QUOTE(!@#$%^ @ Feb 20 2021, 02:25 PM)
Why on earth invest in Simple when you can invest in Versa for better liquidity When investing in SA better go for invest portfolio as the returns and liquidity are way faster than Simple by 2 days
Opening a Bank Account in Singapore
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Feb 21 2021, 06:27 PM
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#1
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
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Feb 24 2021, 09:08 PM
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#2
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(LostAndFound @ Feb 24 2021, 02:20 PM) There are many ways to make a good living. You are restricted by your ethics, by your culture and heritage, by your connections, and sometimes by your capability. I rather be a whale piggybacking on a shark But when you find a way, what do you do with the other people who are using the same way? 'Blue ocean strategy' only works until a bigger shark than you comes along. So no matter what you must grow to become a shark. |
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Jun 5 2021, 01:43 AM
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#3
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(nicemamak @ Jun 4 2021, 06:06 PM) Which bank in Malaysia can save in foreign currency like SGD, RMB etc? Most banks has dual currency account but the easiest to apply at the moment would be OCBC, HSBC or HLBWhich bank is better as well as interest earn? OCBC? With current rates are so low you can forget about interest as most of this account transactional function Pm me your telegram Id if you need further info on it |
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Oct 29 2021, 03:34 PM
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#4
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(Ramjade @ Oct 28 2021, 11:18 PM) Thanks for the new info about SGD.HKD. Er you do know that you it's difficult to move USD around in SG Vs HK right? I believed you can do like a FAST transfer for USD in HK but not in SG. Not worth SGDHKD while USDHKD is pegged at 7.75 so no need worry about FX rateIn SG, you are only limited to 1) cheque 2) TT 3) Same bank transfer for USD. When you want to move USD. Been trying to look for something like FAST for USD but seems the tech isn't available in SG yet. Based off chat with customer service. Use Sunway money. You will get better rates. |
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Nov 4 2021, 08:15 PM
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#5
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(thecurious @ Nov 4 2021, 07:30 PM) Guys dont need panic(just in case anyone actually was) Looking back at his posts history, he was put on cimb watch list for some crypto scam or something. Either that or his loan intake is high from either CC or PL hence which DCA is for securitised his accountNot cimb sg shutting down. So most likely he was singled out. |
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Nov 4 2021, 09:24 PM
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#6
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(KenYoung @ Nov 4 2021, 09:16 PM) Called them before months back when my acc closed but they said can't disclose reason.. Guess was because high volume of transactions.. The reason why’s now we know that you’re a liability to CIMB with HP loan, high volume transactions hence to securitised your account DCA is needed which is very extreme from the bank side as they would’ve been about repayment But this time very minimal transaction but kena also Dood, total nonsense.. It has nothing to do with crypto.. And the watch list thing is just as simple as I tf money to u for something, but report police say ure scamming and not releasing goods I've paid for (when I actually already did) and then next thing u know Ure in watch list.. Anyway that was Malaysia side.. Nothing to do with SG. What is cc or pl? I don't have any loans except for a recent HP loan Stop assuming🤦 I have friends who done very little transactions also kena closed... Of course some like mine was high volume transactions then agak agak la.. I'm not trader of crypto also btw |
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Nov 4 2021, 09:30 PM
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#7
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
QUOTE(thecurious @ Nov 4 2021, 09:28 PM) As long as you're confident, go fight for your rights. And causing minor panic and heart attacks in some Not interested in the actual reason. Your initial post was almost implying that cimb sg was closing all accounts, was just debunking that. thecurious liked this post
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Nov 4 2021, 09:40 PM
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#8
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QUOTE(KenYoung @ Nov 4 2021, 09:32 PM) Nah... My message was that they been very sensitive of lately.. Aside frm mine and sis, I know of 3 other ppl who also had their accs closed and the past few months.. If your account and those did cross transfer to each other the only reason why to be closed it is because high risk and suspected of AMLA/CTFL 1 was high volume.. 1 said he had few txns only a week... Another barely used.. |
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Nov 12 2021, 05:41 PM
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#9
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6,427 posts Joined: Jan 2003 From: Autobiography!!! |
[quote=Hansel,Nov 12 2021, 02:57 PM]
wow wow.. so detailed!!!... [/quote] Some things he wrote up there are wrong,... tho' with the new VTL betw SG and MY,... some things have become right. Anyway,... I think,... CIMB SG may not be a 'safe bank' to put all your money in anymore with the removal of the FSIE next year. JMHO.... [/quote] This written before VTL was announced The only way CIMB SG will closed is that MAS revoke the license which probably close to 0 CIMB SG will be held easily for inward transfers back and will alert IRB easily via CIMB MY |
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Nov 12 2021, 10:19 PM
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#10
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[quote=Hansel,Nov 12 2021, 09:52 PM]
This written before VTL was announced The only way CIMB SG will closed is that MAS revoke the license which probably close to 0 CIMB SG will be held easily for inward transfers back and will alert IRB easily via CIMB MY [/quote] Tq,... To ur first statement,... yes, aware of that. That's why I put ...tho' with the new VTL (etc),... To ur second stataement, there are certain reasons imposed by MAS for CIMB SG to follow in order to close an acct without giving further reasons to the acct-holder. To ur third statement, yes, I thot so too,.... [/quote] Usually when CIMB SG close account it 98% due to AMLA/CTFL so very rare it happens unless it very frequent activity by the account holder |
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