Ditto that.michellell wrote:So I closed my account with Citi a month ago. I opened an account with DBS (which was super easy), and they have a multi-currency account that allow you to keep US$, S$ and other currencies. I'm happy not having to deal with Citi Singapore. Hope this helps.
I can understand other gripes the other gripes, but not the ATM one. You can use Citi, HSBC, SCB, Maybank, or ANZ ATMs. They're all on the same transaction-fee-free network in Singapore. Plus Citi themselves have ATMs in every single MRT station.Dert42 wrote: also people mentioned it, CitiBank ATMs are rare.
Only immediate to certain countries. I know they have DBSIndia, DBSIndonesia, and DBSHongKong transfers. Maybe other countries, but that is all I recall seeing. And I've never done India,but Indonesia and HK both take a few hours. DBS releases the money in about an hour (if before 3pm on a business day) but it's still up to the receiving bank to decide when to credit it.Wd40 wrote:DBS allows up to 100k SGD online transfer in one shot and it is immediate. The maximum I have transferred 72K SGD, one shot to India.
aster wrote:Ditto that.michellell wrote:So I closed my account with Citi a month ago. I opened an account with DBS (which was super easy), and they have a multi-currency account that allow you to keep US$, S$ and other currencies. I'm happy not having to deal with Citi Singapore. Hope this helps.
I have several accounts here and Citi is by far the WORST I have dealt with. I sometimes wonder whether they are licensed to operate a circus in Singapore because it appears that is their core business.
If you need an international setup with easy (in fact instant and free) transfers between accounts, decent FX rates and having the same status for all accounts/locations, I think HSBC is your best option.
With Citi, even if you get Gold it counts for nothing for all your other global accounts with them. With HSBC if you are Premier anywhere... you get the same status everywhere.
As for local accounts, I think DBS will be great with its new multi-currency account (HSBC has one too) and good rates for currency conversions. Plus their website is very useful and everything can be done online (Citi is once again rock bottom in this regard - you cannot even change something simple like your residential/mailing address via internet banking...).
That's besides the point. The point is that Citi Gold status only applies in the country where you hold your funds. Everywhere else you have no status, just a basic account. With HSBC once you are Premier in one country they give you that status for all other account you have with them around the world.zzm9980 wrote:And how much does HSBC require you to keep with them to have Premier? Somewhere like $200k? IMO if you have that much available to sit in low-earning bank accounts but you're worried about the fees on xfering money, you're missing the forest for the trees...
You can change your phone number and address online, I've done it multiple times myself. You have to send a secure message through Citi's Message Center, and pick the option "Update Contact Details". Send them the message and it's done in a day or so.
The worst bank by far for online usage is ANZ, where you can't even pay your credit card or see recent transactions.
You are right, for some reason, I thought the India, Indonesia, HK and Philippines remittance channels are same as the rest of the countries and that since they are the most popular countries for remittance, there is a seperate section of the site to cater to them. But I am wrong, for the rest of the countries, it says next day transfer in most cases and 100K SGD limit.zzm9980 wrote:Only immediate to certain countries. I know they have DBSIndia, DBSIndonesia, and DBSHongKong transfers. Maybe other countries, but that is all I recall seeing. And I've never done India,but Indonesia and HK both take a few hours. DBS releases the money in about an hour (if before 3pm on a business day) but it's still up to the receiving bank to decide when to credit it.Wd40 wrote:DBS allows up to 100k SGD online transfer in one shot and it is immediate. The maximum I have transferred 72K SGD, one shot to India.
A lot of the Citi ATM's are no longer part of this network. Not all but quite a few. Like at the airport, for example... quite irksome.zzm9980 wrote:I can understand other gripes the other gripes, but not the ATM one. You can use Citi, HSBC, SCB, Maybank, or ANZ ATMs. They're all on the same transaction-fee-free network in Singapore. Plus Citi themselves have ATMs in every single MRT station.Dert42 wrote: also people mentioned it, CitiBank ATMs are rare.
For the fee limit on daily transfers, that is only a limit from Citi US outbound to anywhere else. It's a US legal thing, not just a random policy to hose people. There is also a hit on the exchange rate when you move the money, but as curiousgeorge said it really matters what amounts you're moving. Frequent small transactions are cheaper through citi, large transations cheaper through a normal wire.
Strange, but I've never noticed this as I tend to do it the other way. Using my citi card in someone else's ATM.Strong Eagle wrote: A lot of the Citi ATM's are no longer part of this network. Not all but quite a few. Like at the airport, for example... quite irksome.
And now what you're saying is besides the point, as you don't need CitiGold status to have access to those immediate transfers the way HSBC requires it. It only has limitations from Citi US -> Citi ROTW, and I suspect HSBC may have similar things since it is US Treasury/Big Brother "Everyone is a terrorist or tax dodge" regulations that require them to do this.aster wrote:That's besides the point. The point is that Citi Gold status only applies in the country where you hold your funds. Everywhere else you have no status, just a basic account. With HSBC once you are Premier in one country they give you that status for all other account you have with them around the world.zzm9980 wrote:And how much does HSBC require you to keep with them to have Premier? Somewhere like $200k? IMO if you have that much available to sit in low-earning bank accounts but you're worried about the fees on xfering money, you're missing the forest for the trees...
You can change your phone number and address online, I've done it multiple times myself. You have to send a secure message through Citi's Message Center, and pick the option "Update Contact Details". Send them the message and it's done in a day or so.
The worst bank by far for online usage is ANZ, where you can't even pay your credit card or see recent transactions.
HSBC = global bank. Citi = local circus.
I'm not worried about transfer costs, but with HSBC it's very useful to make immediate transfers between your global accounts. The funds are moved across instantly (and for free).
Pissed me off royally... flew out of T2 all the time... Citi ATM was the only available ATM in T2 for a Stanchart customer like me. Stopped working... if I wanted cash I needed to buzz over to new T3 in order to get an ATM.zzm9980 wrote:Strange, but I've never noticed this as I tend to do it the other way. Using my citi card in someone else's ATM.Strong Eagle wrote: A lot of the Citi ATM's are no longer part of this network. Not all but quite a few. Like at the airport, for example... quite irksome.
The point was that if you are going to maintain a global network of accounts with a single financial institution then it helps if they give you that status/benefits throughout. HSBC does this, Citi doesn't.zzm9980 wrote:And now what you're saying is besides the point...
Couldn't care less what ATM I use. You realise your card will work in other machines, right? There might be the odd $3.50 fee charged, hardly worth stressing over.zzm9980 wrote:They're in a lot more countries in Asia (and a lot more of them in each) than HSBC, which is really important for me while traveling...
In Singapore this is totally incorrect. Your ATM card will only work in your bank's ATM or the network that is associated with it. Contrast this to American banks. Contrast this to doing withdrawals in Malaysia and elsewhere where both your card and the machine are tagged with 'Cirrus' and some such.aster wrote:Couldn't care less what ATM I use. You realise your card will work in other machines, right? There might be the odd $3.50 fee charged, hardly worth stressing over
That part of the discussion was focused on zzm9980's assertion that he sees a lot more of his ATMs in other Asian countries when travelling.Strong Eagle wrote:In Singapore this is totally incorrect. Your ATM card will only work in your bank's ATM or the network that is associated with it. Contrast this to American banks. Contrast this to doing withdrawals in Malaysia and elsewhere where both your card and the machine are tagged with 'Cirrus' and some such.aster wrote:Couldn't care less what ATM I use. You realise your card will work in other machines, right? There might be the odd $3.50 fee charged, hardly worth stressing over
You can stick you DBS/POSB ATM card into a Stanchart ATM all day and you won't get shit.
$3.50+ extortionairy exchange rates. And actually like Singapore, many places like Vietnam have plenty of ATMs not on a common network like Cirrus.aster wrote:That part of the discussion was focused on zzm9980's assertion that he sees a lot more of his ATMs in other Asian countries when travelling.Strong Eagle wrote:In Singapore this is totally incorrect. Your ATM card will only work in your bank's ATM or the network that is associated with it. Contrast this to American banks. Contrast this to doing withdrawals in Malaysia and elsewhere where both your card and the machine are tagged with 'Cirrus' and some such.aster wrote:Couldn't care less what ATM I use. You realise your card will work in other machines, right? There might be the odd $3.50 fee charged, hardly worth stressing over
You can stick you DBS/POSB ATM card into a Stanchart ATM all day and you won't get shit.
In Singapore as you mentioned all ATM networks are "ring-fenced" for locals. A tourist can use all ATMs and it doesn't make a difference which one because the exchange rate even will be identical for all banks (unless one chooses to get ripped off by letting the bank decide the conversion rate on the spot), but locals can only use their own bank's ATMs/ATM network.
In the case of a DBS/POSB account holder I don't think they'll stress too much when it comes to finding their own machines. Of course the line in front of the ATM might be an entirely different story...
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