Hi guys i myself too is planning to open one in singapore. I was planning to open dbs account. I do not have -any permit whatsoever. Was wondering if the banks will deny us?

Anyone managed to open one there? Can share your experience and what to expect and prepare?

Can i use malaysia as proof of address or it must be in singapore? If its malaysia perhaps i can bring my phone bill along as well


Yep read from first page on wards. Had some idea. My main motive is to TT money from Malaysia to my bank account in Singapore and vice versa. One of the main reason because i travel to SG quite often. Quite unsafe to bring loads of cash around. So having a local bank there and swipe with card will be a better idea.

How much should i prepare in cash?

Should i go honest with them for weakening of ringgit/travel often here or use "opening trading account or unit trust" ? Which will be the most ideal option. Also i read a few pages back that it is better to open 2 accounts in SG? why so?



This post has been edited by Jeof: Feb 3 2016, 06:46 PM

Opening IPB with citibank minimum requirement is 50k USD and that amount cannot be moved for 3 months. Hence I'm trying to see if they are any alternatives. Hope anyone with knowledge are able to help out

reading from a few pages back i heard, opening with the reason of "trading account" is doable not sure though. Hope any sifus here can verify

This post has been edited by Jeof: Feb 6 2016, 09:19 AM