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Bank with best Online Banking (inc int'l transfer)?
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Sir
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Joined: 15 May 2010
Posts: 33

Location: Singapore

PostPosted: Sat Jan 28, 2012 11:13 am    Post subject: Reply with quote

well HSBCs online form asks for a BIC code, but It seems to be the same thing called different things...

Wikipedia wrote
Quote:
ISO 9362 (also known as SWIFT-BIC, BIC code, SWIFT ID or SWIFT code)


so yes, I suppose i do. thank you!
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stiwi
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Joined: 01 Sep 2009
Posts: 87

Location: Singapore

PostPosted: Fri Mar 02, 2012 10:36 pm    Post subject: Reply with quote

I don't know if SCB has the best online banking but certainly it is the only bank known on this forum that can waive most of the fees for international bank wires, except the intermediary bank fees. Please read here. So the total cost of the bank wire to UK should be approx. GBP 20.

You can also cover intermediary charges to receive amount in full (by choosing "OUR" when doing the transfer). If the remittance is in SGD, fixed intermediary charges are S$50, if in foreign currency, then US$28 or equivalent.
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zzm9980
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Joined: 06 Jul 2011
Posts: 1247

Location: Singapore

PostPosted: Fri Mar 02, 2012 10:40 pm    Post subject: Reply with quote

stiwi wrote:
I don't know if SCB has the best online banking but certainly it is the only bank known on this forum that can waive most of the fees for international bank wires, except the intermediary bank fees. Please read here. So the total cost of the bank wire to UK should be approx. GBP 20.

You can also cover intermediary charges to receive amount in full (by choosing "OUR" when doing the transfer). If the remittance is in SGD, fixed intermediary charges are S$50, if in foreign currency, then US$28 or equivalent.


Citibank is completely free as long as you use have Citibank on both ends, in SG and UK. I don't know their SG -> UK exchange rate, but the other day is was 1.249 SGD -> 1 USD, which was less than 1% different from what the market said it was...
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aster
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Joined: 15 Jan 2010
Posts: 1232


PostPosted: Mon Mar 05, 2012 11:32 am    Post subject: Reply with quote

zzm9980 wrote:
Citibank is completely free as long as you use have Citibank on both ends, in SG and UK. I don't know their SG -> UK exchange rate, but the other day is was 1.249 SGD -> 1 USD, which was less than 1% different from what the market said it was...


That's quite a good exchange rate for one that doesn't have to be "fixed" over the phone.

Was that the general rate for all clients or do you need Citigold status to get such "tight" quotes online?
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zzm9980
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Joined: 06 Jul 2011
Posts: 1247

Location: Singapore

PostPosted: Mon Mar 05, 2012 12:21 pm    Post subject: Reply with quote

I just have a normal Citibank acct. As mentioned, I think it's very good for the Singapore end, as they're trying to be competitive in Singapore. When I go from US -> SG, I need to pay a US$11 fee (since I need to initiate on that end). In the US, Citibank doesn't need to try and be competitive Smile
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Baie0522
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Joined: 12 May 2012
Posts: 1


PostPosted: Sat May 12, 2012 3:20 pm    Post subject: Reply with quote

HSBC, screw AJAX it works, doesnt piss you off with oddness and is fast enough to use of GPRS when you really need to move money around.

They will be giving you a token system for authentication, though.

More important would be how much they charge you for going overdrawn, though. (25 quid per failed transaction.....)
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