Banking in Singapore

Post new topic

Yud ViP

Member since 08 November 2010

YudViP13 April 2011 12:31:38

7031

Hello dear members,

Can you recommend some financial institutions i.e. Commercial Banks in Singapore?

What about their facilities they offer? For example: [Internet Banking, Credit Facilities, ATM's machine availability throughout the country & cities]

How the mentioned institution(s) has(ve) facilitated or facilitate your life?

Please do not hesitate to share your experience on the Expat-Blog community.

Thank you in advance for your future contribution.
_________________________________________________________
禁漫天堂 Team

jn401 New member

Member since 20 April 2011

jn401New member26 April 2011 07:19:12

I just opened an account with DBS and it was very quick and easy.

All you need is your employment pass, passport and some proof of address.

Minimum opening deposit will be around SGD500+, some banks quite a bit more.

It took around 20minutes in total and I got an activated debit card straight away.

Best of luck - if you need any further info let me know.

James.

typebug Active member

Member since 18 November 2010

typebugActive member26 April 2011 08:01:28

HSBC let us open our accounts before we arrived in Singapore and sent us our ATM cards too. I was pretty impressed with that. Our accounts in all the countries we bank in are now linked through them so a wire transfer can be done online, it takes a second and costs next to nothing.

The downside of HSBC Singapore is their cards only work in ATM5 machines and there are very few of those in residential areas. Oddly enough my cards for HSBC Canada and HSBC USA work in all of the machines in Singapore but I end up having to deal with the exchange.

Citi bank is the other international option if you need to deal with accounts in other places. I haven't heard if they offer anything like HSBC's global view but I'd imagine they probably do.

Nyi Nyi HTun Member

Member since 01 May 2011

Nyi Nyi HTunMember01 May 2011 05:39:39

You could check out Citi bank as well.
citibank.com.sg/

Articles to help you in your expat project in Singapore

Banking in Singapore
Singapore offers a wide range of personal banking services and has a complete offering of international banking ...
Guide to open a global offshore banking account in Singapore
PricewaterhouseCoopers revealed in July 2013 that in its Global Private Banking and Wealth Management Survey that ...
Driving in Singapore
Singapore has an efficient public transportation system coupled with excellent taxi services, with phone apps ...
Dating in Singapore
Moving to Singapore聽has been fun since you've been exploring a new country and culture. However, if you ...
Internships in Singapore
Singapore is home to many universities of international repute, as well as companies from a diverse range of ...
Marriage in Singapore
Singapore allows both foreigners or a foreigner and a local national to marry in the country. The procedures and ...
Using phones in Singapore
As in many developed countries, mobile phones have taken over the landline network in Singapore. Whether ...
Finding a job in Singapore
Singapore has a well-developed job market with numerous outlets providing information on employment opportunities, ...