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 Opening a Bank Account in Singapore

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lchimpanzi96 P
post Apr 12 2019, 09:23 PM

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QUOTE(Ramjade @ Jan 6 2017, 09:27 AM)
Hansel, prince_mk ,managed to open my DBS MCA at Marina Bay  biggrin.gif  rclxm9.gif  icon_idea.gif
Thank you sifu  notworthy.gif notworthy.gif

Considering I am currently unemployed, it's a miracle they let me open.  blink.gif

Here's how I manage to open. Requirement by DBS to open account with them
No 3 was problematic. I decided to go the way of opening a Philips account first. Once I opened that, I had a copy of application proof which I can give to the bank. They were problematic as well and refuse to open without a Singapore bank account. But somehow they told me we will open for you and hang on to your application unless you can provide us the Singapore bank account no. They did give me a proof of application. This was done at Toa Payoh branch.

Headed over to Marina Bay. Told them want to open Vickers and MCA. Apparently one cannot open Vickers without a bank account. So had to deal with MCA first.

Note:
Now MCA have foreign charges regardless when you open starting next monday. All MCA have free first 5 years annual fee waiver. Then after the 5 years, you are required to pay SGD12 for another 5 years = SGD2.40/year.
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May i know why is it necessary to open a phillip account before opening a dbs account
lchimpanzi96 P
post Jun 7 2019, 01:55 AM

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QUOTE(Ramjade @ May 31 2019, 10:46 AM)
It cannot be done in Malaysia. You need to send back to SG bank or visit the bank in SG for direct exchange.
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Hi Ramjade
do you mind sharing us your transferwise referral link over here

Thanks.

 

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