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 Opening a Bank Account in Singapore

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privatequity
post Jan 19 2024, 10:13 PM

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maybank singapore good? if im already a maybank malaysia customer, how to open maybank singapore ya?
privatequity
post Jan 20 2024, 12:16 AM

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QUOTE(Ramjade @ Jan 19 2024, 10:50 PM)
No good. Need to lockup min SGD 500. Lousy exchange rate if you want to bring money back.
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if i wan to open a sg bank acc in malaysia, which better ya? or what way better?
privatequity
post Jan 20 2024, 12:51 AM

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QUOTE(Ramjade @ Jan 20 2024, 12:48 AM)
CIMB sg. No minimum amount. Good rates to bring money back to Malaysia. If you want pure sg bank, only option is ocbc sg (online). Heard uob can open if you are a priority customer.
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thanks! good rate to bring money back to Malaysia u mean when i transfer SGD from cimb sg to MYR to cimb my, better rate? is that the rate u r referring to?
privatequity
post Feb 13 2024, 12:42 AM

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QUOTE(sleepwalker @ Feb 9 2024, 09:19 PM)
You are not transferring millions for the opening of account, just the first SGD1000. Do you really need to calculate that much just for the initial deposit?
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Am thinking to diversify some of my capital - into SG bank (SG is the best offshore bank) for asset protection n diversification (keep in SGD). Is CIMG SG sufficient? Or better open a pure SG bank like UOB. Would appreciate any suggestion.
privatequity
post Feb 14 2024, 11:01 PM

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QUOTE(Ramjade @ Feb 14 2024, 09:09 AM)
I am one of those people. Lol. Last time it was 3.0 only.
Forget sg bank FD. Just open tiger and park your money into their MMF. Tiger MMF basically invest into their FD.

Only sg banks which let Malaysian open account without you needing to step foot there is cimb, maybank and ocbc.

Rest maybe can be done if you are willing to park SGD250-300k for priority banking purpose.
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yeah i have some SGD in tiger brokers MMF. Already have cimb sg, thinking if i should open one more - just to standby in case cimb sg down or what.

Im using maybank. Do u recommend to open sg maybank, or better sg bank like ocbc (apply online)?
privatequity
post Feb 14 2024, 11:08 PM

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QUOTE(Ramjade @ Feb 14 2024, 11:07 PM)
Cimb. Don't bother with Maybank. No need OCBC unless you want to have multicurrency account. I think they have one. But not sure how much is the lockup money.

My cimb only have SGD0.10 inside. Lol.
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how do u transfer ur SGD to tiger brokers? from bank to tiger brokers via wise?
privatequity
post Feb 14 2024, 11:10 PM

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QUOTE(Ramjade @ Feb 14 2024, 11:09 PM)
I use moomoo for my mmf. Tiger only for seeing price of stock and options. DDA from DBS into moomoo. Same options available for tiger.

You can use FAST transfer (sg version of duitnow)
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ohh, i dont have DBS. Should i create one maybank SG so i can DDA from maybank into tiger?
privatequity
post Feb 14 2024, 11:35 PM

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QUOTE(Ramjade @ Feb 14 2024, 11:18 PM)
You can only DDA with DBS. No need waste  time and money with Maybank.
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can for tiger brokers. these few banks. I only have cimb sg, cannot DDA. so thinking which one i should create. i oredi have maybank MY. wat u think

user posted image
privatequity
post Feb 14 2024, 11:39 PM

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QUOTE(Ramjade @ Feb 14 2024, 11:37 PM)
Thanks. From support only mentioned DBS.
No need. Use FAST transfer. Good enough. No benefit for DDA or opening Maybank sg.
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thanks, any reasons u dont like maybank sg that much? haha
privatequity
post Feb 18 2024, 03:47 PM

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QUOTE(poooky @ Feb 18 2024, 11:59 AM)
Have you closed your OCBC SG Statement Savings Account yet? I don't see any option to do so online. From the site's FAQ https://www.ocbc.com/personal-banking/help-...ccounts/general, it seems that the only ways to do so are to either:

1. Physically mail Accounting Closure Form,
2. Walk into a branch to do so

Anyone else have gone through this process? I opened my account around Nov last year so still have some waiver time, but need to start preparing.. lol.

user posted image
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i juz opened via app n its created instantly. why prefer OCBC 360? i have Statement Savings Acc and Global Savings Acc now.
privatequity
post Feb 18 2024, 04:06 PM

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QUOTE(Medufsaid @ Feb 18 2024, 04:04 PM)
privatequity 360 had a promo going on. S$15 upon successful open
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i see, should i create? or stick to Statement Savings Acc for simplicity?
privatequity
post Feb 18 2024, 04:08 PM

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whats the best way to fund my singapore ocbc acc? convert myr to sgd to Wise. And transfer from Wise to SG OCBC?
privatequity
post Feb 18 2024, 04:21 PM

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QUOTE(Medufsaid @ Feb 18 2024, 04:14 PM)
Use moneymatch. Remit on weekday 9am and it'll appear in sg bank by lunchtime

btw, what are the minimum balance required for both your ocbc acct?
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where to check the minimum balance?
privatequity
post Feb 18 2024, 07:28 PM

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QUOTE(lwlim @ Feb 18 2024, 07:13 PM)
It's SGD 20K minimum balance for SSA if you're non SG resident.

user posted image
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so i just created, i dont need maintain SGD 20k and above for now?
privatequity
post Feb 18 2024, 07:32 PM

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OCBC SSA SG Acc, can i get debit card?
privatequity
post Feb 18 2024, 07:40 PM

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QUOTE(!@#$%^ @ Feb 18 2024, 07:38 PM)
u need working pass for malaysians
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i see, without working pass, i can only get bank acc n do online transfer?
privatequity
post Feb 19 2024, 12:24 PM

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For SG Statement Savings Acc, everytime i want do instant transfer, i need to add to payee list n wait for 12 hours before i can initiate?
privatequity
post Feb 20 2024, 12:42 PM

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QUOTE(privatequity @ Feb 19 2024, 12:24 PM)
For SG Statement Savings Acc, everytime i want do instant transfer, i need to add to payee list n wait for 12 hours before i can initiate?
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any answer for this question?
privatequity
post Feb 20 2024, 12:47 PM

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QUOTE(john123x @ Feb 20 2024, 12:45 PM)
adding payee to sg bank (cimb, ocbc, maybank) really need to wait for cooldown.
different bank have different cooldown time.
its a security feature that you cant bypass.

if you need to transfer money immediately,  you can transfer directly, without adding payee
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how to transfer directly by putting a/c number ya? i saw paynow but need to key in contact number or IC only.
privatequity
post Feb 21 2024, 09:03 PM

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QUOTE(john123x @ Feb 20 2024, 12:51 PM)
OCBC - must add payee before transfer

no way to bypass this

cimb and maybank, you can transfer without adding payee
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good to know that, security in exchange of convenience. thanks.

This post has been edited by privatequity: Feb 21 2024, 09:03 PM

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