USD$1.09 per transaction?

No, I was referring to withdrawal charges. I saw it is $30, anyone can confirm?
https://support.futusg.com/en-us/topic120?lang=en-us

There is no withdrawal fees if you use FAST, as per the table in the link you just posted.

Yeah, saw that but didnt understand what is FAST.

It's like the Malaysian MEPS network. Singapore version. If you have ever transferred money in Singapore banks before you will be familiar with this.

FAST is sg version of our IBFT also known as DuitNow currently.

Thank you both for coming to the rescue, lots of catching up to do.

Guys, I am new to foreign account transfer currently. I am using Maybank, I do not have Singapore bank account. Meaning the only option I can deposit is using foreign telegraphic transfer, correct?

Go open Maybank sg account. But this one you need to visit branch.
Google "Maybank isavvy Malaysian pdf" click the latest off file. Download it and follow the instructions.

Keep in mind Maybank sg have min amount to maintain. Not sure it's still sgd500 or they have increased it to sgd1000. Failing to maintain the min amount inside means you will get charged sgd2.00/ month.

The money inside there practically earning zero interest.

If you don't want to lock up your sgd500/1000 don't open Maybank sg account. Instead go open CIMB MY account then open CIMB sg fastsaver. It takes about a month for everything to settle (for you to received all your mail in stuff from cimb/Maybank sg)

This post has been edited by Ramjade: Aug 15 2021, 07:45 AM

Still 500 SGD minimum for me.

The FAQ page also states the same: https://www.maybank2u.com.sg/en/bank-charge...gs-account.page?

you guys should take time to thank ramjade bro. Sometimes things get underappreciated. Big thanks to ramjade for info

on a side note, moomoo is with futu, and recently tencent had some news related to subsidized business (moomoo attracts users via free stock signups). Tread with caution.

good luck

This post has been edited by alexkos: Aug 15 2021, 09:41 AM

Thanks. Appreciate your respond.

Thanks. Thanks for info.

I heard some got charge cause is below SGD1k. For those who open past few year. Like those who open around my time, still sgd500.

is it necessary to have SG account to fund moomoo and withdrawal?
if i use my fren SG account to fund my acc? any issue?

My uneducated wild guess is cannot unless your name n your friend's name are both the same

Moomoo does not allow any transfer from third-party. It has to be transferred only from the bank account that has the same holder name as your broker account.

thanks for your advice

thanks for your advise too...

Actually I already got mine account ,,,, just that referral gift is very attractive so though can apply for my gf as well ...but she dont have SG bank account so no choice lo

hello guys, i was using MY passport for moomoo account opening and it worked just well.

However, my passport gonna expired soon, will that restrict me from continue using my account?

For my case, they told me my account's certain function will be restricted if i fail to furnish them new passport within 2 months.

I think may not be able to withdraw (they didn't specify)