Opening a Bank Account in Singapore

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Opening a Bank Account in Singapore

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dreamer101	Aug 12 2015, 12:08 AM Return to original view \| Post #1
10k Club Elite 15,855 posts Joined: Jan 2003	Folks, Bump!! Anyone successfully open Singapore Bank A/C without living or working in Singapore?? Thanks Dreamer
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dreamer101	Aug 15 2015, 11:55 PM Return to original view \| Post #2
10k Club Elite 15,855 posts Joined: Jan 2003	QUOTE(myr.medinsurance @ Aug 15 2015, 10:17 PM) » Click to show Spoiler - click again to hide... « Opened one at DBS bank branch at Marina Bay Financial Centre. You have to open securities trading account with it. I opened one after GE 13. I realised how bad gerrymandering was and how screwed I will be if st hits the fan. My vote piled up uselessly in an urban seat with big majority while rural seats with small majority are the ones that matter. My advice is opening a Singaporean account is not worth it if less than SGD 30k. Interest rate is low so you have to invest in stock market (e.g. REIT or ETF). » Click to show Spoiler - click again to hide... « You need 1 or 2 times cash collateral to SELL** your shares due to how CDP is setup. myr.medinsurance, It depends on what is the goal of this A/C. If RM depreciate, even at 0% interest rate, it might be worth it. Dreamer
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