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 Opening a Bank Account in Singapore

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Seng_Kiat
post May 19 2016, 10:18 PM

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QUOTE(gark @ Jun 2 2010, 02:55 PM)
Recommend DBS bank for Malaysian to open bank account in Singapore. Easy to open, excellent service (much better than Malaysian banks  vmad.gif), just 10-15 minutes, they even fill in the bank opening form for you. Also instantly eligible for ATM/debit card, internet banking and secure device.

Requirements :

1. Malaysian IC
2. SGD 500 minimum deposit

Benefits:
1. Platinum ATM/VISA debit card, free of charge
2. Will send statement every month to your Malaysian home address, free of charge
3. Can use internet banking anywhere (using a secure device), free of charge
4. Can register your Malaysian HP no for internet banking message, free of charge
5. Online bank fraud refund guaranteethumbup.gif

Cons:
1. No Malaysian bank presence
2. SGD 2 fee per month of your account value falls below SGD 500
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In Malaysia, we are in restriction of sending money oversea for equivalent RM10k or over. At least that is Maybank. Some other bank has a little bit higher limit but not enough. How about DBS singapore? Still the same?
Seng_Kiat
post May 7 2017, 07:13 PM

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if I own a company in singapore, possible to open an account?

how long it takes to open? Can I just walk in to the bank?

Thanks.
Seng_Kiat
post May 7 2017, 08:43 PM

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QUOTE(Ramjade @ May 7 2017, 07:23 PM)
Yes. Company is easy. Walk into any bank you like. SG is one of the easiest place to do business in the world.
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I mean account for individual since I have a company there. company account already have. I need personal account for me. possible to just walk in and get it open on the same day?

what is the normal requirement i need for personal account?

thanks.
Seng_Kiat
post May 9 2017, 06:24 AM

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QUOTE(blueblueoutofblue @ May 8 2017, 07:21 PM)
Is your name in the company shareholder ? Like director ?
Or do you have any investor permit ?
Or do you have work permit issue by MoM under ur company name?

If yes, you can open any account in Singapore , albeit need a referral letter from your own company smile.gif
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Yes, I am the share holder and director of the company in SG but I dont posses investor or work permit.
Seng_Kiat
post Dec 18 2019, 07:16 AM

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QUOTE(Hansel @ Nov 27 2019, 11:14 AM)
Bro,... a quicker way would be to open a CIMB Msia acct and link this acct to fast saver CIMB SG.

You can convert back immediately AND ACCESS YOUR FUNDS IMMEDIATELY BY GOING TO A CIMB MSIA ATM.

Rates are good too,... NO need to develop headache over porting over to Instarem first.
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Can I open CIMB Fast Saver if I am not PR/Working there? Can it be done online too? or Need to visit the branch? Thanks
Seng_Kiat
post Dec 18 2019, 07:59 AM

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QUOTE(Ramjade @ Dec 18 2019, 07:39 AM)
Have you read this thread?
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No, that's why I ask for spoon feed. icon_idea.gif icon_idea.gif icon_rolleyes.gif
Seng_Kiat
post Dec 18 2019, 10:17 PM

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QUOTE(Hansel @ Dec 18 2019, 06:13 PM)
biggrin.gif

Yes bro,... you can. Just follow the steps in the CIMB SG website. If you have a CIMB Msia account, you can use this acct to transfer in the SGD1000 to activate your acct...

After you bank-in the SGD1k, you need to wait one day for the acct to be activated.

Sometimes, CIMB SG may ask you to send them again some identification documents because they may have 'lost ' the earlier documents you emailed to them. Just follow their requests.

No issue, bro,...
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Thanks alot bro. Appreciate your feedback. Will give a try later.

 

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