How easy is it to TT money to your bank account in SG?
Has anyone tried? Are there any restrictions by Msia?
Opening a Bank Account in Singapore
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 Mar 20 2013, 01:50 PM
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#1
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All Stars
12,267 posts Joined: Oct 2010 
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Mar 21 2013, 11:04 AM
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#2
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All Stars
12,267 posts Joined: Oct 2010
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QUOTE(gark @ Mar 21 2013, 10:11 AM) No restrictions, for transfer over RM 10K, need to declare purpose to BNM (at bottom of TT form). Thanks mate Gonna start a trading account over there with a bank........  |
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Mar 21 2013, 11:30 AM
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#3
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All Stars
12,267 posts Joined: Oct 2010
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QUOTE(gark @ Mar 21 2013, 11:20 AM) Then declare the purpose as 'investment' and source as 'savings'. So far transfer lots of time no problem... gark..........stocks ler............. Please also note that some banks in SG will deduct a small amount as incoming TT 'fees'. Mine is SGD 12/TT. Most of time I just bring cash across the causeway... (not more than SGD 20k, otherwise have to declare) P/S what trading you doing?   |
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