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 Opening a Bank Account in Singapore

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Koranshita
post Aug 20 2021, 10:06 PM

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Hey guys..I just open up Singapore account via cimb.

So the next question is. Which platform to use to use convert the rm to sg dollar as we know bank exchange rate is higher.

Ppl advise to use wise
But wanna see if have other options as well
Koranshita
post Aug 20 2021, 10:12 PM

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QUOTE(thecurious @ Jul 10 2021, 05:08 PM)
$1000 is correct. but some people want to bypass.
Bigpay to SG bank instant.
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How is the rates.. I have the bigpay account as well. If better then direct cimb then I might opt this option as well.

user posted image
Even cimb Malaysia to cimb singpore will have to pay service charge?

Bigpay
Rm311.79 - SGD 100

This post has been edited by Koranshita: Aug 20 2021, 10:17 PM
Koranshita
post Aug 20 2021, 10:33 PM

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QUOTE(Ramjade @ Aug 20 2021, 10:29 PM)
Pay SGD1.00 via CIMB for eYC. After that use fintech to transfer to remaining SGD999.

Recommended ones are bIgpay, transferwise, sunway money.
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I have done the another way.
I have bank in 1k Sd already to get it activated
It did show up my name and so on

But my cimb Malaysia still yet to appear my Singapore account. Already click link and submit. Need a few days.
Then only I do the small amount transfer via cimb

Is it ok? I ask my Fren help on this as he is Singapore.

If I got rejected the money should be sent back to the original owner right?

This post has been edited by Koranshita: Aug 20 2021, 10:34 PM
Koranshita
post Aug 20 2021, 10:44 PM

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QUOTE(Rama522 @ Aug 20 2021, 10:40 PM)
Once your account is linked in the cimbclicks, you should be able to view your sg account.
how did ur friend help you? you mean you asked your friend to transfer 1k to your account?
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Yup yup.. he did.. we save the exchange rate..I help him buy something from Malaysia. Win win

So either way will do right. Pay 1k first or link account first.

Koranshita
post Aug 20 2021, 11:00 PM

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QUOTE(Rama522 @ Aug 20 2021, 10:55 PM)
I guess it's fine(?). Never come across that, I only transacted using instarem/wise. And using fintech also considered as third party transaction. But as Ramjade mentioned, you will need to perform at least $1 transaction from CIMB MY to CIMB SG once account is linked. It is for e-kyc purposes - to verify your identity.
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Ya I read this too.. the min is for to.link ekyc. The balance sauce also need to tied to own name?

Will have to see after 2-3 after it links
Koranshita
post Aug 24 2021, 10:39 AM

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I submit and apply on friday night.
singpore office call me on monday
and today i already got the account linked to my CIMb.

super fast.

Koranshita
post Aug 24 2021, 12:02 PM

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QUOTE(thecurious @ Aug 24 2021, 10:47 AM)
You did the transfer of 1k through cimb itself then? No fintech right?
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no i ask my friend to transfer 1k from singapore directly. (any third party account)
only transfer SDG 10 from CIMBclicks to connect the line. ( the sales person say we can just transfer min SDG 1)
Koranshita
post Aug 25 2021, 01:49 PM

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QUOTE(Rama522 @ Aug 24 2021, 01:16 PM)
Naise! Next you will have to setup your digital token
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whats the next step?
the online tutorial only teach until the transfer 1 sgd via cimbcliks


Koranshita
post Aug 28 2021, 12:41 PM

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Got my code and registeed sg cimbclick. Now I know why so many ppl shock at it 🤣
Koranshita
post Sep 1 2021, 07:31 PM

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QUOTE(cempedaklife @ Sep 1 2021, 02:31 PM)
yeah. seems to indicate so in the email.
but its different from what my wife experience is last year. she got a phone call and ask her to transfer before getting the activation code.
so i thought of asking.

hopefully Koranshita can confirm too. i don't have issue with that. just better to seek clarity.
since I'll be asking my contact in sg to transfer the sgd1k

thanks for your response too.
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The call is most asking to verify before approve your account. If it's already shown in cimbclick and you are able to transfer the min to that account. No call not much of issue

Anyhow, I transfer the 1k even before they call me. Lol I straight bank in using 3rd party platform once I got the email and account number.


Koranshita
post Sep 2 2021, 09:53 AM

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QUOTE(cempedaklife @ Sep 2 2021, 08:14 AM)
so can you share your sequeuence?
so you:
1. got the email notification on signup
2. transfer the money sgd1k (not direct from cimb my or any sg bank under your name)
3. Link to CIMB  Click malaysia
3. got the call
4. Check CIMBClick if approved.  YES> transfer min via CIMB
4. got the activation code

correct?
yeah. i did email them right after i post here yesterday.
thanks for the suggestion
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my step might be no accurate as most ppl get the call and see the account in CIMB only transfer 1K. I do terbalik, belum approve already bank in.. which is dangerous also
Koranshita
post Nov 19 2021, 12:51 PM

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Didn't they say sg cimb from Malaysia no interest?
I just checked mine. Got interest le
Koranshita
post Dec 12 2021, 10:48 PM

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Hey guys. After using Singapore cimb for awhile (receive). Tried to transfer out this time. Kena ask for security devices? Anyone got their device? Need to apply? If not, can't transfer out to others? Only using within cimb?

Please advise
Koranshita
post Dec 13 2021, 11:15 AM

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QUOTE(LostAndFound @ Dec 13 2021, 06:21 AM)
Didn't you set up the CIMB SG app? That should give the code right?
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Found my way.
Yes, I need to activate the digital code before doing anything.

 

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