rest (debit card, PIN for debit card, account number, M2U temp access ID and welcome letter) all got liao.

what is that PIN mailer use for actually? so now u can do any online transaction at m2u SG ? or still cant

Congratulations.

however, to set PIN to the Debit Card .. still need to do in Maybank Singapore.

they only give the temporary pin for withdrawal from atm . thats what they say when i call them.
however hv not test it out withdraw from Malaysia atm yet.

erm, so can you do any online transaction ? (FAST fund transfer to other bank) , cause i need this function badly

Anything online can ... tranfer funds in , transfer funds out.. online banking stuff is not an issue.

only that i curious call them ask if I can use the DEBIT CARD for shopping... and if i put into MAYBANK singapore atm for withdrawal she say cannot. Need walk into MBB SG to activate pin no.

however can withdraw from MSIA ATM using the pin that was mail to us.
i hv not test this out.




This post has been edited by elea88: Mar 2 2017, 09:16 PM

i have already stated in my previous post its for internet banking.
anyway, just wait for your turn.

For some Malaysian debit cards, we need to key in temporary PIN number in ATM, and change the PIN number of debit card to our own preferred PIN number.

But, I am unsure whether it is applicable for Maybank Singapore debit card or not.

If we can use Maybank Singapore debit card to withdraw cash in any Maybank Malaysia ATM, can we use Maybank Malaysia ATM to set a new PIN number for our Maybank Singapore debit card? elea88, maybe you are unsure of this as well. Perhaps, some other iSavvy account users here have tried it before.

This post has been edited by kart: Mar 2 2017, 09:52 PM

no, it's just like you using MBB MY debit in CIMB MY, you can withdraw cash, but not change the PIN.
elea88 CS gave you wrong info. that so called temp PIN can be used at any ATM worldwide with Cirrus/Maestro logo.

^
Ok, you have a point, and I agree with you, lamode.

Guess that the only way to change the pin number of our Maybank Singapore debit card is go down to Singapore, to any Maybank Singapore ATM.

Still, changing the PIN number of our Maybank Singapore debit card is not much of a concern to us, since we need mainly the Internet banking access of iSavvy saving account.

This post has been edited by kart: Mar 2 2017, 09:59 PM