Singapore bank charges

[cutejesey]

Any suggestion for corporate bank account? My company involve more on wire overseas transactions, would like to seek recommendation. Any recommended bank with low bank charges and service fee?


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[ecureilx]

Any suggestion for corporate bank account? My company involve more on wire overseas transactions, would like to seek recommendation. Any recommended bank with low bank charges and service fee?


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Corporate and low charge ? What did I miss ? not with the local banks.

Local banks here seem to be hell bent on milking corporates and delivering extremely poor service.

Example: it took me 3 visits to get a supplier form endorsed by DBS and every time the counter girl who helps issue the queue number reminded me of the long queue and to come back tomorrow, even though I told her I just need the form's bankers details certified.

And another time I was sitting for nearly 1 hour with 500k S$ in another DBS branch, to deposit my company money, and no, no priority even though It's corporate account.

Back home, corporates are given a separate queue, and deposits especially are handled as high priority.

Welcome to Singapore.

[Strong Eagle]

I used UOB from 2004 through 2014. Getting people setup in online banking was a hassle, requiring paper transactions but the online transaction charges were reasonable. And, I never had to wait very long at the UOB branch on Boat Quay to get service.

[DrScrumMaster]

MayBank appear to have a low cost business bank account. Though with all such things they may have higher fees in different areas.

[taxico]

i searched this out about half a year ago. this was what i recall:

there's an indian bank with low fees and what looked like rudimentary e-banking access.

they either had 1, 2 or 3 branches (max) in singapore. main/only office in CBD.

can't remember which one. google is your friend.

[ecureilx]

i searched this out about half a year ago. this was what i recall:

there's an indian bank with low fees and what looked like rudimentary e-banking access.

they either had 1, 2 or 3 branches (max) in singapore. main/only office in CBD.

can't remember which one. google is your friend.

UCO bank is used by a lot of businesses. They are full service bank. And trusted by big businesses..

I hope you didn't mean the State .... horror stories a few abound about the latter

[cutejesey]

Ocbc charged usd43 commission and usd15 agent fee, reasonable?


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[Strong Eagle]

Ocbc charged usd43 commission and usd15 agent fee, reasonable?


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For a wire transfer? That's terrible. How many dollars are you transferring?

[cutejesey]

Yes, wire transfer usd1,000

Terrible? Does it means uob lower fee?


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[Strong Eagle]

Yes, wire transfer usd1,000

Terrible? Does it means uob lower fee?


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http://www.uob.com.sg/online_rates/corp ... tward.html

[cutejesey]

Yes, wire transfer usd1,000

Terrible? Does it means uob lower fee?


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http://www.uob.com.sg/online_rates/corp ... tward.html

Thank you for the useful information


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[maneo]

Back home, corporates are given a separate queue, and deposits especially are handled as high priority.

OCBC branches have separate business banking queues.
The MBFC branch is usually a quick stop.

[ecureilx]

Back home, corporates are given a separate queue, and deposits especially are handled as high priority.

OCBC branches have separate business banking queues.
The MBFC branch is usually a quick stop.

Maybe it's Just DBS doesn't care about their captive market

[maneo]

Maybe it's Just DBS doesn't care about their captive market

Always thought that DBS stood for Dismal Banking Service.

[Strong Eagle]

Back home, corporates are given a separate queue, and deposits especially are handled as high priority.

OCBC branches have separate business banking queues.
The MBFC branch is usually a quick stop.

So does UOB.