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 Opening a Bank Account in Singapore

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pizza0502
post Feb 27 2013, 04:50 PM

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QUOTE(jex-koi @ Feb 27 2013, 08:55 AM)
to share my  personal exp.

Checked with hsbc, maybank, uob, and dbs. Only hsbc, maybank, and uob gave a consistent answer of needing some sort of work permit/passes or requirements listed on their website.

As for dbs, the requirements on the website seems to be a 'guideline' for dbs branches. Meaning the dbs branches will have their own requirements if foreigners want to open a bank acc.

I personally went to a few branches, and some needed work permit/passes, while some needed other bank statements. Finally, i found the MBFC branch which only needs the passport (like what is stated on the website) and does NOT need any work permit/passes.
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Hi,
Wanna ask is the DBS need initial deposit?
The website is stated no need any...is it true?
http://www.dbs.com.sg/personal/deposit/esa...equirement.page

Thanks.
pizza0502
post Feb 28 2013, 05:24 PM

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QUOTE(jex-koi @ Feb 28 2013, 03:25 PM)
Yes, you are correct. No deposit is required when opening the account. Only deposit $ after acc is opened.

But you need to maintain a (average) balance of SGD 5k, else they will charge SGD2 per month (Translates to ~ RM 5 a month).
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Is it a MUST to deposit $ after the acc is opened? Can I leave it empty now as i'll only start work from March. Probably will get salary on end of March.

Is it OK to open the account now?

Thanks.
pizza0502
post Apr 2 2013, 10:31 AM

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Hi,

How much is the charges if I transfer money to Malaysia bank with DBS iBanking ?

 

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