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Is there any safty deposit box service in Singapore?

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ededed3333
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Is there any safty deposit box service in Singapore?

Post by ededed3333 » Sat, 29 Jul 2006 9:21 pm

How much does it cost usually?
Whether I must have a bank account with this bank in order to rent a safty box?
Is it possible for me authorize someone else to access the safty box by writing a letter?

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jpatokal
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Re: Is there any safty deposit box service in Singapore?

Post by jpatokal » Sun, 30 Jul 2006 12:59 am

ededed3333 wrote:How much does it cost usually?
Whether I must have a bank account with this bank in order to rent a safty box?
Is it possible for me authorize someone else to access the safty box by writing a letter?
UOB charges from $126/year up, depending on the box size. You need a bank account (which costs nothing) and, in UOB's case, a fixed deposit of at least $5000. DBS is more liberal, which is why their boxes are always full. The authorization thing should be possible but you'll need to enquire at the bank, and probably let them know in advance when setting up the box.
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kimm
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Post by kimm » Sun, 30 Jul 2006 7:03 am

POSB, at east coast

ededed3333
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Thanks,what is POSB?or the other banks name?

Post by ededed3333 » Sun, 30 Jul 2006 8:05 am

Thanks,what is POSB?
I live in USA now, I have bank account with Citibank and HSBC bank. Whether these two banks have this kind of safty box service?
Is it a problem that I have a bank account with them in USA but I rent safty box in Singapore?


Any other place has the safty box service?

Thanks

kimm
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Post by kimm » Sun, 30 Jul 2006 8:24 am

POSB: Post Office Saving Bank.Bank is part of DBS.
The rate is reasonable.Another nearby is UOB,which is
located at Bedok centre.

ededed3333
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is POSB: Post Office Saving Bank easy to apply?

Post by ededed3333 » Sun, 30 Jul 2006 10:53 am

Actually if I am not a resident of Singapore, but I want to save something in Singapore, whether I can apply a safty bax in Singapore? It takes how long? Do I need to address in Singapore?

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Fantastic
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be cisco safe

Post by Fantastic » Sun, 30 Jul 2006 11:36 am

"... If you can't think because you can't chew, try a banana" LKY

ededed3333
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Thanks

Post by ededed3333 » Sun, 30 Jul 2006 9:18 pm

Thanks. Is it possible for me to get one from post office?
How long the application time is, it can be one day?

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jpatokal
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Re: Thanks

Post by jpatokal » Sun, 30 Jul 2006 10:53 pm

ededed3333 wrote:Thanks. Is it possible for me to get one from post office?
No.
How long the application time is, it can be one day?
Instant if they're got free space and you can meet the requirements.

HSBC and Citibank are minor banks in Singapore, I'm not sure they even offer safety deposit boxes. Having an account in the US isn't going to help.
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Fantastic
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Post by Fantastic » Mon, 31 Jul 2006 8:15 pm

Boxes in and around the city area are usually all taken up. It doesn't matter which bank you go to.
HSBC does offer safe deposit boxes. I know because my friend had wanted to keep those hideous jewelry she received at her wedding from her parents and in laws there (...forever). lol...
"... If you can't think because you can't chew, try a banana" LKY

ededed3333
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Thanks

Post by ededed3333 » Tue, 01 Aug 2006 11:07 am

I checked the website, it looks like they need a few days to approve the safty box. Actually although I have bank account in their USA branch but they will need me to open another one in Singapore, I am not sure how long it will take for me to rent one.

Any suggestions for this?

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marj_kee
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Re: Thanks

Post by marj_kee » Tue, 01 Aug 2006 11:44 am

ededed3333 wrote:I checked the website, it looks like they need a few days to approve the safty box. Actually although I have bank account in their USA branch but they will need me to open another one in Singapore, I am not sure how long it will take for me to rent one.

Any suggestions for this?
Why don't you contact the bank directly and check with them ?

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