Opening a Bank Account in Singapore
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 Sep 18 2015, 02:54 PM
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#1
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Senior Member
645 posts Joined: Apr 2007  
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Anyone using MBB sg account + Kim Eng securities KE Trade Prefunded?
From KE website (http://www.maybank-ke.com.sg/contact-us/faqs/ke-trade/), CDP Sub-account Maintenance Fee is waived. Other charges seem reasonable. |
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Sep 18 2015, 03:29 PM
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#2
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(orangbulu @ Sep 18 2015, 04:04 PM) I dont like the Min SGD 18 dollar charge per trade. If you are doing 9000 SGD per trade, its more worth it, if its lower, Stan chart is cheaper. Thanks for the feedback. How about HSBC? I was told that a HSBC Malaysia Premier customer can open the respective sg accounts (savings + trading) without physically in sg. |
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Sep 18 2015, 03:51 PM
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#3
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(Hansel @ Sep 18 2015, 04:49 PM) Yes, that's what I heard from my friends too. YOu can even open an account in Toronto or in London if you wished to. But be careful of the fees. Seems like SC Priority banking customers also offered this service:"Pre-arrival account opening 2.14 We will assist you to open accounts at Standard Chartered Bank in other countries (subject to the local laws and regulations there) at your request." No mention of fees tho. |
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Sep 18 2015, 05:16 PM
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#4
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(10996455 @ Sep 18 2015, 06:15 PM) Maybank now won't be able to open SG Acc through mal branch any more dam zzzzzz Confirm? How about premier customer? |
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Sep 21 2015, 02:38 PM
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#5
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(orangbulu @ Sep 18 2015, 04:04 PM) I dont like the Min SGD 18 dollar charge per trade. If you are doing 9000 SGD per trade, its more worth it, if its lower, Stan chart is cheaper. Is it necessary to take the CAR exam for standard chartered account? What's the minimum requirement to pass? |
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Sep 21 2015, 04:06 PM
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#6
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(orangbulu @ Sep 21 2015, 04:09 PM) Yes its necessary, mandated by Singapore government. First question will ask whether you have done 6 trades in the past 2 years, just declare yes, they wont check. That's my confusion as well, if first time setting up account, how to do x trades in singapore? Anyway, thanks for the advise. |
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Sep 22 2015, 10:08 AM
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#7
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(wjchay @ Sep 21 2015, 03:38 PM) Is it necessary to take the CAR exam for standard chartered account? What's the minimum requirement to pass? Hi,Are there any custody fees or corporate action/dividend fees for SC trading account? Thanks in advance for your help. |
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Sep 22 2015, 10:15 AM
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#8
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(orangbulu @ Sep 18 2015, 04:04 PM) I dont like the Min SGD 18 dollar charge per trade. If you are doing 9000 SGD per trade, its more worth it, if its lower, Stan chart is cheaper. Hi,Are there any custody fees or corporate action/dividend fees for SC trading account? Thanks in advance for your help. |
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Mar 18 2019, 09:11 AM
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#9
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(roarus @ Mar 6 2019, 07:32 PM) AFAIK, linking to CIMB Clicks Malaysia allows you to see the balance only. To perform transfers you'll need to use CIMB Clicks Singapore. Hi,After opening a FastSaver account you will get a couple of SMS (welcome, first time login code) and token device via snail mail that allows you to create CIMB Clicks Singapore account. Is this your recent experience? I have iSavvy with Maybank, but the interest is very low for my parking funds. Therefore, i plan to open CIMB Fastsaver to enjoy 1% interest. I don't need ATM card, but will need internet banking for transfer of funds. Some questions: - How long does it take for token device to arrive in Malaysia? - Are there any other charges other than OTC transactions? I just need to temporarily park my funds while waiting for future investments opportunities. - Edit: is there any need to go down to sg at all? Thanks. This post has been edited by wjchay: Mar 18 2019, 09:13 AM |
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Mar 18 2019, 10:45 AM
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#10
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Senior Member
645 posts Joined: Apr 2007
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QUOTE(roarus @ Mar 18 2019, 10:22 AM) I use it as parking too for now, no frills no card account. Thanks for your reply. I'll proceed to open account then.1. About 1-2 weeks after you got the account opening success/welcome SMS. You can still transact via SMS OTP if you have to before token arrives. 2. No fees so far - I recall there's no min balance and annual fee for a FastSaver 3. No need to go SG, although I got a call from a rep inviting me to drop by if ever I was in Singapore - most likely to sell investment products |
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