That's if you feel like not using the multiplier account then close it. If you are like jack2 who needs the multiplier to buy crypto, then maintain it.

Second step, open POEMS, transfer your FSM SG and FSM MY holdings over into POEMS.

No point paying FSM MY 1.75% and FSM SG 0.1% per quarter when POEMS is free right? Unless of course you don't mind giving people free money I know I am not generous to corporations

This post has been edited by Ramjade: Jan 6 2018, 12:11 PM

Haha.. diam diam to prevent the bank closes the registration.

Meaning that you already have a DBS account. If you have an existing account with a SG bank, it would not be that hard opening another one with a different bank.

DBS and POSB are the same bank.

Try reading through and comprehend what I meant.

Dbs and posb are main and subsidiary I guess.

I opened the dbs multi currency acc last year and the posbank via dbs online.immediately acc is activate via online in Msia.

Thanks to Ramjade

Actually it's not true. Even though you have DBS bank account, if you walk into a POSB bank account, they won't let you open account. Personal experience
Not to mention UOB and OCBC also won't entertain you.

Based on what you said

On the contrary, having a SG bank does not make it any easier to open account with other SG banks.

This post has been edited by Ramjade: Jan 6 2018, 09:37 PM

CIMB Sg allows opening account if you could FAST transfer from another Sg bank account.

True but cimb SG is pretty useless in SG when it comes to stuff that needs EPS payment due ti the act only few banks support EPS payment.
Let's not forget, you cannot open a Cimb account without first opening a SG bank account. So you still need a bank account The question is how far are you willing to go to get a SG bank account?

This post has been edited by Ramjade: Jan 6 2018, 10:08 PM

True. But if u bring a big chunk of cashnotes, they surely will consider having us as their customer.

It doesnt matter. Refer to the title of the thread and my reply to a post by a bro earlier. The point is
1) open a Sg bank account
2) he could open another Sg account if he already has one with another Sg bank.

The rest are irrelevant as of now as per discussion.

The rest is relevant. Jack2 wants to buy crypto using USD. His SG cimb/maybank does not come with USD account. Even if he were to open a FCY with those 2 mentioned banks in SG (which he have), those 2 banks does not let you do transaction in USD via online. The best bank for the job is DBS as they let you transact online for USD.

If back to original TS question about opening SG bank account, your post about opening a cimb is not helpful as one needs a SG bank account first. No SG bank account, how to open Cimb SG bank account?

This post has been edited by Ramjade: Jan 6 2018, 10:18 PM

Jack2 have manage to open a DBS account.

I was referring to Prince_mk' before you suddenly barged in replying to something not relevant to what I was saying. I seriously think you have a serious disability to comprehend what others are trying to say.

I think you need to know the history of the chats.
Both me and Prince have DBS multiplier which have SGD3k sitting there not working.
I found a way to close that account while retaining usage of DBS bank. Which means I can put the SGD3k to work.
I am sharing with prince on the steps involve in closing that account while retaining full control of a using a DBS bank account
Prince doesn't wants to know how to open another bank account.
He wants to know how to close his DBS Multiplier account and transfer his holdings (SGD500) into Posb account.

guys i just opened an account with maybank kim eng. may I know how can i access their online portal? do i have to wait for another pin mailer for my user id and temporary password?

Yes. Wait.

Anyone with a Maybank SG account? What is best way to transfer money from Maybank Malaysia to this account? Foreign TT option? Has anyone used FAST? Do you need to apply for this facility?

Thanks.

This post has been edited by Mattrock: Jan 18 2018, 02:18 PM

Moneymatch or instarem.
Yes. FAST is basically their verison of IBFT except that it's free.
No need to apply. It comes with the bank service.

Thanks. I checked out Moneymatch. Looks good.