Reviving old thread... can I open SG UOB bank account through MY UOB bank account?
Opening a Bank Account in Singapore
Opening a Bank Account in Singapore
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Nov 19 2012, 08:51 AM
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Reviving old thread... can I open SG UOB bank account through MY UOB bank account?
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Nov 19 2012, 06:23 PM
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bump^
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Nov 19 2012, 10:08 PM
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Nov 19 2012, 11:16 PM
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QUOTE(jjsia @ Nov 19 2012, 11:02 PM) 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. This is the info i gather from internet: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. 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. |
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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. Is there any way I can open a SG UOB account in Malaysia? I gona call UOB later.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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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 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. Private account: Duno |
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