For me, I have POSB and OCBC (Singapore) saving accounts. Do I still need to open a Maybank Singapore saving account? So, is it cheaper to move fund between Maybank Malaysia saving account and Maybank Singapore saving account?

For now, I use Visa Direct to transfer fund from Maybank Malaysia saving account, to my POSB saving account. The fund is transferred via Visa network, into my a debit card linked with my POSB saving account. Then, via FAST, I can transfer fund between POSB and OCBC (Singapore) saving accounts, for free.

Yeah, this method may not be the cheapest method, so I am open to any suggestion from you all, on the cheapest and best way to move fund between Malaysia saving account and Singapore saving account.

Thank you for your advice. 

1) If you have a DBS Account, you can use a facility called DBS Remit, and remit to Msia without charges at all.

2) There is NO charge imposed by Maybank Msia for inward remittance from an Sgp Bank.

DBS needs min SGD3k or they start charging you.

I love yr profile photo, Shin,...

Nobody can help out on account opening?

What about Maybank and DBS/POSB, will they allow Malaysians to open a savings account without needing an EP ?

I dont mind going down to Singapore to open an account there. But Singaporeans bank are requesting for a work permit and related employer documents to let me open an account which I dont have as Im not working in Singapore. Any other ways or banks to go about that?

Care to share which maybank branch to visit?

U mentioned selected branches but I cant find anything online. Any specific branch would you recommend?

Your advice is highly appreciated. 
Thanks for your input, ShinG3e. 

The instant transfer method you mentioned is done over the bank counter, right?

Hansel
Thank you for your advice. I shall open a Maybank Singapore saving account, as you recommended.   
Yes, I agree with you that opening too many saving accounts in Singapore is a hassle and troublesome to maintain. But, as Hansel mentioned, fund transfer between Maybank Malaysia and Maybank Singapore saving account is the second cheapest method, after DBS Remit. In this case, the benefit outweighs the inconvenience.
Just to confirm, you are suggesting Maybank iSAVvy Savings Account, not iSAVvy Savings Plus Account, right?

Is it possible that at the time of saving account opening at selected Maybank Malaysia branch, I choose not to buy a SGD 500 bank draft? Once I have the account number for Maybank Singapore iSAVvy Savings Account, I will transfer SGD 500 from my POSB saving account, via FAST.

It should be possible, right? In the iSAVvy form you gave, it is stated:"Please place a deposit within 30 days from the date of account opening.". So, Maybank Singapore should allow the zero account balance within 30 days from the date of account opening.

Gentlemen,.. perhaps I'm a bit over-careful, but I would look at it this way. Different bank accounts have different qualities. For SG Banks, if they allow us to open bank accounts, I would open a few. I would capitalise on the good qualities carried by each particular bank acct, eg :-

1) Doing a TT from DBS using DBS REMIT is cheap, so, open one bank acct at DBS.
2) If DBS REMIT is stopped by DBS, and fees start, then to move funds between Msia and Sgp, the cheapest way that I know of would be by Maybank. So, open one at Maybank.
3) Standard Chartered brokerage charge is the cheapest in Sgp, so open another at Stanchart, Sgp...
4) If, seuy suey,... should one day, Stanchart stops its equities service, then can shift over to DBSV if you have a DBS Acct..

BUT : as in everything, there is a downside. The downside to opening too many bank accts is the minimum balance that need to be put into each acct..

The second one is damn good

I checked the website - http://info.maybank2u.com.sg/personal/depo...gs-account.aspx

It's says foreigners must have passport and employment pass to open iSavvy savings account. Has anyone tried opening the account and is successful without EP?

ShinG3e

For Maybank iSAVvy Savings Account,

1. Can I register my Malaysian mobile phone number, for receiving Transaction Authorisation Code (TAC) via SMS, to be used in Maybank Singapore Online Banking website? I do not have a Singapore mobile phone number. Yea in the papers it is registered your MY mobile number. It will send the TAC there.

2. Once the saving account has been opened in Maybank Singapore, they will send Maybank Platinum Debit Card, and Security Token to our residential address in Malaysia, say after around 2 weeks later, right? Hopefully, upon receipt of the card via mail, I can activate the debit card in Maybank Singapore Online Banking website, without using a Maybank ATM.
Yes you can activate it online. There is an instruction in the letetr for you no worries.

3. As long as my balance in the saving account is more than S$ 500, there should not be any other fee incurred to the account, right? 
Yea. Just take note on the annual fee for using the debit card (can't recall how much they charge). and once awhile, make 1-2 transaction to keep the account active.

4. Is it possible to select a specific branch to be our home branch? For example, I want Maybank Bedok branch to be my home branch in Singapore.

Thank you very much for your information. 

No worries, ShinG3e. You are already very helpful to us here, and I cannot thank you more.   

Here, we may not know everything, but we try to share our real-life experience of using the banking product, for the benefit of everyone here.    These information is way better than the misleading information, given by the clueless Customer Service Officers.

As shown in http://info.maybank2u.com.sg/personal/depo...debitcards.aspx, the Maybank Platinum Debit Card, bundled with Maybank iSAVvy Savings Account, does not have any annual fee. That is good. 

It is useful when you travel to Singapore and need cash or buy things....also, if it is cheap money to you, can use to pay for goods and purchases online and overseas...

It's 2.4 to me, and I have used it to pay for hotels in Japan...

For me Maybank MY no reply until now. Already 1 month +. No call nothing, no package.

Since I everyday I wait, chances of opening are becoming slimmer. Decide to head down myself.

No reply la. No package also. Why else would I go down Singapore if Maybank can open. Maybe you are lucky. I went Maybank Shah Alam. Useless. Should have follow your advise and go Maybank 1 Utama.

What do I say to them? I don't have like a complaint number (a reference number for the customer service to check) I am sure Maybank SG will not divulge out their customer application info just like that.

Hi everybody, if i bring SGD cash like 1000SGD, i'm not SG PR nor employee of SG, can I open savings acc in Maybank SG? because web stated all savings requires PR or employment letter to apply

Yes I have savings account. but i need to deposit my physical SGD into savings acc, can be done?

Yeah, that's why i think to go SG to open acc, since local Mybank requires me to purchase SGD from bank to deposit into local foreign currency account (which way to expensive), so if i go to SG maybank branch, can open savings without PR nor Employment letter?

based on Maybank SG website, they do require those documents like Eletric bills/Water bills/PR/Employment later.

Those who kena tangkap are the really big fishes. I would suspect those are money changers transferring huge amounts for clients who do not want to go through proper channels.