QUOTE(Ramjade @ Mar 7 2017, 02:06 PM)
Don't use their trading portal. Not worth if you are using custodian account. There's maintenance fees involve.
It can also TT money back to Malaysia instantly and free. Something to rival DBS.
You might be interested in their CIMB Foreign Currency Current Account too as only need to maintain min 1000 unit of FCY (one of the cheapest). Again no charge for incoming TT in FCY.
But I have no idea how to move USD around in SG.
If use Cheque, it's free.
My strategy:
- Broker : Maybank KE Prefunded + Multi Currency ePay
- Bank: Cimb, Maybank, DBS (DBS will try to convert to cheap account, no point having MCA with them as they are useless now)
- Parking : Cimb
- Incoming TT : Cimb ( zero for incoming TT save SGD10-20/incoming remittance)
- Outgoing TT : Transferwise
Only problem, no idea how to move USD from Cimb to Maybank.
I need a trading portal connected to the bank.It can also TT money back to Malaysia instantly and free. Something to rival DBS.
You might be interested in their CIMB Foreign Currency Current Account too as only need to maintain min 1000 unit of FCY (one of the cheapest). Again no charge for incoming TT in FCY.
If use Cheque, it's free.
My strategy:
- Broker : Maybank KE Prefunded + Multi Currency ePay
- Bank: Cimb, Maybank, DBS (DBS will try to convert to cheap account, no point having MCA with them as they are useless now)
- Parking : Cimb
- Incoming TT : Cimb ( zero for incoming TT save SGD10-20/incoming remittance)
- Outgoing TT : Transferwise
Only problem, no idea how to move USD from Cimb to Maybank.
My bank is also charging me custodian fees for shares held presently.
Mar 7 2017, 02:09 PM

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