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 Opening a Bank Account in Singapore

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Cherry16
post Jan 6 2017, 09:22 PM

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QUOTE(Ramjade @ Jan 6 2017, 09:27 AM)
Hansel, prince_mk ,managed to open my DBS MCA at Marina Bay  biggrin.gif  rclxm9.gif  icon_idea.gif
Thank you sifu  notworthy.gif notworthy.gif

Considering I am currently unemployed, it's a miracle they let me open.  blink.gif

Here's how I manage to open. Requirement by DBS to open account with them
No 3 was problematic. I decided to go the way of opening a Philips account first. Once I opened that, I had a copy of application proof which I can give to the bank. They were problematic as well and refuse to open without a Singapore bank account. But somehow they told me we will open for you and hang on to your application unless you can provide us the Singapore bank account no. They did give me a proof of application. This was done at Toa Payoh branch.

Headed over to Marina Bay. Told them want to open Vickers and MCA. Apparently one cannot open Vickers without a bank account. So had to deal with MCA first.

Note:
Now MCA have foreign charges regardless when you open starting next monday. All MCA have free first 5 years annual fee waiver. Then after the 5 years, you are required to pay SGD12 for another 5 years = SGD2.40/year.
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Congrats for opening the DBS MCA account. rclxms.gif

It is really a challenge recently even with proof of CDP account. However, it still can be done with much efforts.
Cherry16
post Jan 7 2017, 11:56 PM

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QUOTE(Ramjade @ Jan 7 2017, 08:02 PM)
Agreed. That's why I showed them my Philips application with chop from Philips branch. Then I told them I want to open Vickers.
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You are lucky that they allow you to open. My case, I apply to open investment account with Maybank KE and I went to Maybank to open savings account(produce copy of the application and even ask them to further verify with Maybank KE remiser) and they still rejected saying they need approved letter on the investment account opening before they allow to open savings account.

Anyway, good that you opened DBS MCA. Shouldn't have problem on the investment account opening once you have the savings account.

 

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