Guys is there any way to open Singapore bank account from malaysia? I don't have my EP card yet, but got my IPA.

I did research and most recommended CIMB SG.

Here comes my next question, if I open CIMB SG, but atm for it in Singapore very less (only at it's branch right). What is the charges if I use cimb sg debit card to take money from other bank's ATM?

Is it like Malaysia's RM1 equivalent of sg? SGD1.00 charge?

This post has been edited by CoolStoryWriter: Jan 8 2022, 10:30 AM

Thank you! Yes I am following your advise.


Already have cimb sg account.

Just need to land into Singapore and show DBS counter my employment pass / IPA, passport, and employment letter.

Btw according to dbs website they mentioned need show proof of residential address.

My employment offer letter don't have address of my rented room at Singapore. I cannot show the tenancy agreement? What other easy proof to show my residential address? Can I request company HR to issue letter?

This post has been edited by CoolStoryWriter: Jan 8 2022, 11:06 AM

Hi to answer your question refer this: https://nomoneylah.com/2021/09/10/singapore-bank-account/

Btw it took me around 1 month to set up everything.

unlimited. if i rmbr correctly you can set your daily limit up to 500k

no need as long as there's a minimum balance on your cimb sg

Guys is cimb sg still the cheapest way to transfer SGD to MYR?

I saw got other providers like Wise and Instarem

Alrightm btw i checked. Cimb sg is still cheaper than wise.

you earn in SGD? I guess either you invest in SGD or USD denominated assets?