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 Opening a Bank Account in Singapore

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kucingfight
post Jul 21 2025, 10:58 PM

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Sorry, need to get it down right away, main purpose is to deposit into IBKR.
I'm already using Maybank, so would be directly easier for me to open Maybank SG right? Or cimb sg account still has some advantage? (Besides the min sgd200 balance for Maybank sgd)

Once open Maybank sgd, use sunway money to transfer myr, and then use IBKR deposit sgd function?
kucingfight
post Jul 28 2025, 12:59 PM

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trying to apply for MBB SG https://www.maybank2u.com.sg/en/personal/cr...casa/index.page , but i was rerouted to MBB MY, and then log in, it says it doesn't exist.

anyways to confirm if process below to fund IBKR
a) open mbb
b) then duitnow MBB MY-> MBB SG
c) then use MBB SG to fund IBKR

for rewithdrawal comparison MBB and WISE, can i say there's not much difference? as IBKR offers 1time free withdrawal for any options?

so basically i'm just saving when funding to IBKR only using MBB SG (comparing to wise)
kucingfight
post Aug 19 2025, 05:00 PM

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ya same, got it setup juz now within 5 hours. talking bout efficiency. tried to enable duitnow (malaysia) in Paynow, -OK, managed to tinker on it, done)

Edit:
so i was comparing sunway money SGD rates, it seems to be marked up around 0.36% from XE's rate. wise is charging around 0.57% , so can i say i'm saving around 0.21%?

This post has been edited by kucingfight: Aug 19 2025, 05:08 PM
kucingfight
post Aug 19 2025, 07:29 PM

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No need to wait.
Follow step here
kucingfight
post Aug 20 2025, 10:57 AM

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for first deposit, any issues of transferring to MBB SG using SunwayMoney? will it be queiried?
*EDIT = can, done it..almost instant transfer

This post has been edited by kucingfight: Aug 20 2025, 03:55 PM
kucingfight
post Aug 21 2025, 10:20 AM

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yeah, just did 2nd transfer today and managed to 'catch' Sunway's forex offer @ 10am, works out to be just +0.08% compared to XE's spot.

kucingfight
post Aug 21 2025, 12:28 PM

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QUOTE(Ramjade @ Aug 21 2025, 10:30 AM)
Need to be on the spot 10am or abit after 10am?
*
i tried slight over 10am, prolly 3-4mins later. still able to get it
free nasi lemak for lunch today .. biggrin.gif

 

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