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 Opening a Bank Account in Singapore

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Selectt
post Nov 19 2012, 08:51 AM

wattttt!!
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Reviving old thread... can I open SG UOB bank account through MY UOB bank account?
Selectt
post Nov 19 2012, 06:23 PM

wattttt!!
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bump^
Selectt
post Nov 19 2012, 10:08 PM

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QUOTE(snowbreeze @ Nov 19 2012, 07:56 PM)
Minimum deposit s$500 or they will charge maintainance fee tongue.gif
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even in OUB?
Selectt
post Nov 19 2012, 11:16 PM

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QUOTE(jjsia @ Nov 19 2012, 11:02 PM)
You can search online for that info.  rclxub.gif
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tried searching the info... apparently only high networth of individual are likely to get to open bank account? for non-resident, non-pr, non-permit?

QUOTE(MilesAndMore @ Nov 19 2012, 11:06 PM)
Yes. And it is one the lowest in Singapore already. The other two Singaporean banks require you to keep an average balance of S$1,000/month to avoid the account service fee. It used to be only S$500 only at DBS but foreigners are not allowed to open that account anymore.

Anyway, do bear in mind that if you do not work or live in Singapore, the bank reserves the rights to reject your application to open an account.
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This is the info i gather from internet:

Non-resident foreigners may also open personal bank accounts but banks are usually reluctant to do so, the processes/criteria being more stringent. High networth non-resident foreigners may also have access to banks in Singapore via private banking channels.
Selectt
post Nov 20 2012, 09:27 AM

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QUOTE(MilesAndMore @ Nov 19 2012, 11:27 PM)
They will no doubt ask you why do you want to open a SG bank account when you do not work or live there.
Not necessarily must be a Private Banking customer. Mass Affluent Banking customers such as HSBC Premier, Citibank CitiGold or Standard Chartered Priority Banking is another alternative to open a SG account.
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Is there any way I can open a SG UOB account in Malaysia? I gona call UOB later.
Selectt
post Nov 20 2012, 02:35 PM

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QUOTE(MilesAndMore @ Nov 20 2012, 01:11 PM)
I know you can open a UOB Bank Singapore account without going to Singapore but i think it applies only to the UOB SG Privilege Account and UOB SG Private Banking Account. For normal account, you will still need to go to Singapore yourself but as i said earlier, there is no guarantee that they will open the account for you if it is a normal account. For UOB Privilege or UOB Private Banking Account, it usually is no problem and the opening of either of these two accounts can be done through email+DHL    smile.gif
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Here is the information:

Privilege account:

2. MEMBERSHIP
To qualify as a UOB Privilege Banking customer, you must maintain at all times a minimum required monthly cash deposit and/or investment balance of S$350,000 (or its equivalent in a foreign currency) as the Bank may decide from time to time in any of your accounts. brows.gif


Private account:

Duno brows.gif


 

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