Questions - Relocating to Singapore

Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.

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Laura
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Joined: Thu, 11 Mar 2004 3:00 pm
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banking

Post by Laura » Tue, 08 Jun 2004 7:27 pm

Before I came over here, I rang every bank in singapore to ask about transfering money between different currencies, because company here pay me in SG only. Even international bank has branches everywhere, but they still charge application fee plus commission ( charge % of the amount you transfer) every time you remit money. In another world, as long as it is in different currency, to different countries, they will charge you application fee plus commission, even you transfer money from internet directly, which I was told, which is happened to me a couple of times.

Unless your new company has local office in Germany, they will put you as employee in Germany, and they will pay you from there, not from singpaore while you working in singapore.

Patrick
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Location: Germany
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Bank

Post by Patrick » Thu, 17 Jun 2004 9:18 pm

Hi people,

I made an account this morning at the Citybank. Now I will get money in Singapore at the Citybank without paying a fee. For the local payments like the rent and my wages from the company, I will set up an local account at the citybank.

Thank you for all your help.

@NBB: Nice Game, but Germany was better. What do you think ?

Patrick

Martina
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Joined: Thu, 17 Jun 2004 10:04 pm

Re: New Question

Post by Martina » Thu, 17 Jun 2004 10:17 pm

Hi Patrick,
I also work for Siemens. Don't worry, there are tons of Germans at Siemens here. In August I will have four German students in my department alone (they stay for 3 months). Come to 11th floor.

For employment pass and everything, Sandy organizes it for you. Also apartment.

For Internet, I went with Starhub. It works fine and costs about 70 S$ per months which is about 35 Euro.

And among us (without any Singaporeans listening) they work less here compared to Siemens Germany. The flexible time allows that you start in the morning as late as 9.30 h ... imagine that in Germany.

See you, Martina (which is my real name, ask Steffen or Santosh)
Best regards,

Martina

Patrick
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Hi Martina

Post by Patrick » Mon, 21 Jun 2004 12:31 am

Hi Martina,

Sounds really nice what you said. I`m looking forward to work at the Siemens company. And I think it will be a very nice experience.

I hope to see you soon ;-) I will contact you, when I am in Singapore, if that`s OK for you ?

Thank you for your posting.

See you,

Patrick

JOJO josephine

Money tranfer from germany bank to singapore bank

Post by JOJO josephine » Tue, 29 Jun 2004 5:24 pm

Hello/Hallo :wink:

Can anyone help me over here, :lol:
I'm Josephine from Singapore, setting up a online business :lol:
Mostly my customer are from germany :wink:
But having some payment problems. :cry:
I know about Citi bank from this forum, and like to open an singapore account here, hoping my customer able to tranfer their money into my account over here.

But my concern is :cry: Is citi bank in germany a common bank over there. So that my customer can tranfer money convenience.
What happen their bank are not citi bank, so mostly how over germany work?

Hopefully, some nice people in the forum able to help me :lol: .
Thank a million

Regards
Josephine

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jpatokal
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Post by jpatokal » Tue, 29 Jun 2004 8:49 pm

No, Citibank is not common in Germany, the local banking market is extremely fragmented. If you're doing online payments, particularly small ones, you should look into PayPal or credit cards -- international bank transfer fees can be horrendous for small amounts.

JOJO Josephine

Money tranfer from germany to Singapore

Post by JOJO Josephine » Wed, 30 Jun 2004 10:05 am

:lol: Thank a million jpatokal,

Thank for the fast reply, guess you heard about ebay. I did some homework, mostly in ebay germany. Most of them use money tranfer, but I guess it not suitable for me coz I'm in Singapore. :cry: and moreover they don't use paypal much.

:lol: :lol: But anyway still very thankful for the information. :wink:

Regards
Josephine

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