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 Opening a Bank Account in Singapore

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moosset
post Aug 31 2019, 01:17 PM

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sorry. I didn't read the whole thread. How do you open CIMB (SG) acc?

I've CIMB (MY) acc.

and after that, can I open an SG trading account?

M'sian and based in M'sia.
moosset
post Sep 1 2019, 12:57 PM

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I'm trying to apply for CIMB fastsaver online but it says only Singaporeans and Singapore PRs are eligible.

How can I open a bank account without being in SG?


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moosset
post Sep 15 2019, 10:10 PM

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QUOTE(lwlim @ Sep 15 2019, 06:31 PM)
Actually Malaysian still can open Fastsaver account at CIMB SG, because I just did it.
If transfer from CIMB MY to CIMB SG, the cost will be much higher compared to Instarem.
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open acc online or you went to SG?
moosset
post Sep 16 2019, 03:33 PM

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QUOTE(lwlim @ Sep 16 2019, 03:00 PM)
Open online at CIMB SG website.
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I see.

No need Singaporean work/residence permit ?? So can open an acc even though I live in M'sia?

then I'll give it a try.

This post has been edited by moosset: Sep 16 2019, 03:33 PM
moosset
post Sep 16 2019, 10:28 PM

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QUOTE(lwlim @ Sep 16 2019, 04:10 PM)
No need, can open online here using IC.
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thanks!
moosset
post Sep 24 2019, 09:18 PM

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solved!

This post has been edited by moosset: Sep 24 2019, 09:48 PM
moosset
post Sep 24 2019, 09:47 PM

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QUOTE(markedestiny @ Aug 6 2019, 11:20 AM)
Under CIMB Clicks > Services > Account & Cards > Link Account.

You can check if the linkage is successful  status ; >> Account & Cards > Check Account Linking Status

If still not able to link, check with the Customer Service.
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Thanks! I think this will solve my problem.

QUOTE(Kudo2012 @ Aug 7 2019, 05:15 PM)
many thanks for the clarification
I opened saving acc with CIMB MY and successfully link my CIMB SG acc today.

but one thing very strange, I used instarem made first SGD 1000 fund transfer 2 days ago, and it showed successful and now i can see the money in my SG link account. (via CIMB click)

Now i am waiting the activation code to activate my CIMB SG acc.
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so, did you get your activation code?

I'm thinking of using Instarem too.
moosset
post Sep 25 2019, 07:52 PM

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QUOTE(Kudo2012 @ Sep 24 2019, 11:40 PM)
I received my code after called to CIMB SG officer.
to activate the acc, you must TT by CIMB click MY.
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thanks! It works now.

can I withdraw money from this SG account using CIMB (MY) ATM card?
say, if I travel in SG, can I withdraw from the fastsaver acc using CIMB (MY) ATM card?
moosset
post Sep 25 2019, 09:49 PM

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QUOTE(Kudo2012 @ Sep 25 2019, 08:28 PM)
sorry, I have no idea.  confused.gif
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but you understand my question, right?

or maybe CIMB will send us an ATM card. tongue.gif
moosset
post Sep 27 2019, 03:25 PM

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QUOTE(Jordy @ Sep 27 2019, 11:31 AM)
Well, that's the hassle with CIMB FastSaver rolleyes.gif
I'm satisfied with the Maybank iSavvy which gives me the complete convenience (with ATM/Debit Card included).
I can swipe the card anywhere in SG or even overseas (prevailing bank's exchange rate applies).
I would still support the use of iSavvy as I feel it's like an upgraded version of CIMB's FastSaver.
FastSaver can't be used to open a CDP account, but surprisingly Maybank's iSavvy can! icon_rolleyes.gif
Don't have to test it, I already tested it. Exchange rate is higher, although BP charges a flat rate of RM7, but still losing money due to the exchange rate.
I'm sticking to Instarem for now to transfer my investment funds over to Sg.
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after opening Maybank iSavvy, how do I open CDP acc? I'm based in M'sia. No SG PR, employment pass nor address.
moosset
post Sep 27 2019, 07:56 PM

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QUOTE(Ramjade @ Sep 27 2019, 06:51 PM)
I know. I have a CDP account and found out cannot do rights placement. That's why I said if don't have SG address use FSM.

You are right. Most charge all kind of stupid  fees. Actually must pandai pick nominee/custodian account. Pick the one without charge. The only one so far  without charge is FSM or Maybank KE prefunded. Reason for choosing FSM is maybank recently try to pull a stunt to start charging their customers. A move that didn't go down well and was reverse within 24h. That move shows that matter of time before they start charging. That's why I avoid maybank KE prefunded (already have account,  if they want to start charging,  I am moving out)
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meaning FSM allows you trade buy/sell all shares in the Singapore stock exchange?

I was under impression that FSM only sells funds (mutual funds / unit trusts).
moosset
post Sep 28 2019, 10:45 AM

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QUOTE(Ramjade @ Sep 28 2019, 03:42 AM)
That's FSM MY. FSM SG is different story.
Yes for FSM SG you can buy stocks from SGX, HKEX,  NYSE and Nasdaq. Keep in mind for US stocks there's going to be OT be dividend charges on top of the US 30% dividend tax

Can use FSM SG to buy unit trust at zero percent service charge but not recommended. Quarterly platfoem fees.
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and I can open FSM without being a SG resident, no SG PR, work pass, address needed?

Thanks!
moosset
post Oct 25 2019, 06:20 PM

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for the CIMB SG Fastsaver acc, I've transferred SGD1k to this acc from CIMB MY.

How can I access this fund? I mean, how can I transfer money from CIMB SG to elsewhere? Don't I get any username or password to access cimbclicks SG?
moosset
post Oct 25 2019, 07:31 PM

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QUOTE(roarus @ Oct 25 2019, 07:08 PM)
You should get a few SMS once your account is open and ready to initial deposit. One of those will be code for First Time Login registration https://www.cimbclicks.com.sg/wps/portal/sgRegistration
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thanks! I didn't receive any code for first time login.
I deposited 1k to CIMB SG yesterday.
moosset
post Oct 25 2019, 07:52 PM

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QUOTE(roarus @ Oct 25 2019, 07:44 PM)
You can give CIMB SG a call or drop them an email at AtYourService@cimb.com and they'll call you back (same day or next business day). They're great in a way that they'll try to contact you at least during working hours and right after working hour plus notify you via email in event they failed to reach you.

What happened to me was I got the welcome SMS but not the First Time Login code and the guy on the phone just had to re-trigger an SMS with a fresh code over
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Thanks! I'll give that a try!
moosset
post Oct 25 2019, 08:00 PM

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QUOTE(jack2 @ Oct 25 2019, 07:56 PM)
how did you make deposit?

still unsure if can be deposited from third party transfer not under the same name or not.
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from CIMB MY. In my case, the same name.

if you're using a third party transfer, then you'll need to inform them.
moosset
post Oct 26 2019, 03:58 AM

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QUOTE(jack2 @ Oct 25 2019, 08:01 PM)
using cimb telegraphic?

what is your rate?
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just normal CIMB transfer, not telegraphic.

the rate sucks!! I'm just using this once to activate it. After that I'll use transferwise.
moosset
post Oct 26 2019, 07:52 PM

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oh yeah ........ instarem is cheaper. Will definitely use that.

This post has been edited by moosset: Oct 26 2019, 08:04 PM
moosset
post Nov 3 2019, 12:41 PM

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QUOTE(Ramjade @ Nov 2 2019, 08:44 AM)
I earn RM and deposit into SGD every 3-4x a year.
I am a salaried man. Upon opening account they want bank statement and they will ask you where is money coming from.
Just be truthful to them and give them whatever they want.
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you do this regardless if SGD is high or low? something like DCA?

so in SGD you trust? Why not other currency?
moosset
post Nov 5 2019, 08:02 AM

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QUOTE(kart @ Nov 5 2019, 04:48 AM)
Other method is to park in Singapore Savings Bonds, which is fully backed by the Singapore Government.
- The annual interest is slightly less than 2%.
- You could say that it behaves somewhat similar to the promotional Fixed Deposit offered by Singapore banks, but it only requires minimum investment amount of SGD 500, instead of SGD 10000 required for promotional Fixed Deposit.
- There is SGD 2 non-refundable transaction fee for each application.
- There is a redemption penalty of SGD 2, if you choose to redeem before its 10-year maturity.

Correct me, if I say anything incorrect.  smile.gif I am just sharing what I have learnt from many experts here.
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can non-Singaporeans and non-SG residents buy this bond via CIMB?

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