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 Opening a Bank Account in Singapore

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icemanfx
post Aug 7 2017, 07:30 PM

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QUOTE(timo1003 @ Aug 7 2017, 02:28 PM)
sad.gif Thanks for the response anyway.
As above. I've already prepared everything. Just waiting for the form to be processed. Was told about the 'additional' criteria. Could you suggest /pm a particular branch in kl where it's possible to do so?
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If meeting dbs treasure, citigold sg criteria, they will be more than happy to open multiple currency account. Certain private banks may send their rm to your office to collect forms personally.

This post has been edited by icemanfx: Aug 7 2017, 07:45 PM
icemanfx
post Apr 21 2018, 12:02 PM

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QUOTE(Showtime747 @ Apr 20 2018, 11:01 AM)
I thought this thread is for the masses, ie. not talking about Priority banking opening account in Sg.

If a person is eligible for priority banking, that is another approach.

Heck if you are also eligible for priority banking or even better, private banking in Sg, that is another approach. Your wish is their command. Just ask the Sg RM to fly to Malaysia and meet you at your office. What problem to open a Sg account for Malaysian if we talk about Priority or Private banking ? We don't need this thread anymore
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According to a wealth report, only about 0.3% of adults in this country have over us$1m net worth. investable assets considered by banks is normally a portion of net worth.

priority banking in sg is in sgd, hence few people qualify. those who asked about pb in sg in public forum are either not qualified or suddenly rich.

there are more indonesian pb customers in sg than from this country.

with the implementation of crs, hasil will aware of amount held in sg banks.

This post has been edited by icemanfx: Apr 21 2018, 06:38 PM
icemanfx
post Apr 22 2018, 04:27 PM

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QUOTE(sikentut @ Apr 22 2018, 11:39 AM)
In relation to private banking, am happy to recommend people for PB as I have contacts in there but they don't accept anyone under USD1m(UOB).

I don't want it to be a waste of my time and their time so read between the lines
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Those have us$1m investable assets are almost certain to have priority account; if they are qualified for private, their existing r.m or senior r.m will advise them of options.

Those ask for private banking in lyn are unworthy at best.

This post has been edited by icemanfx: Apr 22 2018, 04:34 PM
icemanfx
post Apr 22 2018, 04:31 PM

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QUOTE(Chrono-Trigger @ Apr 22 2018, 12:08 PM)
Someone told me, if you can beat inflation with your investment in Malaysian assets with Ringgit , you don't actually need to put money in foreign currencies.

He told me, only invest in foreign currencies, if you have plans to migrate/ send children oversea. Otherwise , invest in ringgit assets that give you return of more than inflation rate.  Wealth is still preserved.

True?
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Myr depreciated against sgd from 1 to 3 in last 30 years and this trend is likely to continue.

icemanfx
post Apr 26 2018, 12:23 PM

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QUOTE(Hansel @ Apr 26 2018, 12:06 PM)
Actually,... this statement is not truely accurate,... sorry,... to me,...it's okay if MYR depreciated against ANY CURRENCY of the world, PROVIDED the cost of goods and services in the country DID NOT INCREASE. Right ?

My family is in Australia, now the AUD weakens vs the RM and SGD, BUT the price of goods and services in Australia now did not increase !! So, no issue, right ?
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Unlike Australia, over 50% of foods or raw materials in this country are imported.

QUOTE(Hansel @ Apr 26 2018, 12:13 PM)
I'ma private banking client myself,... in a few banks. Actually, except for one bank, most of the private banking services can't really help us invest effectively. I can do better in investments than most of them,... at least till now,... since 2005....

I think no need to put into private banking-lar,... just follow this forum,... talk to people nicely,... read the right materials, can do better,....
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Mean many here are multimillionaire investors or should be head hunted by investment banks.

icemanfx
post May 1 2019, 02:40 PM

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According to bnm kyc guidelines; bank should only accept foreigners with work permit if his employer has bank account there.

icemanfx
post Aug 26 2019, 04:31 PM

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QUOTE(Ramjade @ Aug 11 2019, 02:46 PM)
Mine was 2-3 hours plus. I was like what the hell. It's Singapore man. Even slower than our BSN. This happens in DBS.
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Over one hour on compliance, half hour trying to sell products, manager approval, etc. That's why many are not keen to open new account.

QUOTE(Ramjade @ Aug 26 2019, 01:55 PM)
Only if you priority customer. Also need to see whether Singapore side require you to be priority member or not.
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Unlike HSBC, need citigold in sg also.

This post has been edited by icemanfx: Aug 26 2019, 06:37 PM
icemanfx
post Dec 25 2019, 11:30 PM

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QUOTE(jack2 @ Dec 25 2019, 11:27 PM)
No. If my location cannot open account, sure they will tell me so. Now they claimed that it is their internal policy and cant tell me why.

I believe that they must google my name and found that I have companies in oversea and thought that I am going to do money laundering. The reason why they can't disclose they reason is, they afraid of salah by saying that I opened the account for money laundering and being sued.
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Red flag or blacklisted.

 

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