I did exactly what you intended to do. Here are my steps:

1. Find out which bank offers the lowest MINIMUM req for your saving account. For me was UOB at SGD 500. Anything less nets that nasty charge. Also must have internet banking.
2. Find out which trading firm you'd like to buy stocks with. For me was one with internet trading.
3. Find out what you need for items 1 and 2. E.g. IC photocopy, proof of residence in Msia (e.g. utility bill with your name on it- Streamyx and Astro usually don't count), referral letter from an existing account holder (for bank and for trading account) and the minimum amount of cash needed to open the account (this is in SGD)
4. Prepare transport and accomodation (if any) to SG.
5. Go during working days to BANK first to open your savings account. They will do a background check and the referral letter comes in handy (go ask your SG friends who have existing accounts there). Give them the SGD to set up the bank account- usually 1k SGD.
6. Get your account set up. You will get the ATM card, bank no, PIN etc (biasa stuff). Also get the international transfer codes from them (IBAN, SWIFT) and internet login (important!).
7. Go to the TRADING FIRM next to open your trading account and your CDP account set up. Give them the paper requirements and also your bank account number to tie in to the trading account and to your CDP (important for dividend payouts). You also need to deposit the minimum cash to your trading wallet. This sum here is quite hefty (could be around 5k SGD)
8. Once all paperwork done, go back home and have a good rest. CDP and the trading firm will mail you the access codes for online trading.

Congratulations you can now trade like a Singaporean from Malaysia!

Ps. To top up your trading account with more money, do international TT (telegraphic transfer) using the banking codes you got for your bank account. Internet banking can transfer the funds from the SG banking account to your SG trading account.

I have 1k SGD carried by cash (for the bank) and 5k SGD carried in form of *banker's cheque (for the trading account). *Normal cheque will not work! Banker's cheque/draft is a legit form of real cash- no owe owe.

This post has been edited by kaiserwulf: Jan 6 2012, 10:57 PM

Got, HSBC also got. E.g. HSBC has a minimum balance requirement of SGD5k. Good luck with that!

Just open one for my wife last month. Hai getting harder now. I also dare not give specific tip sked to spoil market.

The tips for opening with no pass non resident is you must be perfectly prepared before even step in the bank. Read from website of your target bank, contact customer service to find out requirements and prepare all documents then go the bank.

This tips only for kecik molek ppl like us. Rich guys anytime can open private accounts... millions of sgd one la.

Upper class but not that rich can open via international banks such as hsbc. Can say the rates are suitable for 5 digit sgd and above.

Good luck.

Broker confirm no need. I still get mail from SGX and my broker. SG bank so far my wife and mine account use Malaysian address. We do online transfer etc.

I bet you are not a rich man. No free lunch in this world- no singaporean will fly to KL meet you and give you your bank account.

So you need to walk in to a Singaporean branch to open account.