The weather’s great, there are lots of career opportunities (especially in the financial sector) and taxes are really low. With this service, you can: View your CIMB Bank Singapore account – transactions history, pending transactions; Perform funds transfer to your own CIMB Bank Singapore accounts; Schedule funds transfer to own CIMB Bank Singapore accounts Unfortunately, these requirements make it very difficult to open a bank account in Singapore if you’re just visiting and don’t plan to settle there. There’s also a Campus Account for students, which comes with a free visa credit card and up to 0.10% interest per annum on your balance. Regardless of where you are located now, simply submit an online application to open a global banking account in Singapore. Give your business a bullish start with a UOB Business Account in the $108,880 Ang Bao Giveaway. Documents acceptable as proof of address include: - a recent (less than 3 months old) utility bill;- a phone bill (less than 3 months old);- official correspondence from the government or a public authority;- a bank statement (unusually, an e-statement is also acceptable);- a rental agreement; and- a formal letter from your employer confirming your employment, together with proof of employment (such as a copy of your employment contract or a payslip, for example). And if you’re a business owner, the business current account has a free corporate ATM card, planned overdraft facilities and up to 20% in rebates. Enjoy (24/7) Instant Online Account Opening With OCBC. It is possible to open a Malaysian bank account as a non-resident. This isn’t surprising at all. Our company offers bank introduction services for opening corporate and personal accounts with the OCBC Bank. We’ll cover this in more detail later to help you weigh up the options. Broadly speaking, you can expect the following fees and charges: Very often, you’ll need to meet a minimum deposit requirement, which is normally between S$1,000 and S$3,000. In fact, it would be more accurate to call it a small city. You can only apply for a Frank account if you’re between 16 to 29 years old. This service specifically allows foreigners or non-residents of Singapore to open a bank account in Singapore without needing to reside in the country. For investing, studying or working abroad. Check our comprehensive guide on how to go about it. It’s likely you’ll be required to make a large minimum deposit (even up to S$1 million), maintain a large in-credit balance (S$10K+) and pay various account opening fees and charges. Singapore dollar deposits of non-bank depositors, and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme, are insured by the Singapore Deposit Insurance Corporation for up to S$75,000 in aggregate per depositor per Scheme member by law. As long as you can connect to the Internet, you can open a global bank account in Singapore that allows you to operate your account from anywhere in the world without having to enter Singapore. OCBC have three basic accounts: Frank, Statement Savings and 360 Account. I got my a/c opened in Pelangi. This account is designed to be a simple way to receive the salary in Singapore, and comes with a card and remittance services. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Can I open a bank account in Singapore as a non-resident? Perform your First Time Login with the Activation Code. Chances are you’ll be slapped with an administration fee and a service charge, as well as an unfavourable exchange rate. Depending on the bank, this may be either a flat fee or a percentage commission. Please view here (for English) or here (for BM) for information. Types of investment products. That way, you’re sure you’re not being charged for making a withdrawal. We are welcoming the new year with ang baos for our SME customers. You can also apply for a business account. ... Malaysia: USD, GBP, AUD, SGD, EUR, JPY, CAD, NZD and HKD ... You can currently open an HSBC bank account overseas in over 30 countries and territories. MYR. They hold money only in one currency. You can only apply for an employment pass through your employer, which means you can’t get one unless you have a job. Opening a bank account in the UK is no longer difficult as it was before. If you’re new to Singapore, it’s a great bank to go with, as it has a tailored Expatriate Program you can apply for in branch or even online. DBS is the largest bank in Singapore and the whole of Southeast Asia. The final major Singaporean Bank is UOB. Branch: If you’re a Singaporean or PR, take your NRIC to the bank’s nearby branch. You’ll also get a bunch of other benefits, including free air miles for using your credit card and exclusive invites to events. Has anyone done it ? But there is a chance that you can do it without one if you're able to provide enough information that the bank needs. Bank Negara Malaysia licences, regulates and supervises i) 26 commercial banks ii) 16 Islamic banks iii) one international Islamic bank and iv) 11 investment banks. Identity card or passport together with other financial institutions in offering … Transaction banking Terms & Condition.... Free, you ’ ll need to know about a student bank account online in Singapore saving... 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