Maybe things have change but I have seen people still able to open Maybank and CIMB account with no issue.

It's true Maybank and comb Sg is under MAS jurisdiction and not under BNM. So as long as MAS continue to allow Malaysian to open account via Maybank and CIMB from Malaysia side, no issue. Only if MAS said no then both banks have to comply.

This post has been edited by Ramjade: Mar 12 2023, 10:28 PM

Working in Singapore or Malaysia? Open with pass or no pass?

Care to share the steps you took to open DBS account?

Haiz. I thought you manage to open. I read it as you managed to open. This guide maybe outdated.
1. Get ready min SGD 3k cash
2. Travel to singapore (you can't do without being physical there)
3. Go early. Best to reach there around 8-9am
4. Go to Marina Bay Financial Center (their HQ, you cannot do it in normal branch). You can go there via their MRT
5. Bring your IC, passport, Malaysia bank statement, bill statement (original, and photocopy), income tax receipt
6. Once there tell them you want to open DBS Multiplier account, DBS vickers and CDP. (yes you need to open all 3 account). You cannot choose one. There is no other way
7. Just keep pushing to open the account. Say you want to invest.
8. If they say cannot, tell them you want to speak to manager. (this is very important). You need to be persistent.
9. Be prepared to wait like 4h to open the account. Be patient. Don't show angry face or be keep pushing like why so slow?
11. Once ready, deposit your SGD3k
12. Good luck.

That's how I open my account at the height of 1mdb scandal. Not sure if things have change.

DBS way superior to CIMB. Cimb only good thing is rates to bring money back to Malaysia.

Try moomoo cash plus or tiger cash vault or moneyowl savers
https://blog.seedly.sg/cash-management-accounts-singapore/
You get the interest of FD without the need to lock up your money.

Your call. Once you have that account, you have access to a multicurrency account that you can accept/send USD, GBP, AUD, etc.

This post has been edited by Ramjade: Mar 22 2023, 12:15 AM

Yes. Wise is restricted by Malaysian law that you cannot have more than RM20k inside. You got no such restriction with DBS account as Malaysian restriction does not apply to Singapore banks

In terms of exchange rate, I think wise wins no doubt.

Just make a trip one day without her. For me it's worth it as I can get USD cashback from shopping online in US to be deposited into my multicurreny account and then transfer USD into Interactive broker at no cost.

Got. All sg banks have online application for people who have singpass (working/studying/staying there).

Please don't rub it in to people who got no pass. Be considerate. We know you got pass and able to open account easily. Some of us not so lucky.

TOS that's why you see I post stuff so that ordinary Malaysian without priority banking access/working or studying in Singapore can have access to overseas stuff.

Just because someone is rich and have priority access they can open account easily. Normal people like me don't stand a chance if we don't have priority banking. That's why you don't see me promote anything priority banking way. My way are for normal working folks in Malaysia who just want to invest overseas.

This post has been edited by Ramjade: May 23 2023, 10:14 PM

SG worse place to honeymoon/holiday. I went there and not going back. Nothing to see and do in Singapore unless you like to see people put tissue on the table during lunch time.

This post has been edited by Ramjade: Mar 22 2023, 02:07 PM

If you are working in Sg, just go with DBS. Don't bother with banks.

I think one guy manage to open CIMB Sg recently. Read back few pages. But have to wait like 1-2 months for everything to arrive by normal post.

This post has been edited by Ramjade: Apr 30 2023, 10:44 PM

I never activate any of my sg cards.

All cards get hacked regardless of banks or provider I kena on bigpay before USD10/transaction multiple times for Facebook marketplace.

I never activate any of my sg bank cards.

Don't bother with CDP unless you have sg address. If you got no singapore address you can't participate in rights or placement even with CDP acocunt.

To participate in rights or placement use custodian broker like fsm or Moomoo.

Btw keep in mind investing in Singapore reits will and shall make you the atm every once in awhile. So yeah prepare for that. If you are not prepared to be ATM, don't invest in reits.

For me I already sold all my reits as I don't want to be an atm to my reits. I want my companies to be my ATM and not the other way around.
If you broaden your horizon, you will know there are lots of companies paying REIT like yiled with only payout of day 40-50% Vs reits at 90%.

If a company with dividend payout of 50% and paying 5%p.a, Vs a REIT with payout of 90% and paying 5%p.a the company is superior to the REIT in every way.

This post has been edited by Ramjade: Jun 16 2023, 09:48 PM

Eg like wilmar. I think payout only 30%+ and paying 4%+ and growing dividend by around 10%p.a. That's means if you don't add any money, your current dividend next year will automatically increase by 10%p.a. Reits increase their dividends by 1-3%p.a if you are lucky.
It's a better buy Vs reits.

Look at the news recently. Lots of reits did placement in the past 1 month. That's how they ask money from you. If you don't participate, your dividend will decrease (diluted).

This post has been edited by Ramjade: Jun 17 2023, 12:23 AM

Neither. Cause both also got fall below fees. Go for trust bank (digital bank) which I have no fees.
I am not sifu as I do t have uob or OCBC. Even if I can open I won't want to open so many.

Maybe cause never use?


DBS my account is better than cimb as it's a multicurrency acocunt and no fall below fees. I keep only SGD0.10 inside.

Just put into Moomoo mmf and earn more or less the same with Maybank FD minus the locking up period and min amount.

Moomoo is an online brokerage. Mmf is money market fund.
https://growbeansprout.com/cash-management-...singapore-guide