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Recommended Banks
Recommended Banks
Hi,
Could I have some (local?) bank recommendations in Singapore please.
Do you stay with your major international banks, or is it better to go to a local (if there are any) bank.
The account would simply be used to get paid into, attach some credit/key cards etc., for daily use, expenses. Internet banking is a must have.
I heard that HSBC and Citibank have horrendous fees for example.
Thank you.
Could I have some (local?) bank recommendations in Singapore please.
Do you stay with your major international banks, or is it better to go to a local (if there are any) bank.
The account would simply be used to get paid into, attach some credit/key cards etc., for daily use, expenses. Internet banking is a must have.
I heard that HSBC and Citibank have horrendous fees for example.
Thank you.
Re: Recommended Banks
Most of the banks are roughly comparable. I like OCBC for a Singaporean bank (they have branches with great hours, 11am-7pm 7 days a week) and decent online banking. Their credit card promotions suck.southernx wrote: I heard that HSBC and Citibank have horrendous fees for example.
Thank you.
Citibank makes it easy and kinda cheap to move money to other Citibank accounts around the world (but not always back in to Singapore). This is a big sell for a lot of us. Their credit cards have good promotions at places expats tend to frequent. (Cold Storage and Starbucks for example).
Re: Recommended Banks
DBS is the bestsouthernx wrote:Hi,
Could I have some (local?) bank recommendations in Singapore please.
Do you stay with your major international banks, or is it better to go to a local (if there are any) bank.
The account would simply be used to get paid into, attach some credit/key cards etc., for daily use, expenses. Internet banking is a must have.
I heard that HSBC and Citibank have horrendous fees for example.
Thank you.

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Move it to a Citibank UK account and transfer to Citibank SG, or just do a normal wire.CaptainBullus wrote:What would be the best way to transfer monthly amounts from my UK (RBS) account to a Singapore account? Thanks
Or, cash in the pocket on a flight. For large amounts ($50k SGD or more), sometimes it's cheaper to buy the round trip plane ticket.
Re: Recommended Banks
I have some questions too pls...southernx wrote:I heard that HSBC and Citibank have horrendous fees for example.
1. Do you get charged a fee to have your monthly salary paid in to your Singaporean bank account?
2. What documents would I need to open a bank account in Singapore?
I'm moving soon and want to ensure I have everything I need.
Danke
The grass is greener on the other side.
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As mentioned all the local banks are "good". As in they are stable businesses with strong balance sheets and offer a modern range of banking services.
Most all of them also have a brokerage arm, which is quite convenient if you do it through the same bank (if that's something you're interested in). That's why I use UOB & UOB Kay Hian.
Most all of them also have a brokerage arm, which is quite convenient if you do it through the same bank (if that's something you're interested in). That's why I use UOB & UOB Kay Hian.
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Re: Recommended Banks
DannyKhoo wrote: DBS is the best
Only if you want to stand in ATM queues for an hour.
The number of times I've been able to walk up to an empty UOB machine but see a queue of a dozen standing at the next DBC/POSB machine is eye watering.
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'
SIR Stirling Moss OBE
SIR Stirling Moss OBE
What the hell are you talking about?Denix Fluid Power wrote:Obviously, OCBC is the best as its paid up capital is relatively small. require only couple of thousands, other banks like CITI requires 300K.
And I strongly believe that a local bank has a strong support from the government which actually benefit customers if you choose them.
The account would simply be used to get paid into, attach some credit/key cards etc., for daily use, expenses. Internet banking is a must have.
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Last edited by Denix Fluid Power on Sat, 15 Feb 2014 7:50 am, edited 1 time in total.
Denix Fluid Power wrote:Your wise opinion?zzm9980 wrote:What the hell are you talking about?Denix Fluid Power wrote:Obviously, OCBC is the best as its paid up capital is relatively small. require only couple of thousands, other banks like CITI requires 300K.
And I strongly believe that a local bank has a strong support from the government which actually benefit customers if you choose them.
The account would simply be used to get paid into, attach some credit/key cards etc., for daily use, expenses. Internet banking is a must have.
Are you a complete retard? OP asked for opinions on a basic bank account with online functionality. You're talking about "paid up capital" (In a bank account?), spouting off arbitrary figured that make no sense in relation to what OP asked, and then talking about "government support" for the bank, like any of that matters?
My guess is you're a poorly configured bot, an uncomprehending Indian sitting in an ODC somewhere in a third tier city getting paid to make create forum accounts and build up posts so the accounts can later spam, or a complete retard. Or both of the latter two.
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