I would also advise you to open a Saver Account with Standard Chartered Singapore, before they close their doors. There are benefits to this. If you do what I say, you will not regret it later,...

It is not easy to open bank accounts anymore if you do not hold an employment pass or are a PR,...But Standard Chartered Singapore still accepts Malaysians opening bank accounts there today,....

Hi,.. if you are a Singaporean or a PR, then this 'benefit statement' does not apply to you. You can always open an acct anywhere and anytime in SG.

If you are not, it is always better to have another account beside OCBC's, furthermore, what is your brokerage charge in OCBC Trading ?

Yes, yr fees stated are abt right.

But if you have SCB, your minimum charge is SGD10, OR 0.2% of transacted amt, whichever higher,... This is good, right ?? But yr shares are kept in Stanchart and are not registered directly under yr name, hence, you are not able to go for AGMs.

After buying thru Stanchart, you can always transfer yr shares to CDP, PROVIDED you have a CDP Acct, at minimal fees. 

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,...

No additional S/c imposed by SC Sg.

Are u into Sg reits also?

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?

It's USD 0.83, bro,... this is the ONLY USD REIT that I know of, which does not impose a 30% withholding tax onto dividends to be paid out. But, must fill-in the W8-BEN Form properly ! Good luck, bro,....

To get exemption pls fill up d form.

I sign up for US Sg and HK market. U may transfer within these acc. No need have special foreign currency acc.

Replies,... Cherry :-

a) and b) YES, please do so asap for them to record our name, and also fill it in correctly !

c) and e) Yes, you can buy in the SGD, but the outlook for the USD is better today, so, for myself, I'd prefer to buy in USD.

d) Use Prince's way, open a Stanchart Trading Acct, and activate the USD Settlement and Trading Accts. This is the fastest way !

Cherry, have you called them yet ? Don't look at the other threads for now,...so much information has been superseded in the last few days. This forum has been very active in the last few days because of the currency crisis !

U fly or take bus ? I also going there too in 2 weeks time.

Sifu Hansel,

I admire your continuous supports and guidance towards us (newbies). No talk coxk one. Sure will do one.

Like u said, try to have few accs in Sg.

What do u think of DBS Multiplier Account, it is an all-in-one account for customers to transact in SGD & Foreign Currencies. Customers have to maintain a minimum average daily balance of SGD$3000 across all currency pockets.

The fall below fee for the DBS Multiplier account is SGD$5.00 per month if the MADB of SGD$3000 is not maintained.

You will enjoy higher interest rates of up to 2.08% per annum (p.a.) on your DBS Multiplier account balances.

I may park in few major currencies with interest paid.

What do u think

I'll give you my opinions based on my needs, but may not be applicable to you, bro,...

1) Yes, the DBS Multi Acct is good because of one very impt characteristic - [B]this account allows you to deposit in and withdraw different currency notes without extra charge ![/B] With this capability. a whole new world of facilities and savings await you.
2) Let's do the calculations : if you are a good investor, you can earn a yield of more than 7.5% from SG REITs. Leave SGD60 in the account for DBS to withdraw as fall below fee for a whole year. Invest the remaining SGD 2940.

Don't think about the 2.08% pa,... if you are to think of the 2.08%, better keep the money in Msian FD,... can earn more than 3.8% now.

Work it out,... it's worth it ! For me, I wished for DBS to earn something too,... so,... I think it's okay the bank earns SGD 60 per year for letting us use their facilities,....

Check your PM.

What's the required documents? I only got passport, screenshot that I passed SGX test, my total nett worth.

Any bank reference letter?

Hi,

after getting the account opened in DBS we can trade online from Malaysia rite ? tqvm  for sharing with us.really appreciate

custody fee?

what is that?

If yours is direct ac. then the dividend willbe bank into yr bank ac.

after you purchase.. MANUFIFE will send u a nice INVESTOR PACK asking if u want your dividend in USD or SGD.

No need, it a SGX counter

Cash account. But I am having trouble withdrawing. They reject my withdrawal.  Send an email to DBS Vickers to demand to know why I cannot withdraw

I don't get that. I only got transfer to Cash account or Security Deposit   

Maybe mine is rebate. Cannot withdraw, cannot transfer. Want you to use cash account so they profit more