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Look for a bank

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
Horangi
Newbie
Newbie
Posts: 15
Joined: Thu, 30 Jun 2005
Location: Singapore

Look for a bank

Postby Horangi » Thu, 30 Jun 2005 11:35 am

Hi,

I need to open a bank account and it seems quite complex :shock:
(I guess I'm not used at all with their systems)
Can you give me some advices about which one is the easier as I also have to transfer money to Europe :x

Thanks for your help
Cheers
H.

dot dot dot
Manager
Manager
Posts: 2308
Joined: Thu, 21 Oct 2004

Postby dot dot dot » Thu, 30 Jun 2005 12:55 pm

Hi there,

In all cases when transferring money to Europe, you need the IBAN number of the bank in Europe you are transferring money to, and they all do it the same way here. No point looking for a European bank here, as they all have their own policies, localised to Singaporean way of working. I tried ABN AMRO myself, as I have been banking with them a longtime in Holland, but no way: totaly different here.

Just go to any bak online and check their terms and conditions and take the one you think is the best for you according to your requirements, at the end of the day they are all the same. DBS, POSB, Citibank, HSBC, OCBC, not a lot of difference for simple activities as receiving your income and transferring money.

Eric

faixal

transfer money

Postby faixal » Thu, 30 Jun 2005 9:57 pm

If you need to transfer money but are psychologically intimidated by the idea of filling up complicated forms, maybe u shud try Western Union found in every singpost branches. Transfer of money is quick as long as it is in relatively small sums. But a fee of around $25 applies.


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