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Lastest S$ Deposit updates - Part 3

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Old 28-02-2019, 10:22 PM   #3046
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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.

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Old 01-03-2019, 04:33 AM   #3047
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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.
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Old 01-03-2019, 08:54 AM   #3048
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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..
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Old 01-03-2019, 11:02 AM   #3049
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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)
China banks are quite empty on normal weekdays
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Old 01-03-2019, 01:11 PM   #3050
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You did not give the maturity instruction when you placed the FD?

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)
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Old 01-03-2019, 03:40 PM   #3051
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If a bank had been compromised by cyber attacks .... then would freeze the accounts to verify damage been inflicted.
Maybe this is already happening here today.
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Old 01-03-2019, 03:57 PM   #3052
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I m trying to open saver account ... but why the online application ask so many questions ah? My financial data... how long I live in my residence and if I own it... if I m US citizen...if I trade with Cuba, Iran, North Korea... if I trade rough diamonds... too much personal info requested leh.. I give up lah!
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Old 01-03-2019, 04:41 PM   #3053
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I m trying to open saver account ... but why the online application ask so many questions ah? My financial data... how long I live in my residence and if I own it... if I m US citizen...if I trade with Cuba, Iran, North Korea... if I trade rough diamonds... too much personal info requested leh.. I give up lah!
... result of AML breaches ...
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Old 01-03-2019, 04:59 PM   #3054
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Min amount?
$50k min.10 chars
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Old 01-03-2019, 05:03 PM   #3055
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CIMB Bank yo..
I dont think CIMB, i just withdraw recently without fee upon maturity.
Of course provided is cheque. Hard cash need Fee. Thk quite common among other foreign bank for cash withdrawals.
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Old 01-03-2019, 05:52 PM   #3056
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I dont think CIMB, i just withdraw recently without fee upon maturity.
Of course provided is cheque. Hard cash need Fee. Thk quite common among other foreign bank for cash withdrawals.
I always withdraw in hard, cold cash but never once have to pay a fee leh
As far as I know, and keep this in mind .... only DBS Bank need to pay a fee when deposit hard cash above a certain amount.
The rest will all gladly accept your business.
Remember, .... it's DBS Bank .... your own country's homegrown bank. They don't need your business and support.
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Old 01-03-2019, 07:03 PM   #3057
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So now the 2 better deals would be ICBC and Sbi. Someone mentioned min 50k at 2%
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Old 02-03-2019, 12:42 AM   #3058
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I always withdraw in hard, cold cash but never once have to pay a fee leh
As far as I know, and keep this in mind .... only DBS Bank need to pay a fee when deposit hard cash above a certain amount.
The rest will all gladly accept your business.
Remember, .... it's DBS Bank .... your own country's homegrown bank. They don't need your business and support.
Withdraw money in notes no fee/charges (unless you want coin?).

For deposit, not just DBS. UOB & OCBC also have wor.
Just different criteria and whether the bank/staff want to request the paying of fee not.
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Old 02-03-2019, 01:46 AM   #3059
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China banks are quite empty on normal weekdays
They have this overcrowding problem due to "account update" letter.

Haha these days on weekdays you try going to any Bank of China branches and see if empty or super long queue.
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Old 02-03-2019, 02:30 AM   #3060
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They have this overcrowding problem due to "account update" letter.

Haha these days on weekdays you try going to any Bank of China branches and see if empty or super long queue.
No wonder recently when I pass by BOC, notice more people and a lot black face.
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