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Entrepass Bankers Guarantee

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bwb
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Postby bwb » Sun, 13 Apr 2008 6:28 am

Plavt wrote:bwb,
You need to make at least 5 posts before you PM will function correctly.
ah gotcha, well hmm, i guess ill go find a few more

boost7
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Postby boost7 » Mon, 02 Jun 2008 6:28 pm

sundaymorningstaple wrote:Most local Insurance brokers will be able to secure a banker's guarantee via and insurance arrangement. I know Maybank does this as I've used them when I had my Employment Agency License which also carries a 20K bond or bankers guarantee. Just ask any insurance broker and they will be able to sort you out in no time.

sms

do you any of insurance brokers who carries this kind of job for ya.

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sundaymorningstaple
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Postby sundaymorningstaple » Wed, 04 Jun 2008 11:21 pm

boost7

just google { insurance broker +singapore } and take your pick. Most all will be able to handle the job.

I cannot recommend anyone in particular although I used a very small company called InsureMaster Agency in The Plaza on Beach Road (#08-302). Not sure if it's still there or not. Their number was 62910828/62986222 and Fax: 62949992. email: imagency@singnet.com.sg. Mr. Mervyn Lee was the Marketing Manager

sms

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Postby Winxkid » Mon, 09 Jun 2008 5:16 pm

So TS,

Been issued with BG already?
petsgdirectory.blogspot.com

David-asia
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Postby David-asia » Sun, 21 Dec 2008 11:35 pm

Just wondering if there's been any update to this?

Were you able to get a Banker's Guarantee by an insurance broker? What was the fee and is there anyone you recommend?

I also found the OCBC bankers guarantee form.
http://ocbc.com/download/business_banki ... 240707.pdf

Thanks,

David

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Postby David-asia » Wed, 18 Mar 2009 9:20 pm

Went to get my bankers guarantee, OCBC said i need to place $5000 in a time deposit, and will cost $100 per year, and open a savings account.

Went to UOB today who stated basically the same thing- but they also said I should contact MOM, that maybe they would accept a bankers check?

Anyone heard of this? gonna call MOM tomorrow.

Another post mentioned using an insurance company, anyone go this route?

David

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ukdesigner
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Postby ukdesigner » Wed, 18 Mar 2009 9:28 pm

not heard that before. Best thing to do is talk to MOM and ask if they recommend a bank for the service.

They're pretty helpful. I used Citibank who were f*cking awful but they did do what I needed and off course I had to pay for it.
Don't p*ss me off! I am running out of places to hide the bodies.

David-asia
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Postby David-asia » Thu, 19 Mar 2009 10:33 am

Called MOM, who said they would only take a bankers guarantee.

Called up citibank- they want $10 a month + 1.8% monthly..
Looks like I'll stick with OCBC and their $5k timed deposit.

David

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Postby David-asia » Sun, 22 Mar 2009 9:55 pm

Went to OCBC on friday to get the guarantee- they then said it was $150 a year :???: (after being told a few days earlier it was $100) Had enough with them... But will have to keep $1000 min in ocbc now for 6 mos to avoid a $30 early withdrawal fee. Gotta love banks...

Went to DBS, who said they can do the guarantee with a $3000 time deposit and $100 fee. So I'm using them. - also no 2nd regular account is needed, but got one anyway to make it simpler to pay the fees. Also, its only a $500 min.

My recommendation- use DBS, and suggest you use the headquarter branch at 6 Shenton Way as this is where you will need to pick up the guarantee from anyway- i didn't and now have to go there.

BTW- takes 3-5 business days for them to process.... I rushed em and got it in 2.

savestheday
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Postby savestheday » Wed, 20 Oct 2010 10:09 pm

If you were using a company to incorporate your business or use their company secretary service would they not sponsor your application? Is this service offered?

Would rather not have cash just sitting in a time deposit if can help it.

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Strong Eagle
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Postby Strong Eagle » Wed, 20 Oct 2010 10:11 pm

savestheday wrote:If you were using a company to incorporate your business or use their company secretary service would they not sponsor your application? Is this service offered?

Would rather not have cash just sitting in a time deposit if can help it.


No.

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Postby savestheday » Wed, 20 Oct 2010 10:13 pm

Nevermind then. Are DBS still offering the best value?


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