QUOTE(State9 @ Aug 9 2018, 11:10 AM)
Yea tomorrow will do as today is public. However just curious. Any past experience lads? Initial deposit for DBS
appreciate if you could update us on the latest info.... 
Opening a Bank Account in Singapore
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 Aug 10 2018, 05:32 PM
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8,188 posts Joined: Apr 2013  
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Aug 10 2018, 07:19 PM
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#2
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QUOTE(Ramjade @ Aug 10 2018, 07:03 PM) I opened with SGD50 but topup straight away after opening account. Thks....so you top up till S$3k and does it need to have an average balance of 3k monthly?...else they will charge you some fees? |
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Aug 10 2018, 07:58 PM
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#3
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QUOTE(Ramjade @ Aug 10 2018, 07:47 PM) Yes need to maintain SGD3k. The SGD3k is practically stuck there and cannot withdraw earning 0.05%p.a. Even if it should drop to say SGD2999.99for for one day, you will be charged as SG banks use daily balance must be >=SGD3k. Good info.You can withdraw but need to make sure you can earn back the fees being charged. SGD5.00 or SGD7.50/month depending on type of account. What I did was after few months later switch my bank account to the min SGD500 one and put the balance SGD2500 to work. Close the SGD3k account. so the newly switched one is POSB or DBS a/c? |
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Jul 19 2019, 12:42 PM
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I wanted to apply for internet banking with my a/c.
saw this..... did you guys provide that info?  my guys feeling is that it is 'fishy" https://internet-banking.dbs.com.sg/ibAPL/W...EATE_IB_PROFILE Attached thumbnail(s) 
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Jul 19 2019, 01:08 PM
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QUOTE(roarus @ Jul 19 2019, 12:58 PM) While the process look strange by our i-banking standards, the page legitimately belongs to DBS (have trusted URL cert). In anyway if you still have doubts perhaps hop over to HWZ where DBS account holders are more abundant to advise better.  thks.was searching for better option/methods to cancel both my DBS&POSB a/c without going over. |
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Mar 2 2020, 09:06 AM
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#6
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did not state the limit though...
need BNM approval...  Guide to the exchange control rules https://www.bnm.gov.my/index.php?ch=en_pres...ac=2990&lang=en Attached thumbnail(s) 
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May 6 2021, 11:18 AM
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QUOTE(Eisenmeteor @ May 6 2021, 10:41 AM) Guys, want to ask. For e-filing, there's a question that ask if i have financial accounts outside financial institutions in Malaysia.. i think you should report it during your Apr 2021 tax declaration.....If i opened it on Feb 2021, then i need to declare this only for tax filing year 2021 (complete by 2022) and not for income tax filing for 2020 (complete by April 30) right? for they did not ask " if i have financial accounts outside financial institutions in Malaysia." through out 2020....or when did you start to have those a/cs |
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May 6 2021, 11:46 AM
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QUOTE(Eisenmeteor @ May 6 2021, 11:45 AM) So I open the account on Feb 2021, so i think i will only declare the account for the 2021 filing which is due in 2022 correct? my 'thinking" is just declare it the 1st chance you are asked.....you opened those a/cs in Feb 2021,.....where you asked during the tax filling in April 2021? This post has been edited by yklooi: May 6 2021, 11:48 AM |
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Jun 24 2021, 02:40 PM
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#9
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QUOTE(gunpla student @ Jun 24 2021, 02:37 PM) Easy easy. Fast approval also. just to let you know,...just in case you missed the date,......that was a decade old post that you just responded |
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Jun 24 2021, 02:52 PM
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QUOTE(gunpla student @ Jun 24 2021, 02:44 PM) Thank you. still waiting to be called .....registered thru the website since AprilHow are you yklooi? Long time no see. Vaccinated already? |
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Aug 1 2021, 12:33 PM
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QUOTE(Ramjade @ Jul 31 2021, 08:52 AM) tadashi987You forget to add protection against decreasing RM since you can protect now your buying power over time rather than keeping money in Malaysia. What this means is your hard earned money don't get devalued so fast ................  i just made this comparison while waiting for breakfast,.... results of keeping money in SGD bank vs MY bank for the past 20 yrs feel free to correct my perception,.... Attached thumbnail(s) 
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Aug 1 2021, 12:41 PM
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QUOTE(Ramjade @ Aug 1 2021, 12:38 PM) Have you opened your account yet? held both POSB and DBS for the past 25 yrs.....just closed them last year |
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Aug 1 2021, 12:47 PM
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#13
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QUOTE(Ramjade @ Aug 1 2021, 12:43 PM) You are crazy. Of all the bank account, that will be the last I will close cause damn difficult to open. Nowadays I just keep SGD0.10 inside. i think they have tis minimum a/c balance fees ...like SGD 2/month for <SGD500...not sure about it now |
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Aug 1 2021, 12:51 PM
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#14
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QUOTE(Ramjade @ Aug 1 2021, 12:38 PM) .... You have to add in SGD will increase agak2 3% every year against ringgit. Then add in the 0.5% interest rate. from that historical chart,...it increased 40.15 for the past 20 yrs,...that is about 2% paif you were to add in that 0.5% then the future value calculator will have to used the average Msia bank deposit rate of 2.9 instead of 2.4,...then it will be 77% instead of 60% increase |
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Aug 2 2021, 06:09 PM
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QUOTE(coolguy99 @ Aug 2 2021, 10:42 AM) You closed all your SG accounts? YES now no more SG A/c |
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Aug 2 2021, 07:45 PM
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QUOTE(tadashi987 @ Aug 2 2021, 07:38 PM) oh why, investing in MY only? i now worked in MY, property in MY, stayed in MY, EPF in MY not 100% sure on how the forex will moves in my favours also i think one of the forummer mentioned, something like...if you invested in NON malaysia EQ,...you are also investing out of M'sia |
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