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 Opening a Bank Account in Singapore

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Mr.Weezy
post May 23 2017, 10:51 PM

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QUOTE(Ramjade @ May 23 2017, 10:29 PM)
All info can be found in this thread. Not sure if you are too late.

Rubbish. You don't need min SGD200k. Min to open is SGD3000. If you use maybank route, min is SGD500. Of course with SGD200k, higher chances thumbup.gif

I opened mine with DBS for SGD3k, maybank SG for SGD600, Cimb SG for SGD1k then I move the SGD1k out.

Keep in mind SG banks charge you if you have lesser then the min amount. Best bank for temporary parking is cimb fast saver as it's free (no min level) and give 1% pa.

DBS - need to be physically there. At MBFC. Ask for DBS Vickers account then only they will let you open bank account.
OCBC and UOB I think same procedure. Tell them you want to open trading account and bank account. I think can be done at raffles place as there is their HQ.
Maybank SG - Can be done in malaysia without visiting SG. Go download and fill up isavvy forms for malaysians.
Cimb SG - Online application but needs a local SG bank account first.

Not sure if DBS, OCBC, UOB and maybank SG close their doors. If door is close, then yes, you need min SGD200K to open.
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Man
if the thread title were spelt correctly, would've discovered this thread earlier laugh.gif
ok , noted with thanks
Mr.Weezy
post May 15 2021, 09:13 AM

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Very helpful video on YouTube that shows opening CIMB SG account, hope everyone that is researching in this topic is able to see this thumbup.gif
Mr.Weezy
post Jun 24 2021, 12:50 PM

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Anyone got experience on linking CIMB SG to CIMB Malaysia so that can wire transfer from CIMB SG directly to CIMB MY?

How long does it take for this to be approved?

Been 2 long days bye.gif


user posted image
QUOTE(Ramjade @ Jun 14 2021, 10:44 AM)
You can forget about it as you need to spend with their cards and pay bills with it unless you are in Singapore.

Go open stashaway simple or equivalent.
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Btw I plan to keep some SGD in my CIMB SG, other than Stashaway Simple, what other instruments best to park SGD with minimal risk?

Mr.Weezy
post Jun 24 2021, 03:49 PM

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QUOTE(nicemamak @ Jun 24 2021, 02:32 PM)
I linked CIMB Malaysia with CIMB SG. It took around 2 business days
I have the same thought as u that want to park some fund in SGD. The interest rate in SG is very low. No appetite at all. I keep the fund in SG REIT. Hopefully it is the right move. Wish to hear from experts to share too
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U linked via CIMB SG or MY?

CIMB MY was fast, 1 working day

but CIMB SG seems slower

for SG REITs, which platform do you use? Syfe ?

 

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