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 Opening a Bank Account in Singapore

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gaijin
post Jul 21 2022, 12:42 PM

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172 posts

Joined: Apr 2006
Sorry I dont see any FAQ on 1st page ... are malaysians on tourist visa allowed to open Singapore savings account ? Which bank can ?

Thanks in advance

Only reference found is from below quotes ... but not sure still valid ?

QUOTE(Ramjade @ Feb 20 2022, 10:13 AM)
You didnt go your homework enough. Come I spoon-feed you
There's only one bank in sg which accept Malaysian without sg address or if you are not working/studying sg.

Cost to maintain account varies from SGD3000-SGD0.00

But you need to be physically there to open account. No online opening account.

That's bank is DBS. But you need to open their DBS Vickers account. After that see what account they opened for you.

If it's a DBS multiplier you need to maintain sgd3k for 6 months.
If it's a DBS My account it cost sgd0.00 to maintain account.

If you get a DBS multiplier account, you can switch to DBS My account after 6 months via online.

Hope that helps.
QUOTE(esyap @ May 31 2022, 12:52 PM)
I tried couple weeks ago when the border opened at Jurong Branch but failed to get my DBS Acc opened. Vickers oso not possible.  Only possible to open their Wealth Acc with min. SG300K maintained, otherwise will have bank changes and if you thinking of closing your ordinary savings acc after ur Wealth Acc opened, tat wont work too, all Acc will be linked and if Wealth Acc closed, semua closed smile.gif

Pls share ur experience if u managed to open ya. Maybe u have better luck. But my impression is they are getting more strict as my fren who oledi have Sg OCBC Acc applied for a Debit Card and CS asked for his work permit pulak
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This post has been edited by gaijin: Jul 21 2022, 01:03 PM
gaijin
post Jul 25 2022, 11:04 AM

Getting Started
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Junior Member
172 posts

Joined: Apr 2006

Walked in to following banks in raffles place area :
1) Maybank - require mandatory investment commitment of $1k per month for 15 years shocking.gif
2) CIMB - cannot open savings without work/student/etc pass
3) DBS - cannot open savings without work/student/etc pass




QUOTE(gaijin @ Jul 21 2022, 12:42 PM)
Sorry I dont see any FAQ on 1st page ... are malaysians on tourist visa allowed to open Singapore savings account ? Which bank can ?

Thanks in advance

Only reference found is from below quotes ... but not sure still valid ?
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