If can open at Maybank SG, yes,... then must open one there too. There are its benefits too !!!

Hi,

Will like to know which banks allow Malaysia without employment to open Singapore saving account?

What is the minimum deposit and charges I need to take note?

And also how is the charges for transferring between Malaysia and Singapore?

Must I physically present in their branch to open an account? Is there any method to do it online + mailing?

Thank you

This post has been edited by AIYH: Oct 25 2016, 04:58 PM

Wow,..bro, uou ist do some homework too,...

I tell you this much lar,.. Standard Chartered Sgp,for sure, Minimum Deosit, SGD1000, ........the rest, please do some homework,.. or let Prince, etc reply,...

Hansel Yeah, this is really good. The fee is so much cheaper as I am just a small investor. Yes, I have CDP account. Will it be difficult to open SCB SG account now? Haizz, I just went to SG last month. That means I need to open both savings account and a trading account with SCB right? Still need to transfer to CDP? I thought SG only require one CDP account, unlike Malaysia where we need to have different CDS accounts with each security firm.

Cherry,...It's still possible to open the Stanchart accounts that you were talking abt,... take another trip down to SG to open them asap, before they close the doors... One CDP Acct is enough,...

You can transfer over later if you wished to... otherwise, just leave them inside the Stanchart Trading Acct..

Added : Bring yr proof of residential address from yr home, eg,... your water bill or electricity bill,...standard documents would be yr passport, IC, etc,...

This post has been edited by Hansel: Oct 25 2016, 10:37 PM

What is the benefit of transferring from SCB to own CDP account??

Owning shares in CDP is more of direct ownership. It allows you to :-

1) be totally free from risks of the nominee bank failing.
2) attend AGMs and other co meetings.
3) participate directly in corporate actions without waiting for notifications from the brokerage.
4) sell via any direct-holding brokerage rather than where you bought through.

Bro Hansel, curious that are u still using scb for purchase since CDP have most the b3nefit? My case i still stick with them due to their lower upfront cost.

Bro,... SCB still has the lowest upfront and percentage costs among the brokerages,... and need to GIVE SOME BUSINESS to SCB,... maintain relationship with them,... and with my RM,....

btw guys if your holdings in SCB is quite large amount, you can consider applying for priority banking SCB (200k AUM), then minimum comission will be 0.18% instead of 10sgd..

Thanks Hansel, SCB FTW! Ur fav Kep Corp & M1 looks tempting to me, I'll consider to re-add them.

Besides, I still look closely at SATS, Vicom, FCL, SGX, Starhub, Wee Hur & GLP. May consider Lump Sum when the timing is right to me.

Aiyh,

U may refer to the SC offial website. Very clearly stated.

U must be present at SC to open d trading acc. Mim is sgd1k.

https://www.sc.com/sg/help-centre/faqs-ways...#online-trading

This post has been edited by prince_mk: Oct 26 2016, 06:08 PM

Wow. What a long list. Will do some study on your list. But I m surely will add SGX and Starhub.

Erm... M1 to be readded. But that day said not so good coz d 4th telco is coming in soon.

This post has been edited by prince_mk: Oct 26 2016, 06:02 PM

Probably 4th telco result will be out by this Friday. Stay tune for the big 3 telco up or down.

Ya, seeking opinion on my daily watchlist. I just jip into Raffles Medical as I believe medical sector in SG will still prosperous no matter good or bad economy are, at least is safer sector to me.

Divvy for medical provider is not attractive but very stable.

Can buy also.but i m focusing on high income and growth stocks.

Thanks Hansel for your advice and info. By the way if under nominee account, will SCB charge additional service fee when the share dividend is credited? I have trading account with CIMB Malaysia and if not mistaken they charge SGD10.00 for each dividend credited and that is the reason why I go to SG to open both savings and trading account.

No additional S/c imposed by SC Sg.

Are u into Sg reits also?

This post has been edited by prince_mk: Oct 26 2016, 10:43 PM

GLP price is going down trend since 2014. Wonder why even has a big business ?

prince thanks, that is great !. Yeah I am more interested in SG reits. Attracted by the regular dividend payout.

Then i would suggest u go and open an acc in Sg. Welcome to Sg market.

As for Msia trade, i havent had open a trade acc. What trade acc is easy to use?