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 Opening a Bank Account in Singapore

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cklimm
post Nov 7 2015, 08:28 PM

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QUOTE(iloveusms @ Nov 7 2015, 07:56 PM)
hi bro,if above 30k how about interest? smile.gif
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around 0.1%

cklimm
post Nov 7 2015, 10:04 PM

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QUOTE(iloveusms @ Nov 7 2015, 09:25 PM)
i see bro,any low risk investment can reach 4-5% yearly? smile.gif
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you should aim higher, like 6-7%,
and dont target for one year only, earn that for 40 years
cklimm
post Nov 8 2015, 10:48 PM

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QUOTE(iloveusms @ Nov 8 2015, 10:22 PM)
can?mind to share smile.gif
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KWSP, capital guaranteed, consistent 6++% dividend for past 5 years.
http://www.kwsp.gov.my/portal/en/web/kwsp/.../dividend-rates
cklimm
post Oct 15 2018, 10:57 PM

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QUOTE(myprop9 @ Oct 15 2018, 03:25 PM)
Follow up from the above, submitted Application Form to open iSavvy on 5 October 2018 and Account was approved on 12 October 2018 of which MBB Singapore have advised that they have sent out the Welcome Package to me on the same day.
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Dude, which branch did you applied for your SG account? Unker applied mine at 2 Oct, and no news till now.
cklimm
post Feb 10 2019, 10:06 AM

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People, do we have to declare our M2u.sg account to IRB? If so, how?

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cklimm
post Feb 11 2019, 02:34 PM

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QUOTE(hyperzz @ Feb 10 2019, 05:43 PM)
Nope, you don't have to.
Most people are not aware that Malaysia, along with many other countries (SG included), has joined the AEOI (Automatic Exchange of Information) and implemented CRS (Common Reporting Standard).

AEOI & Malaysia
LHDN & CRS

Under CRS, all non-resident accounts will be automatically reported to the account owner's tax authority.

Therefore, for Maybank iSAVvy account held by Malaysian residents, Maybank SG is required to report the account automatically to LHDN.
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In short, Maybank SG has declared to IRB for our behalf.
cklimm
post May 26 2019, 12:30 AM

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People, any cheaper way to send money from SG to Malaysia?
M2u.sg charges $15
cklimm
post May 26 2019, 04:19 PM

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LOL, there's quite some conversations since I was asleep, for CIMB sg, it is ikut the bank conversion rate right?
Guess CIMB will be hefty for larger amount, while transferwise's 0.6%, makes it worthy up to $2500, as more than that we have M2u sg flat rate of $15% dah
cklimm
post Jan 8 2020, 10:02 PM

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QUOTE(alexanderclz @ Dec 27 2019, 05:53 PM)
transferred money from isavvy to fastsavers to activate the account since 24th, but still no activation sms. emailed them a couple of days ago still no action.
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So has CIMB sent you the activation sms?
cklimm
post Jan 8 2020, 10:10 PM

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QUOTE(asakura_hao @ Dec 26 2019, 01:44 PM)
Okay, I have linked the sg account with local cimb clicks. And I can only view the balance in Fast Saver account.
What needs to be done in order to enable transfer of the SGD balance?
cklimm
post Jan 11 2020, 01:53 PM

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QUOTE(alexanderclz @ Jan 8 2020, 10:05 PM)

with regards to this, they did activate the account and sms after probably 3 days of follow up emails. maybe a bit slower cus i transferred from isavvy to fastsavers instead of from cimb malaysia to cimb sg.
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Same thing man, I found that cimb MY to SG costs 3090, where instarem costs 3040. I also did it using isavvy
cklimm
post Mar 1 2020, 03:29 PM

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Dear proud holders of Sg account(s), are we now obliged to declare this on efiling?

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This post has been edited by cklimm: Mar 1 2020, 03:30 PM
cklimm
post Apr 7 2020, 11:21 PM

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QUOTE(WilliamLim @ Apr 7 2020, 05:40 PM)
Hi Sifu, I just submitted application for cimb SG fast account and received account number, but haven't transfer 1ksgd yet.. I tried to link the SG account from cimb MY to do transfer but can't find the SG account link option from cimb MY>service>link account.. Anyone can help to advise? Thanks.
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It took them a week prior to MCO and circuit break, guess it will take longer now. Just transfer and activate as usual.
Do double check the account number.
cklimm
post Apr 20 2020, 07:59 PM

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QUOTE(ben3003 @ Apr 20 2020, 07:50 PM)
Guys how to you transfer from your singapore account to malaysia? i tried instarem but need to register instarem singapore for this purpose.. and register instarem sg need sg address.
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i will use cimb sg to cimb my
cklimm
post Apr 25 2020, 08:39 PM

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QUOTE(jake9110 @ Apr 25 2020, 07:52 PM)
Hi guys, I just opened my cimb fastsaver account and about to fund the account. Looking through the comments in this forum, it's usually from cimb my to cimb sg. But did anyone tried funding using instarem and to fund minimum (eg. SGD 10) from own cimb account? Would it still recognize as our own fund transfer?
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QUOTE(Ramjade @ Apr 25 2020, 07:55 PM)
Transferwise most of the time expensive vs instarem. Is the only fintech I will use for bringing money back to Malaysia should there be a need. There is another fintech based in singapore which allows malaysians to open an account online. Have not tried them yet. But I know this fintech rates is the cheapest.

Cimb sg rates sometimes better than transferwise. Surprisingly. Forget about xe. We cannot use XE. XE is only for westerners.
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I am actually using BigPay to transfer to SG. Yes, it is not the best rate, but what else gives you 50 days of interest free period?
cklimm
post Apr 25 2020, 08:41 PM

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QUOTE(Ramjade @ Apr 25 2020, 08:40 PM)
Hehe... Only RM10k each time right?
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used to be 10, now 5
cklimm
post May 8 2020, 03:44 PM

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QUOTE(David_Yang @ May 8 2020, 03:41 PM)
Sure, but I highly doubt that a non-priority customer will be entertained. I mean OCBC not even help their priority clients if they are not super priority and willing to throw a lot of money in the garbage bin by accepting a terrible exchange rate.

At CIMB they need to post documents to Singapore (yes, POST, no electronic mail), make phonecalls to the Singapore branch and so on. If you not have a RM that is willing to do this, you surely have to go to Singapore. Or did you manage to make someone outside the priority center in Maybank do it for you?

By the way, because of the long snail mail process I decide to show up personally in Singapore also, anyway was in mood for a 2 day food trip without the family biggrin.gif
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food trip in singapore, seriously?
cklimm
post May 10 2020, 03:57 PM

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QUOTE(KeSToN @ May 9 2020, 09:26 PM)
hi i followed the steps after registering and getting their email and sms.

Note: For applicants with CIMB Malaysia accounts, you may link your new CIMB FastSaver Account to Malaysia CIMB Clicks Internet Banking. Thereafter, perform a transfer from your own CIMB Malaysia Account to activate the CIMB FastSaver Account. For more information, please visit: https://cimbbank.com.sg/my2sg

the link given above doesnt work

anyway i tried to link using this guide https://www.cimbbank.com.my/en/personal/ban...via-clicks.html but hit a dead end

user posted image

clicking on link account

user posted image

cant find the "Link Account > Singapore Accounts"

any pros here mind to help? thank you
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When was your application? you need to wait for the sg account to be open, and activated. This process can be slower due to massive covid circuit breaker (MCCB) there
cklimm
post May 10 2020, 04:05 PM

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QUOTE(Gwynbleidd @ May 10 2020, 04:01 PM)
After completing my application I immediately linked my MY account. Didn't have to wait. I applied last week. It seems in his screenshot he doesn't even have the link SG account option which should below the PRS option.
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that is weird, last time I dont even see debit card number in the drop down. I dont have one anyway
cklimm
post May 19 2020, 11:39 AM

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QUOTE(livellorT @ May 18 2020, 08:38 PM)
May I ask, what to do next after linking the SG account. I've successfully key in the IC at the SG account tab.

Is this step correct?

1. Wait for CIMB SG reply on the linking.

2. Once approved, transfer SGD1000 to SG account.

3. Then only apply for the CIMB Clicks SG??
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Yeah, pretty much that. Do note that the process will be slower due to CCB


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