Hi guys, was wondering if a malaysian who's not working in singapore and with no PR able to open a singapore bank account.

I read online that for POSB its quite straighforward to open an account. Has anyone done it ? Need some advice.

Also is it possible to open a bank account through online, without physically having to go to singapore ?

Thanks !

Interesting. Last time I walked into POSB the aunty shooed me out.

So I went to Bangsar there to open Maybank iSavvy account instead. Maybank is actually not bad, just tak da Apple Pay.

I think right now, it's not possible. They have tightened the procedure for a Non-PR to open SG bank account. Why you need a SG account if you are not working there anyway?

All information can be found here. If you turn up without student pass/working pass, they will usually reject you.
https://forum.lowyat.net/topic/1440794

Yes. It's entirely possible. Maybank is the only one which allow that without the need to be a priority customer. See honsiong reply. And that's also application by post. No banks let you do it via online for obvious reason.

Yes. Maybank works wonder for those who don't want to travel down. Also limited until this opportunity is close.

This post has been edited by Ramjade: Dec 18 2017, 08:31 AM

Investment purposes

Not allowed

Why lah so susah. I thought malaysian can easily open wan..

I am planning to park my money there too but could not find a way to open an account. I do not want to repatriate money back to Malaysia from my foreign derived income.

Check the link given above. All info is in that link.

when there is a will, there is a way.

as per Ramjade link.

Only for msians who pay income tax....
Either as employee or biz owners....

Not true. All info is in the link above. If you have the patience to read through everything

ShinG3e, you are my sifu too

I dont reali care cause i work in sg

For what investment? Forex? Bitcoin?... lol

Opening an account in Singapore is very as ABC.
They are welcoming you if you deposit a million dollar with them.

Also, mankind is greedy and so those refused to repatriate money back to the country is deemed lack of nation building. So do not conplain why the ringgit is low, nobody want our ringgit or the country is bad and unable compete when ourselves don't love our country.

Thanks, will check it out.

Here's why some people would like to keep their money outside.

1. Diversification. It could be risk diversification. Or investment diversification, FD, Bonds, and so on.

2. Not ready to pay higher taxes in Malaysia. Would rather pay lower taxes in other jurisdictions.

3. Personal interest above every other interest. Of course, this is not a broad minded thinking ( a broad minded person would understand that helping the country is equivalent to helping oneself).


I personally think that most of our citizens love their motherland (Malaysia). It's just that they don't love the Government. It could possibly be an act of sabotage to pave the way for a new government? Not sure.

May I know how does keep money outside of mother country can pay lower taxes?

I also want to open.

How hard is it for someone who has no income?