Welcome Guest ( Log In | Register )

4 Pages  1 2 3 > » Bottom

Outline · [ Standard ] · Linear+

 Opening a Bank Account in Singapore

views
     
lyyera96
post Oct 31 2021, 08:02 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
Hi, whether Malaysian can open the HSBC Singapore bank account without Singapore address?
lyyera96
post Oct 31 2021, 08:57 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(Ramjade @ Oct 31 2021, 08:06 PM)
Can. But must be priority banking. Do you have the moo to cough up Rm250k and lock it with them?
*
I have HSBC Malaysia account, this is my company salary account but just 3 figure only in my bank account doh.gif doh.gif
lyyera96
post Oct 31 2021, 09:50 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(Ramjade @ Oct 31 2021, 09:04 PM)
Go with CIMB sg. You do t even need priority banking. All you nee dia just SGD1000 to open. I keep mine with SGD0.10 only inside.
*
So there is no choice for Malaysian??? CIMB SG I also have bank account for me but TT transfer fee very high then before I Google found HSBC SG if you perform TT via online will be free. So that why I curious whether Malaysian can open HSBC SG bank account.

This post has been edited by lyyera96: Oct 31 2021, 09:53 PM
lyyera96
post Oct 31 2021, 10:39 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(TOS @ Oct 31 2021, 10:18 PM)
TT in or TT out? If TT in then CIMB SG no fees. For outward remittance in SG, usually people use FAST or to a lesser extent MEPS and they are free/cheap (FAST definitely free, some banks charge on MEPS). For outward remittance to overseas, if possible can use fintech service providers like Wise/Instarem etc.

Regarding HSBC SG if TT free. Again time after time, you should remind yourself there is NO such thing as free in this world. This "free" service is paid for by the opportunity cost of locking several hundred of thousands with them to earn interest income and potentially highly lucrative wealth management fee from your some hundred thousands deposit.

In other words, you already "pay" them with your huge deposit.

Oligopolistic/monopolistic-competitive market like banks like to play with these kinds of "differentiated services", like different telcos offering different packages with different charges yet they look the same if you count the cost, or the different toothpaste brands with very similar net weight/packaging (few people know that Darlie's parent company Hawley & Hazel is 50% owned by Colgate-Palmolive).
*
This is good sharing, thanks a lot to you
lyyera96
post Nov 14 2021, 11:08 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
user posted image

Just now I see the Maybank Singapore website have provide this account opening form, so now Maybank SG is accept Malaysian open account already??
lyyera96
post Nov 14 2021, 11:18 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(!@#$%^ @ Nov 14 2021, 11:11 PM)
always accepted. just that u have to go through maybank my.
*
So just prepare SGD 500 and submit the form to the branch that stated in the form only??
lyyera96
post Mar 15 2022, 10:14 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(sidefulnes @ Mar 15 2022, 11:07 AM)
Submitted my application to Maybank and documents have been couriered. Fingers crossed haha.

Plan B is to find opportunity to travel down to Sg to attempt to apply for DBS account with Vickers
*
now we can open Maybank SG on website right, no need go to branch submit document?
lyyera96
post Apr 23 2022, 10:39 AM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(Ramjade @ Apr 18 2022, 06:21 PM)
Here you go. After you click apply this page comes up.
https://apply.maybank.com.sg/CASA/#/welcome...2539.1650277224
*
Have any fall below fee for iSavvy saving account?
lyyera96
post Apr 24 2022, 11:04 AM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(leetan33 @ Apr 23 2022, 06:38 PM)
I tried to apply an iSavvy account online but it was stuck at the last stage simply because the OTP was not sent to my Malaysian mobile phone number. Called MBB Singapore and they said it could be the extra zero in front of phone number but MBB Malaysia can't do anything because that format is fixed lol.
*
iSavvy account fall below fee is SGD 2 right?
lyyera96
post Apr 24 2022, 02:31 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(Ramjade @ Apr 24 2022, 11:24 AM)
Yes. If you don't want fall below fees go with cimb sg.
*
I have CIMB SG account already, I dunno whether need open another one bank account because CIMB Singapore just one branch only.
lyyera96
post May 22 2022, 10:18 AM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(Ramjade @ May 17 2022, 01:56 AM)
Malaysian practically impossi5 to open sg bank accounts since 1mdb issue. Thanks najib.
*
So currently Malaysian only can open Maybank SG and CIMB SG bank account right if no working in SG?

lyyera96
post May 30 2022, 09:26 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(sidefulnes @ May 30 2022, 06:31 PM)
Just to update, I have received my letters  rclxm9.gif
Only pending the $500 transfer
*
Can talk more?
lyyera96
post Jun 6 2022, 07:44 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(ilovestitch @ Jun 6 2022, 05:51 PM)
anyone successfully opened the account , how long it takes for the online banking PIN to be sent to you? maybank sg sent the letter 1 month + ago , but until now i still have not got it? should i check with pos malaysia?
*
you open iSavvy?
lyyera96
post Jun 16 2022, 10:05 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(elea88 @ Jun 16 2022, 09:13 PM)
every few months put in money take out money
*
If I deposit money only can??
lyyera96
post Jul 6 2022, 08:11 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(TrustULoveU @ Jul 6 2022, 03:13 PM)
i opened a HSBC account instead .. haha
*
what requirement open HSBC account for Malaysian?
lyyera96
post Jul 24 2022, 09:18 AM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(GAT @ Jul 23 2022, 07:17 PM)
Good info there. Going to try apply DBS account soon. Thank you
*
before I have ask DBS via email, if foreigner want apply must have work premit
lyyera96
post Aug 10 2022, 08:48 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(Ramjade @ Aug 10 2022, 04:20 PM)
No need priority banking. Follow my way. Take a flight or bus to Singapore. Go marina bay financial center, open DBS Vickers and open DBS multi currency. It's basically free acocunt. Only need to pay for transport fees, food and maybe accomodation if you want to stay overnight
*
but this is before 7 years right???

lyyera96
post Jan 31 2023, 10:30 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(daijoubu @ Jan 31 2023, 02:14 PM)
Thanks, SCB does seem to have better features that I will use compared to HSBC.

But meanwhile CIMB SG Fastsaver account finally got approved after 2 months.
Within CIMB SG Fastsaver I can open a USD/GBP/AUD account online
*
But so sad, CIMB SG no provide debit card
lyyera96
post Jan 31 2023, 10:32 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(gooroojee @ Jan 31 2023, 01:26 PM)
You can try Maybank Singapore, if you have a Maybank Malaysia account. I applied online couple of months ago, it was approved the next day, and i transferred funds and started using it immediately.
*
This month I apply Maybank SG account, now cannot apply online anymore, need go to branch submit application form.
lyyera96
post Jan 31 2023, 10:52 PM

Getting Started
**
Junior Member
102 posts

Joined: Oct 2017
QUOTE(daijoubu @ Jan 17 2023, 01:19 AM)
Between HSBC Premier vs SCB Priority banking as a gateway to open a Singapore based account, which would be better in terms of:

a) options of investment within Malaysia
b) option of investment within Singapore
c) speed to open the account at MY and SG

Thanks all in advance
*
https://www.fsb.org/wp-content/uploads/P211122.pdf
https://www.mas.gov.sg/news/media-releases/...ks-in-singapore
https://www.bnm.gov.my/-/domestic-systemica...d-sib-framework


confirm HSBC lah, top 3 G-SIBs in the world based on FSB announcement (JP Morgan, Citi, HSCS), too big cannot bankrupt in the world
For singapore side, top 7 D-SIBs is DBS, OCBC, UOB, Maybank, Citi, HSBC, Standard Chartered
For malaysia side, top 3 D-SIBs is Maybank, CIMB, Public Bank

4 Pages  1 2 3 > » Top
 

Change to:
| Lo-Fi Version
0.0675sec    0.89    7 queries    GZIP Disabled
Time is now: 5th December 2025 - 11:30 AM