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 Opening a Bank Account in Singapore

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asakura_hao P
post Nov 26 2019, 08:21 PM

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Help

I just tranfer SGD1000 to cimb fastsaver account, now I want to us Instarem to transfer it back to malaysia account. But I found out I can't tranfer using Instarem, the instarem seem like just allow me to tranfer from Malaysia MYR to other currency oversea.


asakura_hao P
post Dec 17 2019, 10:03 AM

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About opening CIMB FastSaver account, after transfer the initial deposit SGD1000, how long it take for your guys to receive the 6 digit First Time Login code?
asakura_hao P
post Dec 17 2019, 07:43 PM

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QUOTE(alexanderclz @ Dec 17 2019, 06:10 PM)
can i confirm what is the swift code for maybank and cimb singapore respectively?
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Just email to their customer service, they will respond very fast. I send email to CIMB SG, evening they already answer me as below. Not like here customer service took few days to weeks to respond.


Please find append below the information required for receiving telegraphic transfers:

1. Name of Bank: CIMB Bank Berhad Singapore
2. Bank Code: 7986
3. Branch Code: 001
4. SWIFT Code: CIBBSGSG
5. Your full account name
6. CIMB Bank Account Number
7. CIMB Bank Address: 50 Raffles Place Singapore Land Tower #09-01 Singapore 048623

Should you require further assistance on this matter, please feel free to call CIMB At-Your-Service (+65) 6333 7777 (open Mondays to Sundays between 9am and 9pm), Or send us an email at ATYOURSERVICE@cimb.com.

Will can try ask Maybank SG
asakura_hao P
post Dec 19 2019, 12:35 PM

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How long for Transferwise transfer money from SG to MYR?

First time use Transferwise, send money at Tuesday 17th 4PM until today 19th still haven't receive it.
asakura_hao P
post Dec 19 2019, 03:09 PM

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QUOTE(asakura_hao @ Dec 19 2019, 12:35 PM)
How long for Transferwise transfer money from SG to MYR?

First time use Transferwise, send money at Tuesday 17th 4PM until today 19th still haven't receive it.
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I just found out direct transfer from CIMB SG to CIMB MY is much cheaper than using Transferwise and is on the spot while I still waiting the transferwise for 3 days still havn't see my money bank in.

After linking FastSaver acc to my MY account get approved, Malaysian CIMB transfer rate is like this

SGD 330.70 >> MYR1009.30 (Rate 3.052 + Free of charge + On the spot)

While Transferwise is

SGD330.70 >> MYR999.97 (Rate 3.05549 + SGD3.43 Fees)

Direct transfer between CIMB much cheaper, RM10 gone! cry.gif cry.gif
asakura_hao P
post Dec 19 2019, 03:19 PM

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QUOTE(asakura_hao @ Dec 19 2019, 12:35 PM)
How long for Transferwise transfer money from SG to MYR?

First time use Transferwise, send money at Tuesday 17th 4PM until today 19th still haven't receive it.
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I just found out direct transfer from CIMB SG to CIMB MY is much cheaper than using Transferwise and is on the spot while I still waiting the transferwise for 3 days still havn't see my money bank in.

After linking FastSaver acc to my MY account get approved, Malaysian CIMB transfer rate is like this

SGD 330 >> MYR1009 (Rate 3.052 + Free of charge + On the spot)

While Transferwise is

SGD330 >> MYR1000 (Rate 3.05549 + SGD3.43 Fees)

Direct transfer between CIMB much cheaper, RM10 gone! cry.gif cry.gif
asakura_hao P
post Dec 20 2019, 12:20 PM

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QUOTE(asakura_hao @ Dec 19 2019, 03:19 PM)
I just found out direct transfer from CIMB SG to CIMB MY is much cheaper than using Transferwise and is on the spot while I still waiting the transferwise for 3 days still havn't see my money bank in.

After linking FastSaver acc to my MY account get approved, Malaysian CIMB transfer rate is like this

SGD 330 >> MYR1009 (Rate 3.052 + Free of charge + On the spot)

While Transferwise is

SGD330 >> MYR1000 (Rate 3.05549 + SGD3.43 Fees)

Direct transfer between CIMB much cheaper, RM10 gone! cry.gif cry.gif
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Amendment:
I want to amend the above:

Transfer from SGD to MYR via CIMB is much cheaper than Transferwise as stated above, (via after you link your cimbclicks.sg with malaysia cimb account.

However from MYR to SGD, via Transferwise will be cheaper than going through CIMB MY to CIMB SG.
asakura_hao P
post Dec 20 2019, 03:22 PM

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QUOTE(aspartame @ Dec 20 2019, 02:55 PM)
Ok, at least we know converting RM to SGD, TW is cheaper but then still does not make sense this is not the case if transfer SGD to RM! Maybe there is a hiccup in CIMB rates ...
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It should be no hiccup, the rate is automatic shown when you enter the amount to be transfer from cimb sg to cimb my (own account) and shown how much you need to paid( after successful link MY account at the cimbclicks.sg)

As Hasel also said cheaper and I remember from this thread somebody previously also said direct transfer back from SG to MY better.

because transferwise have extract fees and cimb don't have and cimb rate is just abit different from transferwise and it is immediately, the reason because it is their company internal transfer i think.

Finally after 3 days my money should be reach by today via transferwise (exhausted)

Next time I just direct tranfer from SG to MY via cimb
asakura_hao P
post Dec 21 2019, 08:32 AM

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QUOTE(alexanderclz @ Dec 21 2019, 12:42 AM)
thanks bro. very irritating that i spent 4 days waiting for them to process etc, then told me they need more documents. using BP instead, should arrive on same day.
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If you not confirm the SWIFT CODE , the better way is email or contact their customer services, they will response very fast as I did. This is the most efficient way, stop guessing
asakura_hao P
post Dec 21 2019, 10:15 AM

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QUOTE(alexanderclz @ Dec 21 2019, 09:51 AM)
sgd1500 only. cus im new user?
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Yup, because is first transfer, My first transfer via TransferWise also need submit documents for verification, i submited approved everything but in the end I cancel the transfer because I was testing it. Second time, my real transfer took it 3-4 days to complete.

This is my story for your reference.
asakura_hao P
post Dec 21 2019, 10:19 AM

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QUOTE(alexanderclz @ Dec 21 2019, 09:51 AM)
sgd1500 only. cus im new user?
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What documents required by them? I was required to submit a letter proved of address and driving license on first testing transfer.
asakura_hao P
post Dec 24 2019, 11:25 AM

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QUOTE(alexanderclz @ Dec 24 2019, 12:36 AM)
you are right

Thank you for your email.

With regard to your enquiry, for Retail (personal banking, privilege wealth and premier wealth), Private Wealth, SME - Retail, Small Medium Enterprises (RSME) Banking and Commercial Banking (CMG), the following is applicable.

Bank Full Name
Maybank Singapore Limited

Bank Code
7302

SWIFT BIC
MBBESGS2

Should you require any further assistance, please feel free to contact our Customer Relationship Executives at 1800-MAYBANK (1800-629 2265) or (65) 6533 5229 (Overseas).
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So for Maybank SG iSavvy account, should use:

Bank Full Name
Maybank Singapore Limited

Bank Code
7302

SWIFT BIC
MBBESGS2

?
asakura_hao P
post Dec 25 2019, 10:06 PM

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QUOTE(Ramjade @ Dec 25 2019, 06:27 PM)
If you are opening instagram Malaysia you still need to meet the in person. That's why for people staying like in Perak,  they don't serve that state hence need those people cannot open. You sill need to need to take leave and come to state which they serve and meet them manually.

If you are opening instarem Singapore, just sign up using MyInfo is enough. Then again you need a Singapore address before accepting you as a customer.
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I also opening the instarem account all going through online, snap photos driving license/ic, selfie, everything do online.

Afterthat everything done, just find out cannot use Malaysian instarem to transfer SGD to MYR, so I just change to TransferWise.

asakura_hao P
post Dec 26 2019, 01:44 PM

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QUOTE(MrBlackie33 @ Dec 26 2019, 12:23 PM)
anyone know how can i link cimb acc malaysia to cimb sg? cant see this option in my cimb clicks thou
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For your answer

https://www.cimbbank.com.my/en/personal/ban...via-clicks.html
asakura_hao P
post Dec 26 2019, 05:42 PM

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QUOTE(MrBlackie33 @ Dec 26 2019, 02:29 PM)
saw this also but cant even find the service section in my cimb click
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?? You using apps or website?
Think the Service button at left hand site is very obvious
asakura_hao P
post Apr 23 2022, 11:27 PM

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When try to apply for Isavvy MMB, it stated "your application could not be processed [S005], kindly go to nearest branch", "Fail Costomer profile checkup"

Help T.T
asakura_hao P
post Apr 24 2022, 01:29 AM

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QUOTE(!@#$%^ @ Apr 24 2022, 12:21 AM)
do u have existing mbb my account?
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I do
asakura_hao P
post Apr 24 2022, 09:53 PM

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QUOTE(leetan33 @ Apr 24 2022, 08:44 PM)
I have a feeling that the online application was not activated yet, hence the failure in processing or issuance of OTP.
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I saw some where stated OTP will be issued only during 9am to 9pm or else will be send via email. Maybe during your application is off working hour
Do you check your email?
asakura_hao P
post May 31 2022, 10:49 AM

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QUOTE(sidefulnes @ May 30 2022, 06:31 PM)
Just to update, I have received my letters  rclxm9.gif
Only pending the $500 transfer
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It took 2.5 month from your submission to approval?

 

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