Opening Malaysian bank account

[mr168]

Anyone who has opened a MY CIMB account has underwent passport updating procedures? Can share the steps? Thanks.

 

[dao]

See my previous posts.

Need to wait for OCBC MY to call youz answer 1 question wrong also waste time, need wait for next call again.


For CIMB SG after you apply CIMB SG account and activate.

I understand that there is no fees for the account. But there is a RM15 annual fee for the debit card. I don't need the debit card. Can I apply just the CIMB MY account to use the duitnow only?

 

[cheesey]

I understand that there is no fees for the account. But there is a RM15 annual fee for the debit card. I don't need the debit card. Can I apply just the CIMB MY account to use the duitnow only?

U can't, it's mandatory.

 

[elvintay07]

Anyone using cimb here? How much they charge for the Malaysian account? I understand got some fees

 

[potato13]

Anyone using cimb here? How much they charge for the Malaysian account? I understand got some fees

They dont charge any fee for having a Malaysian account. You will need to have a SG CIMB account 1st.
But they do charge a RM15 annual fee for the debit/ATM card.


They will just send you the Debit/atm card.. I not sure if it could work as in you say you dont need the card..

 

[Elon Jobs]

They dont charge any fee for having a Malaysian account. You will need to have a SG CIMB account 1st.
But they do charge a RM15 annual fee for the debit/ATM card.


They will just send you the Debit/atm card.. I not sure if it could work as in you say you dont need the card..

Cannot cancel the ATM card, I asked before at Singapore CIMB branch. It comes with the account. But RM15 annually is still cheaper than the 1% TnG charges me for my top up to their e-wallet.

 

[elvintay07]

Cannot cancel the ATM card, I asked before at Singapore CIMB branch. It comes with the account. But RM15 annually is still cheaper than the 1% TnG charges me for my top up to their e-wallet.

Using cimb to top up? Will Maybank have the same approach? Open Maybank SG then they open a Maybank my account?

 

[potato13]

Using cimb to top up? Will Maybank have the same approach? Open Maybank SG then they open a Maybank my account?

i dunno about Maybank. the last time i research it seems harder and need personally go in to malaysia Maybank branch.
Than i compare the rate.. Always CIMB win handsdown vs maybank..

So i just use the CIMB route and never turn back.

 

[elvintay07]

i dunno about Maybank. the last time i research it seems harder and need personally go in to malaysia Maybank branch.
Than i compare the rate.. Always CIMB win handsdown vs maybank..

So i just use the CIMB route and never turn back.

So we open cimb account then need to go Singapore cimb open Malaysia account? Transfer from SG to MY CIMB got any forex charges?

 

[potato13]

So we open cimb account then need to go Singapore cimb open Malaysia account? Transfer from SG to MY CIMB got any forex charges?

A quick run down.

1. Go down CIMB SG to open your CIMB SG account. at the same time inform them you want to have a CIMB Malaysia account.
2. After 2 weeks - Malaysia ATM card (courier by DHL)
3. Proceed with linking SG and MY CIMB Account (done within the SG CIMB click APP)
4. Transferred min fund, and Debit card is ready to use
5. You can view from CIMB SG click APP on both SG/MY account details.
6. Good for you to download CIMB MY OCTO app than you can use the Duit transfer.


No forex charges, its just the transfer rate of CIMB which is quite okay comparing with Youtrip. CONFIRM better than other POSB etc etc bank.
SG CIMB APP = CIMB CLICK
MY CIMB APP = CIMB OCTO MY

 

[elvintay07]

A quick run down.

1. Go down CIMB SG to open your CIMB SG account. at the same time inform them you want to have a CIMB Malaysia account.
2. After 2 weeks - Malaysia ATM card (courier by DHL)
3. Proceed with linking SG and MY CIMB Account (done within the SG CIMB click APP)
4. Transferred min fund, and Debit card is ready to use
5. You can view from CIMB SG click APP on both SG/MY account details.
6. Good for you to download CIMB MY OCTO app than you can use the Duit transfer.


No forex charges, its just the transfer rate of CIMB which is quite okay comparing with Youtrip. CONFIRM better than other POSB etc etc bank.
SG CIMB APP = CIMB CLICK
MY CIMB APP = CIMB OCTO MY

2 app ah….

 

[potato13]

2 app ah….

If you dont use the Duit transfer. .You can just use 1 App. SG CIMB APP = CIMB CLICK

In SG app, you can see both SG and MY account.

 

[Elon Jobs]

Using cimb to top up? Will Maybank have the same approach? Open Maybank SG then they open a Maybank my account?

Yes, CIMB top up TnG e wallet versus revolut/youtrip/wise top TnG e wallet.
RHB, Maybank, CIMB- only CIMB can open cross border account in Singapore. Information correct as of early this year. You can call Maybank and find out. That’s how I did it.

 

[elvintay07]

I am wondering whether it make sense to let cimb charge us rm15 a year vs to let OCBC or local banks charge us 1% for Tng top up. Haha! My wife said just take it as a donation to them since SG eat 1 plate of cai png already $5

 

[potato13]

I am wondering whether it make sense to let cimb charge us rm15 a year vs to let OCBC or local banks charge us 1% for Tng top up. Haha! My wife said just take it as a donation to them since SG eat 1 plate of cai png already $5

no correct Answer for each..
Some 1 year topup more than 1.5k SGD..
Some 1 year topup more than 10K SGD..
Some 1 year topup less than 500SGD..
Some spend 1 year maybe 10 or 20 or 30k SGD in malaysia..
Some like the convenience, some dont like to go money changer..

I think many different ppl different need bah.
so you judge yourself and see worth or not for you.

 

[elvintay07]

no correct Answer for each..
Some 1 year topup more than 1.5k SGD..
Some 1 year topup more than 10K SGD..
Some 1 year topup less than 500SGD..
Some spend 1 year maybe 10 or 20 or 30k SGD in malaysia..
Some like the convenience, some dont like to go money changer..

I think many different ppl different need bah.
so you judge yourself and see worth or not for you.

$30k spend in Malaysia. OCBC no bring red carpet welcome

 

[elvintay07]

Lao **! Walk in to CIMB and they said need to make appt etc for Malaysia account opening

 

[potato13]

$30k spend in Malaysia. OCBC no bring red carpet welcome

There are many sinkie spend much more.. those buy property etc.. also no red carpet.. LOL

Lao **! Walk in to CIMB and they said need to make appt etc for Malaysia account opening

Wah.. now become so pop liao? Last time i just walk in wor.. Hmm..
So you did an appt there with them on the spot?

 

[elvintay07]

Is it a must to open cimb Singapore account? Seriously no fate la. So difficult to open the MY account. Walk in then they say cannot. Die die need to make appt with MY before can open. They think I so free to make appt then go down to wait.

 

[Elon Jobs]

Is it a must to open cimb Singapore account? Seriously no fate la. So difficult to open the MY account. Walk in then they say cannot. Die die need to make appt with MY before can open. They think I so free to make appt then go down to wait.

Then OCBC it shall be. Remember to update https://forums.hardwarezone.com.sg/threads/official-thread-ringgit-exchange-rate-part-2.5807621/ when you top up TnG e wallet via OCBC. Curious to see their exchange rate competitive or not. Don’t think I’ve ever seen it on that thread before.