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Opening a bank account in Singapore as a EU citizen

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Re: Opening a bank account in Singapore as a EU citizen

Post by ProvenPracticalFlexible » Sat, 31 Oct 2020 12:38 am

What makes you to make that conclusion?

Are you basing it on ip addresses or something else? Just wondering what can anyone gain from the relatively small audience etc. Why would you spend time to scam here

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Re: Opening a bank account in Singapore as a EU citizen

Post by malcontent » Sat, 31 Oct 2020 8:16 am

The equivalent of FATCA is CRS for the EU. Nowadays all of the local banks (DBS/UOB/OCBC) are cooperating and complying with these foreign regulations and will not open an account for foreigners until you have an employment pass & proof of local address. Back in 1996 when I first arrived here, only OCBC was willing to open an account for me on a SVP - even today they tend to be the most flexible among the 3, but less so in today’s environment. About the only way to get a real bank account opened earlier is if you have an HSBC or Citibank account in your home country - I understand they can arrange remote account opening here with an employer letter, and then after you get settled here you can give them the rest of the needed docs.

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Re: Opening a bank account in Singapore as a EU citizen

Post by sundaymorningstaple » Sat, 31 Oct 2020 12:05 pm

Considering his IP address (German?) and a throw-away email address? Sixteen years moderating this board, and the fact that between the two active moderators we sweep about 40~60 scam/troll/spam posts every 24 hrs period 365 days a year? We pretty much have a gut feel for it. Why do they scam/spam/troll here? I wish I knew. It would sure make our job a lot easier and less time consuming if they didn't. And yes, we've had some good trolls & con-artists over the years as you are well aware of, considering you've been on the board near as long as I have.

Yeah, occasionally we are wrong but overall it's a pretty small percentage. There will always be some collateral damage, but it's better than having to wade through tonnes of garbage all the time. My comment was meant to draw him back out if he wasn't what I thought. Had I been sure, his posts wouldn't have survived as I'm sure you are aware of.

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