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 Opening a Bank Account in Singapore

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deadravel
post Oct 24 2016, 03:05 PM

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QUOTE(heavensea @ Oct 23 2016, 10:54 PM)
Hi sifu-sifu,
I want to open "normal" + CDP account at Standard Chartered.

Any other recommendations of sg banks with low transaction charges? My main purpose is trading sg REITs.

Opening account should be done in one day? I'm not jb lang, so it's quite hassle for me to revisit sg again and again.

What kind of documents that I need to open these two accounts? Should I simply bring cash of sgd or there's other safer way to do so?
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1 thing, SC dont use CDP for trading acc. they hold ur stock in custodian acc. thats why their fee is lower.

----
if u still wan to open sc saving acc + trading acc with them

esaver is the basic saving acc they offer. have to keep $1k in acc to avoid the $5 fall below fee.
but im not sure whether u can open or not. check the requirement https://www.sc.com/sg/save/saving-esaver.html

if u manage to open the acc, just tell them u wan to apply for the online trading acc as well. the cs will help u to apply.
they will ask some question like do u invest before, etc. thumbsup.gif

deadravel
post Oct 24 2016, 06:04 PM

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QUOTE(heavensea @ Oct 24 2016, 05:07 PM)
Thanks pal, it's very good feedbacks for some newbie like me.
What's your recommendations of banks/trading accouny, I just want to invest in lower risk products like Singapore REITs.
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im sorry im not qualify to suggest u any yet. im just starting my journey as well.
sc charge 0.2% rate at $10 minimum fee
but even malaysia brokers allow investment into SG ma not meh.
is the cost much higher if compare to SG brokers?
deadravel
post Oct 24 2016, 07:16 PM

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QUOTE(prince_mk @ Oct 24 2016, 06:58 PM)
I m also using SC trading account. Quite okay.

for more info what reits to buy, u may always join us at

https://forum.lowyat.net/index.php?showtopi...&#entry82238078
*
hi, r u working in sg?
deadravel
post Oct 24 2016, 08:33 PM

free RAM =wasted RAM
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QUOTE(prince_mk @ Oct 24 2016, 07:52 PM)
No. I m in KL sad.gif how abt u

U invested in reits and etf?
*
oh. then u can share how u open up ur sc saving acc n trading acc with heavensea

im currently based in sg. just started investing in sg sti etf only.

 

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