ah gotcha, well hmm, i guess ill go find a few morePlavt wrote:bwb,
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Entrepass Bankers Guarantee
do you any of insurance brokers who carries this kind of job for ya.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
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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
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
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
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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
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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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
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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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.

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.
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