Singapore Expats Forum

opening a bank account

Discuss the different banking options, rates, offers and perks.
andrewskg
Newbie
Newbie
Posts: 10
Joined: Sat, 29 Jun 2013

opening a bank account

Postby andrewskg » Sun, 30 Jun 2013 1:48 am

hello,
coming to Sg middle of July, PhD student (receiving stipend) from N.U.S.
I read somewhere that I need to present a statement of my current bank before I can open an account in a Singaporean bank, is this true? If so, what kind of document is this?

Any other hints and tips to share so I can save some time with the paperwork?

thanks

katbh
Reporter
Reporter
Posts: 598
Joined: Thu, 04 Oct 2007
Location: Singapore

Postby katbh » Sun, 30 Jun 2013 7:36 am

No, I do not believe you need this but no harm in bringing just in case. You usually can not open a standard account at a standard bank until you have a pass of some kind - a tourist pass is not enough. So when you have your student pass, or what ever pass you will be getting, you can simply go into a bank and they will open it on the spot - and give you a debit/atm card immediately.
If you do not have a pass to remain in Singapore (student pass, long term social visit pass work pass), there are only a few banks that will allow you to open an account and u usually need a larger deposit to do so.
Do not bother trying to use your home bank to set up account here (even if is HSBC or ANZ or another bank with a presence here), it will not work.

andrewskg
Newbie
Newbie
Posts: 10
Joined: Sat, 29 Jun 2013

Postby andrewskg » Sun, 30 Jun 2013 3:11 pm

thanks for the reply, it all makes sense.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Credit Card & Banking in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest