HWZ Forums

Login Register FAQ Mark Forums Read

Lastest S$ Deposit updates - Part 3

Like Tree738Likes
Reply
 
LinkBack Thread Tools
Old 27-02-2019, 06:15 PM   #3016
Supremacy Member
 
revhappy's Avatar
 
Join Date: Mar 2012
Posts: 5,411
Do they allow instructions to credit principal and interest to their savings/current account ? Then no need to see their face when mature. Just transfer out.
ICBC is like that, auto credit to savings account, then use FAST to transfer out.
revhappy is offline   Reply With Quote
Old 27-02-2019, 09:32 PM   #3017
Junior Member
 
Join Date: Oct 2010
Posts: 23
Just did a SGD Time deposit at SBI branch. 2%
Min amount?
dragon_fly is offline   Reply With Quote
Old 28-02-2019, 12:18 PM   #3018
Master Member
 
Join Date: Mar 2015
Posts: 2,587
Both ICBC and BOC are both China banks right
luckygal is offline   Reply With Quote
Old 28-02-2019, 02:15 PM   #3019
Senior Member
 
erikospeed's Avatar
 
Join Date: Oct 2001
Posts: 1,496
Both ICBC and BOC are both China banks right
Yes both tiong banks
erikospeed is offline   Reply With Quote
Old 28-02-2019, 02:17 PM   #3020
Senior Member
 
erikospeed's Avatar
 
Join Date: Oct 2001
Posts: 1,496
Especially their main branch raffles place cheekopek ahtiong male manager. When you go to that branch to withdraw upon maturity , he will interrogate you like a police interrogation to try to frighten you. Then slip in a promo from their bank to try to get you to stay with them.
Look on the bright side. Least no charges for withdrawal. On the other hand, this specific mat bank at town area will process a withdrawal fees if ones account is withdraw even upon maturity (reason: auto renewal)
erikospeed is offline   Reply With Quote
Old 28-02-2019, 02:33 PM   #3021
Supremacy Member
 
revhappy's Avatar
 
Join Date: Mar 2012
Posts: 5,411
I think better to maxout your SSB allocation and then use these banks.
revhappy is offline   Reply With Quote
Old 28-02-2019, 02:44 PM   #3022
Senior Member
 
Join Date: Feb 2018
Posts: 2,185
Look on the bright side. Least no charges for withdrawal. On the other hand, this specific mat bank at town area will process a withdrawal fees if ones account is withdraw even upon maturity (reason: auto renewal)
Which bank ? Can like that ?
vsvs24 is online now   Reply With Quote
Old 28-02-2019, 02:49 PM   #3023
Senior Member
 
Join Date: Feb 2018
Posts: 2,185
I think better to maxout your SSB allocation and then use these banks.
https://www.investopedia.com/article...ks-jpm-wfc.asp

Don't look down on China banks.
vsvs24 is online now   Reply With Quote
Old 28-02-2019, 03:15 PM   #3024
Senior Member
 
erikospeed's Avatar
 
Join Date: Oct 2001
Posts: 1,496
Which bank ? Can like that ?
The only mat bank in the whole strench of orchard road
erikospeed is offline   Reply With Quote
Old 28-02-2019, 03:19 PM   #3025
Supremacy Member
 
revhappy's Avatar
 
Join Date: Mar 2012
Posts: 5,411
https://www.investopedia.com/article...ks-jpm-wfc.asp

Don't look down on China banks.
Not looking down. But when you are getting the same interest rate from govt why risk it with a bank? Even local bank.
revhappy is offline   Reply With Quote
Old 28-02-2019, 10:06 PM   #3026
Master Member
 
Join Date: Feb 2017
Posts: 2,581
The only mat bank in the whole strench of orchard road
CIMB Bank yo..
K202020K is offline   Reply With Quote
Old 28-02-2019, 10:09 PM   #3027
Senior Member
 
Join Date: Feb 2018
Posts: 2,185
Some time back some people placed FD with some Bangkok bank. Is it Bangkok Bank Public Co Ltd ? Just read that they are facility lenders for Hyflux for $115.6 million.
vsvs24 is online now   Reply With Quote
Old 28-02-2019, 10:22 PM   #3028
Master Member
 
Join Date: Feb 2017
Posts: 2,581
Look on the bright side. Least no charges for withdrawal. On the other hand, this specific mat bank at town area will process a withdrawal fees if ones account is withdraw even upon maturity (reason: auto renewal)
If me, I would ask for the withdrawal amount in hard, cold cash if they cannot waive the fee.

Of course I would want to speak to their manager first to explore whether such a drastic measure by me is really necessary.

K202020K is offline   Reply With Quote
Old 01-03-2019, 04:33 AM   #3029
Supremacy Member
 
Mr.Canberra's Avatar
 
Join Date: May 2014
Posts: 7,234
Bank of China threatens to freeze account over "incomplete records"
https://forums.hardwarezone.com.sg/e...s-6000170.html

Yikes almost wanted to open a FD with them.
Was at one of the branches of Bank of China lately. Due to this incident there was a super long queue (should be a daily affair) and some uncles really lost their cool during the long wait. Really pity the bank staff with the amount of stress and extra work load they have to deal with.

Sinkies really should try lining up at a bank in China itself. 1-2 hour wait is considered peanuts.
__________________
BEWARE OF:
1) CON MEN SELLING FOREX COURSE/SOFTWARE.
2) ACT BLUR HAO LIAN TRADER GIVING ADVICE.
Mr.Canberra is offline   Reply With Quote
Old 01-03-2019, 08:54 AM   #3030
Junior Member
 
Join Date: Oct 2009
Posts: 74
Was at one of the branches of Bank of China lately. Due to this incident there was a super long queue (should be a daily affair) and some uncles really lost their cool during the long wait. Really pity the bank staff with the amount of stress and extra work load they have to deal with.

Sinkies really should try lining up at a bank in China itself. 1-2 hour wait is considered peanuts.
Why lose cool? Uncle expecting to be serve first? Fast the money out and close the account if cannot wait.

Last edited by K_E_N_L_A_W; 01-03-2019 at 03:31 PM..
K_E_N_L_A_W is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On