am trying to attempt this:open a sg brokerage account to cut on the dividend fees.call me cheapo or whatever LOL!
lots of paperwork and bureaucracy or rules involved.
if you cant get a local sg bank account, opening a direct CDP is not possible as DCS of dividend(direct crediting is mandatory):Citibank,DBS,UOB,OCBC,SCB, HSBC

so the next option is custodian CDP account but a lot of fees is involved.most brokerage in singapore charge for dividend and also custodian fee per month/quarter.Maybank KE seems to offer the lowest fees as they only charge for dividend:$2 for dividend less than $100
will update if i successfully get it done haha

I did check a few:CIMB, then found out need to open CDP sub account which CIMB charges a lot of money(for dividend + custody fee) more than what I currently pay to them for my dividend(CIMB IB Malaysia). OCBC is also another option but they need minimum deposit 2,000 which im unable to cough out at the moment.
so hopefully i can get my local SG bank account settled, otherwise i might need to find workaround(joint application with my relative,etc etc)

DBS allows account opening but DBS bank account got minimum (2000 or 5000 if im not mistaken) otherwise will be charged the monthly fee

Apparently DBS won't give you normal savings acc.when I open I got a multiplier account $5/month if balance below $3000.the good thing is if you have some foreign currency in cash you can deposit them into this account and keep it as it is eg AUD balance.and it also earns some interest 0.75% for AUD