Bro I am living example of people not living there/working there/studying there who have SG bank accounts. FSM SG is one broker which doesn't need any SG bank account and application can be done online.

If you have priority banking, it's very easy to get one. If you don't (like me), then need to work harder. Not impossible but hard la. Up to you whether you really need an account or not as mentioned FSM SG does not require you to have a SG bank account. They are broker + UT seller + bond seller. Will I use them for UT? No. I use POEMS SG. Save 0.1% on quarterly platform fees.

You can TT straight into FSM SG account. But when you want to withdraw, a bit more tricky lor, probably have to TT the SGD (or change change into USD) back to a Msia bank foreign currency account

As what dasecret said below. This is because FSM have it's own cash account for holding your money. If you don't want to spend money on TT, use moneymatch. It's our own Malaysian Transferwise. Exchange rate is on par with money changers minus the fees.

To withdraw ask FSM to do a TT. No choice unless you have SG bank account where you can use one of their fintech (singx, transferwise) to transfer money back at cheaper rates and not so expensive fees.

If you have maybank malaysia, one can even open account with maybank SG via post.

I gave xuzen homework on how to open everything without needing to step foot into SG not sure if he did it. Here you go
https://forum.lowyat.net/index.php?showtopi...post&p=84349022

Basically is you go download Maybank iSavvy pdf form online (look for the latest date). Fill it up, go to the selected Maybank branches which process application for iSavvy (is listed on the form), buy a bank draft (pay to yourself in SGD, min SGD500) from Maybank Malaysia, go to the counter which do iSavvy application, submit all required documents, now you seat back and contact Maybank SG after 3 weeks to esquire the status of application. If all goes well, you will receive your welcoming package in the mail box by 4th-5th week.

I also awaiting 3.08!!!

today 3.10 if RM up few more days.. 3.08 might be possible. i am monitoring closely.

Maybe another relevant question is, if you buy SGD on FSM Msia, can they transfer/TT it to FSM SG?
If cannot then no point also