since you need to have a Letter from the human resource department of current employer, you can ask your HR department to check out the latest requirement for you?

May i know, why must DBS? POSB cannot use?

to many, initial deposit is a minor concerns,...i think the monthly account fees and the Fall-below fee of $ X.00 per month (if average daily balance < S$X,000), that is the major hurdle to many

This post has been edited by MUM: Aug 9 2018, 11:33 AM

during my time...it was $20 If I remembered correctly.
I currently had both DBS and POSB saving accounts
any way,..will leave my posting so that experienced people can help you.
bye for now.....

For customers who are residing overseas and would like to open a Premier International account in Singapore, please visit their Premier International Centre at 6 Claymore Hill #02-00 Claymore Plaza, Singapore 229571.

https://www.hsbc.com.sg/1/PA_ES_Content_Mgm...tant-things.pdf

https://www.hsbc.com.sg/1/2/hsbcpremier/hsb...tional/contact/

my uneducated guess is...
when you open this Fastsaver account, the CIMB Click Internet Banking account would also be created....
Use this CIMB Click to transfer? Can or Not?

googled and found this....
5 Centres to Exchange Money in Singapore: Best Rates
https://www.thebestsingapore.com/best-shopp...y-in-singapore/

Thanks for telling....
Btw, can you also tell how much is ti's little charges?.
Is it by % of per ATM withdrawal?
Or a flat rate per withdrawal?

try post 2116 page 106 by Kudo2012....
or can read back old postings or wait for responses

how much are you transferring weekly?

i think they should have a trigger point of the cumulations of transferred amount....
just not sure of the amount during the cumulation cycle time

thanks for sharing...5k/weekly...hopefully it is not "long" duration....
yes, I think it will trigger some sort of query in the long terms...1 mth 20k, 10 months 200k, etc etc...
but if into personal a/c, the income is taxed in M'sia and the income from the S'pore are reported,...I think not much of a problem to be queried...

This post has been edited by MUM: Mar 2 2020, 08:33 AM

may that's is why after the "enforcement" it is now mentioned in our income tax submission?
as per

good that you managed to do it...
just asking,...for the benefits of of NEXT person(s) that wanted one too.
since you just did it, your memory of the actions taken should be fresh.
could you list down the procedures/actions you took.
thanks

This post has been edited by MUM: Jul 2 2020, 11:50 AM

found it....(well most probably)
post 2801, page 141
very detailed post by forumer mrbean12345....
hopefully it is what eddysh wanted.

This post has been edited by MUM: Aug 7 2020, 12:03 PM

can the MYR1 method as posted above can?

Is it legal to ask my employer to pay salary in cash?
Would it be possible / within my rights to ask my employer (MNC) to pay my salary in cash instead of banking into savings account with banks?

Yes. Under Section 25 A (1) of Employment Act 1955, once you request (by letter) that your salary to be paid by cash or cheque, your employer must comply. This is law.

25 A . (1) Notwithstanding subsection 25(1), an employer may, upon a written request of the employee, other than a domestic servant, make payment of his employee’s wages—
(a) in legal tender; or
(b) by cheque made payable to or to the order of the employee.
https://www.lawyerment.com/answers/question...-salary-in-cash

Payment of wages other than through bank

25A. (1) Notwithstanding subsection 25(1), an employer may, upon a written request of the employee, other than a domestic servant, make payment of his employee’s wages—

(a) in legal tender; or

(b) by cheque made payable to or to the order of the employee.

(2) In the case of a domestic servant, the employer shall, upon the request of his domestic servant, obtain approval from the Director General for the payment of wages of the domestic servant to be paid in legal tender or by cheque.
more
http://www.pesaraonline.net/part5.htm

This post has been edited by MUM: Apr 29 2021, 10:29 PM

...but if 10k, if do it numerous time within a certain time frame,...will also trigger.
normally it will be the local bank that received your money that will contact you to ask for the reasons

try lurk or post at forex or bitcoin forums/treads...
i think there should be many sifus with real experience on that.

just wondering,...is it the SAME for this 2 Malaysians in Malaysia?

Malaysian "A", invest in Malaysia,...investing in Stashaway Msia, buy unit trusts that are mandated out of Malaysia from FSM MY, buying overseas ETFs and etc etc

Malaysian "B", invest by channeling money to (for example) Singapore to invest. (Open bank and investment a/c in Spore). Then invest in Stashaway Spore, buy unit trusts that are not mandated to have Malaysia's stocks in its holdings thru the use of FSM SG, buying ETFs and etc etc

just forget about the cost of investment for this discussion,....

This post has been edited by MUM: Aug 3 2021, 11:31 AM

i think i read before in this forums,...
other than the amount of money daily/monthly, it was mentioned the consideration may includes the total number of times made daily/monthly too....

Mind telling in your perspective, what is the most probable reason for them to close it?