Thank you for the info. Will let my dad know. It will be up to him to follow up on requirement and decide to proceed or not.

He has reached age to withdraw EPF but still keeps most of his money there.

If Zimbabwe levels of hyperinflation hits Malaysia (very, very unlikely), I can still rebound because I am young. It is the oldies that cannot take chances with their nest eggs.

You mentioning standard chartered trading account has jogged my mind back to end of 2013. I did consider Standard Chartered but did not find any examples of people who manage to open Standard Chartered bank account as non-resident in lowyat as opposed to DBS bank. Furthermore, I was a bit nervous about the fact that account is nominee account.

Since I am a small timer, may as well just go with DBS. Was caught out by how CDP is setup.

I remember I took the overnight KTM sleeper train to Singapore. It was RM 80 return for bunk.

You could arrive at early morning by sleeper, open account and take sleeper train back to KL. You don't even need to spend a night in Singapore.

Yup DBS is the lowest by% at 0.18%, but there is a minimum charge of SGD 18. Stan chart does not have a minimum and charges 0.20%. Therefore if you use DBS you need at least SGD 9000 per trade to break even (both buying and selling). For me i am a small time trader ~ 2-3k SGD per trade so i went with Stan Chart

Hey Hansel,

Thanks for the info regards the TT - via Bank - ( bank rate ) isn't that bit expensive ?

Do we need to declare ? if any amount above 10kUSD  or something ? if not mistaken i listed on the BNM ruling. ( In / Out) per day limitation ?

I think any amount above 50k there will be slight check through the account.

If that's the case probably we could just partially credit our fund yet no exceeding 10k USD .
Btw were you guy's work in financial institute ? Hansel / orangbulu ?

You guys seems bit experience in placing share's , mind share me some sweet and candy so that i enjoy aswell

I work in FMCG industry, Supply Chain/ operations work. 0 finance experience.

I bought some shares on SGX and did my research on the brokerages, therefore i can share my experience with you. Also I used to work in SG and majority of my money is in SG, which is why i know a bit about Singapore banking in general.

My personal opinion is that Bursa stocks are in general better than SGX. SGX probably only has 30-50 companies worth looking into. Too many penny shares from China. If i were living in Malaysia and want to diversify, I would buy US stocks instead.

Hi Hansel,

Do you know what is the max amount we can transfer if the purpose is for investment overseas? Must this payment be made to an investment brokerage account then? What about transfer to own account overseas and the purpose is for investment later?

The reason I invest in SGX is that the majority of my wealth is in SG, and I do intend to settle down in SG for the long term.

I guess the advantage of SG stocks vs US stocks, is that dividends and capital gains are tax exempt. For US Stocks you pay 30% tax.

As for SG vs MY exchanges, i think that Singapore stocks derive a majority of their income from SEA/ Asia pacific, as they dont really have a domestic market, whereas for Malaysia, majority of their income is still from domestic markets. Do correct me if I am wrong on this. But like I said above, If i were living in Malaysia, i would have use US stocks to diversify instead of SG.

You guys give me way too much credit... im not a big time investor... just so happen to have a brokerage account in Singapore 

Non-fd method.  Open a standard chartered esaver account and ocbc 360 account. Both give "high" interest but the caveat is fresh funds only. Keep transferring between both accounts 1st day of the month. Can yield 1% Haha...

saw the FAQ. it's says Singaporeans 

1% per month or total of 1% per year? Big difference. 1% per month = 12% year.

Care to give example? So when I have a Singapore account, can do that. Hehe...

Any advise on how to transfer large sums to Singapore account..say over the limit of 10,000usd.

Would that trigger suspicion from Bank Negara? How about using money changers?

According to Bank Negara, there is no capital control on funds for investment. Ie.

1. You can transfer whatever amount provided you have no loan in malaysia (1 housing loan is exempted)
2. If you have more than 1 loan, then your limit is RM1m per calender year

Having said that, the bank branches in malaysia usually do not check your TT against the above rule. Unless you transfer RM1m in 1 shot.

Some banks branches who do their jobs will ask. They will let you fill in a declaration form related to the above

US$10k is small amount to BNM. Just sign the declaration form at the bank.

Which money changer still make TT transfer now ? Please PM me. Thanks man !

Curious whether Maybank SG allows you to open an account without being a Singaporean resident.

The only problem with SG REITs is if there is a rights issue, you can't subscribe to it because you cannot provide a Singapore address. Other than that, it beats the MY REITs by a mile. No withholding tax, large portfolio (economics of scale & diversification), international exposure and more variety.

Because they cannot do the TT liao. So must be discreet...

The steps is quite simple, go to both banks and open both accounts. Once its done, every first day of the month you just transfer money from one account to another, so that it "thinks"its fresh funds and you gain the bonus interest. Do keep in mind the minimum account balance to avoid the fall below fee.

Do note confuse trading accounts and CDP. Most Singapore banks are hesitant allow foreigners to just open savings account (i dont know why, probably because they cant earn money off you). To overcome this, you tell them you want to open a trading account. When you do this, they automatically have to open a savings account for you to fund your trading account with money to buy shares.

Some bank trading account needs CDP, which is used to store your shares. Some bank dont need CDP, and they act as a custodian to your shares. Again, CDP is not a factor here. The key is the trading account.

So you walk into DBS and SC and tell each of them that you want to open a trading account . After that you are all set. Am I right? What about TAC or something like that whenever you want to transfer money. Can they send it to the malaysian no?

In which order? OCBC > SC or SC > OCBC or the order is not important?

In my experience a few years ago where my trusted money changer still can do overseas transfer, their rate is more competitive than the banks. Banks are blood sucker which charges more.

My ex-money changer charges me 0.25% spread only. But they kena raided by BNM and stop the service. Now the company no more in the market. Maybe they have change name and location