SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Bank account opening
Bank account opening
Hi all
I am a foreigner but for work purpose, expect to visit Singapore quite often and would like to open a bank account in Singapore. I do not have a relationship manager contacts for now. Can anyone share RMB conacts of DBS or OCBC for me so I can contact them for such purpose?
Many thanks!
I am a foreigner but for work purpose, expect to visit Singapore quite often and would like to open a bank account in Singapore. I do not have a relationship manager contacts for now. Can anyone share RMB conacts of DBS or OCBC for me so I can contact them for such purpose?
Many thanks!
Re: Bank account opening
You can direct call POSB/DBS customer service, they will also be able to advise you further on that I guess. (:
- sundaymorningstaple
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Re: Bank account opening
Trying to get your assets out of Hong Kong? There is a Bank of China here.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
Re: Bank account opening
Because of 1MDB scandal it is now very hard for a foreigner to open a bank account in Singapore without a work permit etc. You could try transferwise as an option - their borderless accounts are free.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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Re: Bank account opening
would IPA for EP be enough or the physical permit itself is still required?
Re: Bank account opening
I believe an IPA is enough but it may depend on the bank. Also if you're a US citizen only Standard and Citibank will accept your custom I believe.stephanruhl wrote: ↑Wed, 06 Nov 2019 8:32 pmwould IPA for EP be enough or the physical permit itself is still required?
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
- Newbie
- Posts: 11
- Joined: Mon, 23 Sep 2019 2:23 pm
Re: Bank account opening
In case your money is taxed, then you can actually use Transferwise as @PNGMK mentioned. I was working in China for the last 9 years and used transferwise to move money out. They do require bunch of papers from the tax office and from the company who pays you, but once they are all okay, transfer is smooth. Then you can transfer your money to any local bank account in Singapore (your friends, colleagues etc etc)ppwong wrote: ↑Wed, 16 Oct 2019 10:15 amHi all
I am a foreigner but for work purpose, expect to visit Singapore quite often and would like to open a bank account in Singapore. I do not have a relationship manager contacts for now. Can anyone share RMB conacts of DBS or OCBC for me so I can contact them for such purpose?
Many thanks!
-
- Newbie
- Posts: 11
- Joined: Mon, 23 Sep 2019 2:23 pm
Re: Bank account opening
I am not a US citizen and am thinking about using DBS, as their site mentions IPA would be accepted, but not fully sure as banks tend to ask further docs during the process.PNGMK wrote: ↑Wed, 06 Nov 2019 8:35 pmI believe an IPA is enough but it may depend on the bank. Also if you're a US citizen only Standard and Citibank will accept your custom I believe.stephanruhl wrote: ↑Wed, 06 Nov 2019 8:32 pmwould IPA for EP be enough or the physical permit itself is still required?
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- Newbie
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- Joined: Mon, 23 Sep 2019 2:23 pm
Re: Bank account opening
Updating this so it can be a reference for others...stephanruhl wrote: ↑Wed, 06 Nov 2019 8:39 pmI am not a US citizen and am thinking about using DBS, as their site mentions IPA would be accepted, but not fully sure as banks tend to ask further docs during the process.PNGMK wrote: ↑Wed, 06 Nov 2019 8:35 pmI believe an IPA is enough but it may depend on the bank. Also if you're a US citizen only Standard and Citibank will accept your custom I believe.stephanruhl wrote: ↑Wed, 06 Nov 2019 8:32 pm
would IPA for EP be enough or the physical permit itself is still required?
I have talked to DBS and they require these for opening an account with IPA:
- Passport
- IPA
- Letter of Employment (Not the offer letter) with your SG address on it.
The lady in the branch recommended me to use the online account opening, and in case it is refused with any reason, she said they could deal with it in the branch.
Re: Bank account opening
If you have HSBC Premier you can open an account here from HK. But they don't have too many branches here.
I not troll/wacko/spammer.
Me no expat. Me foreigner.
Me no expat. Me foreigner.
Re: Bank account opening
There is also ICBC.sundaymorningstaple wrote: ↑Wed, 16 Oct 2019 2:27 pmTrying to get your assets out of Hong Kong? There is a Bank of China here.
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