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 Opening a Bank Account in Singapore

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jack2
post Jun 22 2016, 09:18 PM

Mr
********
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I may go Singapore UOB to open.
jack2
post Nov 16 2016, 04:30 PM

Mr
********
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Joined: Oct 2004
QUOTE(Ramjade @ Nov 15 2016, 06:51 PM)
I have maybank and scb. Can I asked referral letter from this 2 bank to let me open account?
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I an with UOB and they issued me reference letter to UOB Singapore and open account.

I need to find time and fly to Singapore.
jack2
post Feb 27 2017, 04:20 PM

Mr
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Just filled and submitted the isavy application form to the branch.

How long to get it processed and approved?
jack2
post Feb 27 2017, 04:40 PM

Mr
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QUOTE(Ramjade @ Feb 27 2017, 04:25 PM)
1 month.
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So long but not guaranteed to get it approved right?
jack2
post Feb 27 2017, 05:30 PM

Mr
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QUOTE(Ramjade @ Feb 27 2017, 04:47 PM)
Nope. No guarantees. Lost in the mail (luckily found back), delayed because of FACTA forms (like mine case also).

But usually quite high successes rate.
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[B]

The form has many pages but just simple information requirement.

Another info is tax number.
jack2
post Feb 28 2017, 12:44 PM

Mr
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QUOTE(tifosi @ Feb 28 2017, 11:39 AM)
Ok, the staff was wrong. They called me and say 2 things are missing.  shakehead.gif

1) My demand draft of SGD 500.
2) My local income tax no.

Got both done this morning and they say they will courier the docs over to Singapore today.
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I was not asked for demand draft. The staff said they will open the account and request to do so upon request.
jack2
post Feb 28 2017, 01:39 PM

Mr
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QUOTE(CharmaineLee80 @ Feb 28 2017, 01:21 PM)
My sis went to Penang branch to open iSavvy account, and being ask whats the reason to open the account.

Wanna ask what reason you guys use?
Saving seems not a good one.
Education requires supporting document.

Pls help.
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of course savings la.. takkan put hedge against MYR?
jack2
post Mar 3 2017, 12:15 AM

Mr
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QUOTE(elea88 @ Mar 2 2017, 09:14 PM)
Anything online can ... tranfer funds in , transfer funds out.. online banking stuff is not an issue.

only that i curious call them ask if I can use the DEBIT CARD for shopping... and if i put into MAYBANK singapore atm for withdrawal she say cannot. Need walk into MBB SG to activate pin no.

however can withdraw from MSIA ATM using the pin that was mail to us.
i hv not test this out.
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How long you got everything done?

Are you able to open USD account through online besides SGD?
jack2
post Mar 3 2017, 01:18 AM

Mr
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QUOTE(Ramjade @ Mar 3 2017, 12:35 AM)
No opening of USD via online. If you want to open USD, have to visit the bank. All SGD banks have fal below fees if your USD drop below certain amount.

If you want multicurrency, UOB, OCBC, DBS all offer multicurrency account.

The question is whether they want to open for you or not.

The only bank which won't charge you fall below fees for Multi currency account is Cimbif you are their Preferred customer  brows.gif  laugh.gif
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CIMB Malaysia or Singapore?

I have the recommendation from UOB Malaysia to open USD account with UOB Singapore but I lazy to go over.

If there is shortcut way to get it without the need to go over, it would be great.
jack2
post Mar 3 2017, 02:26 AM

Mr
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QUOTE(Ramjade @ Mar 3 2017, 01:25 AM)
Cimb SG la. Want fast? Use HSBC or Citibank lo or Standard Chartered. Open priority banking with any one of them, ask them open Multi Currency (valid for citibank and HSBC, Standard Chartered doesn't have Multi currency account).

Must be priority with SG side also.
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haha.. not enough qualification to be priority banking.
jack2
post Mar 8 2017, 02:32 PM

Mr
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QUOTE(Ramjade @ Mar 8 2017, 02:17 PM)
Maybank side. You want free transfer, transfer to Cimb. Then go straight to Maybank. That way you only pay once at Malaysia side. But not sure if there's a third party between Alliance and Mayabank

Eg
Alliance -> Maybank - no third party so charge theoretically should be SGD10 unless the bank charge SGD20
Alliance -> 3rd party  -> Maybank so this charge can be SGD20-30 as there is 3rd party involved

Some people said when you transfer money overseas, it is converted to USD first before being converted to SGD.

I haven't try to TT money yet. But this is what I know.
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You mean using CIMB Malaysia to Maybank SG?
jack2
post Mar 16 2017, 11:27 PM

Mr
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Any banks in Malaysia able to perform TT transactions via online from USD account?
jack2
post Mar 21 2017, 02:18 PM

Mr
********
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So happy! I have just received welcome letter ....
jack2
post Mar 22 2017, 08:15 AM

Mr
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QUOTE(walkman660 @ Mar 22 2017, 12:56 AM)
bro , mind sharing when u apply the the saving account? u still yet to receive other mail right?
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If not mistaken, it was applied 3 weeks ago. Yes, only received the first letter yesterday via normal post.
jack2
post Mar 22 2017, 10:54 AM

Mr
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QUOTE(Ramjade @ Mar 22 2017, 10:42 AM)
Then how to buy manulife?  Pay in SGD?
For SG standard, cimb is decent at 1% pa without needing to furfilled any condition. Good parking place while waiting for opportunities in the market.
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CIMB SG? How to apply? Same as Maybank SG?
jack2
post Mar 22 2017, 11:00 AM

Mr
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QUOTE(Ramjade @ Mar 22 2017, 10:59 AM)
Once you have online banking with maybank sg and can initiate a FAST transfer (like malaysia IBFT), you can apply online for a Cimb Fast Saver account.

To activate the cimb account, you will need to initiate a one time  SGD1000 FAST transfer from any SG bank into the Cimb bank account.

Failing to do so will cause the cimb account to be close automatically after 30 days.
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Wow... so easy to get CIMB SG once we have Maybank SG?

Wonder CIMB SG has USD FCA?
jack2
post Mar 22 2017, 12:20 PM

Mr
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QUOTE(Ramjade @ Mar 22 2017, 12:17 PM)
Yeah. They let other banks do the checking of customer for them. biggrin.gif
They don't accept TT for activation. Only FAST transfer from a SG bank.
Yes they have. Even better. If you are a priority customer with them, you have access to multi currency notes with them without any fall below fees.
However you cannot move SGD between one SG bank to another via online. doh.gif (unless there are ways which I don't know)
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If so, can apply for CIMB SG with USD FCA?

If can't move SGD via fund transfer like Malaysia, how to transfer to any other persons in SG?
jack2
post Mar 29 2017, 02:06 PM

Mr
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I received debit card, debit card mailer with card number and PIN.

How to activate the debit card without calling to Maybank SG?

Can opt for option to with 2FA SMS?

This post has been edited by jack2: Mar 29 2017, 02:25 PM
jack2
post Mar 29 2017, 03:02 PM

Mr
********
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Why the CS told me in order to activate online banking with Debit Card number and PIN, the PIN must be changed first at ATM singapore then only can register as first time login.

Is this true?
jack2
post Mar 29 2017, 03:09 PM

Mr
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QUOTE
for those don't want to wait the PIN mailer for Maybank SG online registration, there is an alternative if you got all other docs and debit card.

1. Active debit card
2. register online banking @ www.maybank2u.com.sg, select debit card and pin.
3. use the debit card number and the debit card pin mailer
4. enjoy! smile.gif


I used this way to register online banking but upon finished the username and password, I got the message asking me to fill up the e-services form and mail back to them to activate.... rclxub.gif

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