Hi Gary, more or less except the way how the interest/profit is calculated, but I’ve also read that sometimes i-account may have restriction on certain non-islamic expenditures, not sure how true is that
i've opened cimb and maybank sg in the same week, got my cimb account running but the user interface is.. horrible, unlike the malaysia cimb clicks. hoping to get the maybank account approved soon. thanks ziet!
Haha yesss the interface is really horrible, but simple enough to get the job done, so no complains from me lahh xD By the way, just curious, why do you need Maybank SG when you already had CIMB SG? Are you using it for other purpose like PayNow?
@@ZietInvests since both are free to open, i decided to open both to compare the ease of use and then decide which one i want to maintain. i'm biased towards maybank as most of my banking is done there
@@obel90 Ahhh ok ok, do keep us updated with your Maybank account - would love to know what else I've missed. And btw, I'm also curious if Malaysians can activate PayNow with Maybank SG, thanks!
Ahhh the interest actually doesn't matter because it depends on the country's monetary policy, Philippines inflation is much higher hence the interest rate is higher. For Singapore, their interest rate is even lower (close to zero) because of their currency and economical stability. Also noted that you guys already have digital banks - we are still building towards digital banks haha!
Thanks for the informative guide as usual. Singapore CIMB account is synchronised to Singapore MY from what i have heard,meaning you are able to access your Cimb SG account from the same online portal. Is Maybank SG the same too? Or is it a two separate independant account?
Hi Brandon, yes that is correct for CIMB SG, you can see it from your CIMB MY portal, but to use it, you still have to login CIMB Clicks SG portal yeah. As for Maybank SG, unfortunately i dont have the answer for you since I have not opened one myself :x
Hi Ziet, thanks for the video. Just created a CiMB account in Malaysia, was given a debit card and was told I can withdraw money at atms in Singapore using this card, wonder if that’s true ? 🤔
Hi ziet - for the CIMB SG account- can we do this in the local branch? as I have to make a trip anyhow to re-activate the account. Also based on online CIMB activations - will CIMB SG see how much is in my MY CIMB account to make the call for the approval?- many thanks Bro
Hello Ziet may i know how long does it takes to link cimb sg to our cimb clicks malaysia ? ( its stated 3 working days) but for myself, its longer than that and still not yet been processed until now ( more than 1 week) ) Is this a normal case ?
Hi YenYang, linking should be done in 3 days usually, try calling them or sending them a digital feedback form and they will reach out to you within 2 days normally
@@ZietInvests oh okie, cuz my IC chip broken and the card reader cant read my IC... Adui.... Make me stuck....JPN registration for new IC replacement not working, didnt send in activation email.
I get a little bit confuse on how to open a Maybank Singapore account ? You mean go any Maybank branch locate in Malaysia? Can guide me a step by step a bit., thank you
Hi James, that is correct, I believe you have to visit a physical branch in Malaysia to open the account (and submit documents). Do call them up first to clear up the procedures before visiting one!
Should be the rates determined by the SG counterpart (but i could be wrong) Usually the rates from SG to MY is much better compared to from MY to SG (this is with CIMB)
Hey Ben, yes, you can actually open a CIMB SG account from Malaysia itself! Can check out this video of mine here on how to do it: ruclips.net/video/mXjaob63K2w/видео.html&ab_channel=ZietInvests
I believe ATM withdrawal is free, the charges may apply for over the counter transactions which I'm not quite sure what kind of transactions that could be (cash deposit/cheque maybe?) Retiree - should be possible, they don't ask for any tax identification or employment/salary slips
Hello bro I'm From 🇲🇾. So, bro. How to me opening business shop in Singapore. I want opening Vape Shop, Barber Shop & Restaurant in Singapore. Can you give me tips.
From their application form they stated that there's debit card, though I have not applied for one myself yet. By right you should be able to deposit cash with or without debit card but transaction charges may apply (apologies because I have no first hand experience on this yet).
But how can I manage the SG account? like doing daily transaction? I open a CIMB SG account, linked it.. but I cannot do anything with it. I can just transfer money in. that's all. Without the ability to use it, this is useless. Now my SGD$1000 is trapped inside. =_=
Hi Neo, you must have forgotten to setup 2 things :- (1) CIMB Clicks SG mobile app for Digital Token, and (2) CIMB Clicks SG account on their website where you can perform your transfer in and out of your CIMB SG bank account. It is a separate login credential on their SG website where you can use it from Malaysia as well
@@ZietInvests but to register to SG cimb click, u need to have SG IC, and u need to hv SG phone and u need to go SG Cimb branch to register a pin. Isn't it? While I m looking for an solution for Malaysian to open and use a SG acc
For CIMB SG - no need, they removed that requirement awhile ago. For Maybank SG - I'm not very sure but the form does not specify that requirement, most likely no need but I could be wrong.
Hi there, i don't think there's any refund on dividend tax withheld, but for general tax guidance you can refer this video i've made: ruclips.net/video/VIM1fczQdAE/видео.html
@@cfreeman3730 Wow this is interesting info, let me dive into it. May I ask, is your friend's nationality Malaysian? Is he also currently still residing in Malaysia?
@@ZietInvests my friend is a penang lang. living in penang. I was also surprised by his information few days ago on our chatting. He showed me the letter from US about the temporary tax ID. Please check it out then teach us the method. Hehehe. I actually can ask him when i need that. But still looking forward your video about it. Cheers.
🔵𝗚𝗲𝘁 𝗙𝗥𝗘𝗘 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝘄𝗶𝘁𝗵 𝗪𝗶𝘀𝗲 (𝘂𝗽 𝘁𝗼 𝗥𝗠 𝟮,𝟱𝟬𝟬) ➡ wise.com/invite/u/weif84
all these infos is still valid as of nov 22?
This is surely a very detail tutorial for families in Malaysia having children in Singapore
I'm so glad you liked it brother!
Great info ziet. Much helpfull to choose ..tqvm :)
Glad it was helpful!
TQ for the informative. For me, i will choose CIMB bro!
Glad you find this video helpful Francis! Hopefully CIMB serves you well!
great information man.. THANK YOU.. im going to open CIMB SG
Pleasure is all mine! All the best and feel free to reach out anytime!
Cimb account is very convenient to Malaysian. Great to learn of this from you. Cheers
Cheers to that William, glad to know you are enjoying it 😊
short and simple, i like this format, digestible content.
So glad you liked it Sean! Trying out new format 😆 to be honest it is really challenging when there’s a time limitation in mind 😂😂
Great comparison vid. I opened a CIMB SG account thanks to you Ziet. Good stuff! 😄👍
So glad to know my video helped you Angie! Have a great weekend! 😊
Great content Ziet! Very valuable comparison. Instantly knew which I would go for :)
So happy that this helped you in your decision Claudia 😊 Have a great weekend!
here i am to support again! CIMB SG is the best liaoooo hahaXD
Thank you so much my friend, really appreciate seeing you back at my videos!!! Have a great weekend! (whispers *Hail CIMB*)
valuable info ! thanks for sharing
Glad it helped you 😄
Great info and comparison done up, thanks Ziet!
May I ask what’s the difference with CIMB i-account and non i-account (saver)? Seems the same…
Hi Gary, more or less except the way how the interest/profit is calculated, but I’ve also read that sometimes i-account may have restriction on certain non-islamic expenditures, not sure how true is that
@@ZietInvests I thought i for (investment/Islam)…. Like this non-i could be the safer option huh!
i've opened cimb and maybank sg in the same week, got my cimb account running but the user interface is.. horrible, unlike the malaysia cimb clicks. hoping to get the maybank account approved soon. thanks ziet!
Haha yesss the interface is really horrible, but simple enough to get the job done, so no complains from me lahh xD
By the way, just curious, why do you need Maybank SG when you already had CIMB SG? Are you using it for other purpose like PayNow?
@@ZietInvests since both are free to open, i decided to open both to compare the ease of use and then decide which one i want to maintain. i'm biased towards maybank as most of my banking is done there
@@obel90 Ahhh ok ok, do keep us updated with your Maybank account - would love to know what else I've missed. And btw, I'm also curious if Malaysians can activate PayNow with Maybank SG, thanks!
@@ZietInvests will do bro
@@ZietInvests i can now confirm that PayNow can be enabled, even when it's linked to a malaysian phone number
Good Explanation Ziet
Thank you so much Sashi! So glad to see you here again!
Here in the Philippines CIMB offers 4% PA interest. But CIMB (PH) are pure digital no branches and atm.
Ahhh the interest actually doesn't matter because it depends on the country's monetary policy, Philippines inflation is much higher hence the interest rate is higher. For Singapore, their interest rate is even lower (close to zero) because of their currency and economical stability. Also noted that you guys already have digital banks - we are still building towards digital banks haha!
Thanks for the informative guide as usual. Singapore CIMB account is synchronised to Singapore MY from what i have heard,meaning you are able to access your Cimb SG account from the same online portal. Is Maybank SG the same too? Or is it a two separate independant account?
Hi Brandon, yes that is correct for CIMB SG, you can see it from your CIMB MY portal, but to use it, you still have to login CIMB Clicks SG portal yeah.
As for Maybank SG, unfortunately i dont have the answer for you since I have not opened one myself :x
@@ZietInvests thank you so much for the informative videos always. And thank you for your reply
@@Cryohexis You're most welcome!
@@ZietInvests can the cimb sg also be accessed with the cimb octo my or must use cimb clicks ?
Short and sweet!
Hehe thanks for dropping by buddy! Glad you liked it!
@@ZietInvests always getting good knowledge from you!
Thank you for the great information Ziet. just wondering if the debit card provided by Maybank is master or Visa?
From the application form its written "Maybank Platinum Debit Card Card", so it should be a Visa card
WANDA VISION, AHAHAH I like the clips that u slot in, haha agatha all along
Haha wow im surprised someone gets it XD
Thanks for sharing...
You're welcome!
CIMB SG works perfectly!
Yay glad to know that! Thank you for sharing!
Hi Ziet, thanks for the video. Just created a CiMB account in Malaysia, was given a debit card and was told I can withdraw money at atms in Singapore using this card, wonder if that’s true ? 🤔
Hi Ann, I think that could be possible, but you have to be aware of the foreign exchange rates applied, could be on the higher end
Hello bro which Bank Rates Is Hight Cimb Or Maybank?
Do we need to have EP or WP or PR. Found out both need either one of them to eligible to apply. Can you confirm.
Hi ziet - for the CIMB SG account- can we do this in the local branch? as I have to make a trip anyhow to re-activate the account. Also based on online CIMB activations - will CIMB SG see how much is in my MY CIMB account to make the call for the approval?- many thanks Bro
Hello Ziet may i know how long does it takes to link cimb sg to our cimb clicks malaysia ? ( its stated 3 working days) but for myself, its longer than that and still not yet been processed until now ( more than 1 week) )
Is this a normal case ?
Hi YenYang, linking should be done in 3 days usually, try calling them or sending them a digital feedback form and they will reach out to you within 2 days normally
CIMB singapore account is easier to open.
Hi Mbb SG can do the same funding via wise like CIMB right?
Can, any SG bank account will work just the same.
@@ZietInvests oh okie, cuz my IC chip broken and the card reader cant read my IC... Adui.... Make me stuck....JPN registration for new IC replacement not working, didnt send in activation email.
I get a little bit confuse on how to open a Maybank Singapore account ? You mean go any Maybank branch locate in Malaysia? Can guide me a step by step a bit., thank you
Hi James, that is correct, I believe you have to visit a physical branch in Malaysia to open the account (and submit documents). Do call them up first to clear up the procedures before visiting one!
@@ZietInvests Thanks Ziet. Will do, call them up before visiting.
@@ZietInvests The document that you provided in the link Isavvy Account opening, it's still valid for using?
Just checked cimb sg. On the online application page it says you need a valid working visa or SG pr .
I've answered someone on this in my cimb sg video, you still can proceed with malaysian application
What's the exchange rate used by each bank to transfer S$ to ringgit?
Should be the rates determined by the SG counterpart (but i could be wrong)
Usually the rates from SG to MY is much better compared to from MY to SG (this is with CIMB)
cimb sg customer service quite bad lately..noone picks up calls
It takes time recently as they are swarmed by applications 😂 but you will get through for sure
Can Malaysian open a savings account in Singapore..try to benefit from currency exchange?
Hey Ben, yes, you can actually open a CIMB SG account from Malaysia itself!
Can check out this video of mine here on how to do it: ruclips.net/video/mXjaob63K2w/видео.html&ab_channel=ZietInvests
Thank youuuuuuuuuuuuuu
You're most welcome!!
CIMB
😄
ATM cash withdrawal, is SG$15 charged per physical withdrawal? Can a retiree open the account?
I believe ATM withdrawal is free, the charges may apply for over the counter transactions which I'm not quite sure what kind of transactions that could be (cash deposit/cheque maybe?)
Retiree - should be possible, they don't ask for any tax identification or employment/salary slips
if no card, how do i withdraw the money? also can't i use my My CIMB / MBB card to withdraw?
You can withdraw using internet banking, or visit their physical branch in SG
Hello bro I'm From 🇲🇾. So, bro. How to me opening business shop in Singapore. I want opening Vape Shop, Barber Shop & Restaurant in Singapore. Can you give me tips.
Hey there, I believe best to consult the relevant authority in Singapore regarding business registration to first setup your pte ltd
Can i visit maybank in spore to open maybank sg account ? Cause i got sing$ i can save on exchange rate fee.
Hmm not sure though, you can do that in Malaysia tho
Bank account is not what you normally talk about but ok
Hi Reign, haha that is very true but it is actually part of the entire investment ecosystem if one chooses to invest abroad (US, Hong Kong etc) 😝
Haha You are right
They issue sg Maybank debit card? Can I deposit cash in Sg branches?
From their application form they stated that there's debit card, though I have not applied for one myself yet. By right you should be able to deposit cash with or without debit card but transaction charges may apply (apologies because I have no first hand experience on this yet).
But how can I manage the SG account? like doing daily transaction? I open a CIMB SG account, linked it.. but I cannot do anything with it. I can just transfer money in. that's all. Without the ability to use it, this is useless. Now my SGD$1000 is trapped inside. =_=
Hi Neo, you must have forgotten to setup 2 things :-
(1) CIMB Clicks SG mobile app for Digital Token, and
(2) CIMB Clicks SG account on their website where you can perform your transfer in and out of your CIMB SG bank account.
It is a separate login credential on their SG website where you can use it from Malaysia as well
@@ZietInvests but to register to SG cimb click, u need to have SG IC, and u need to hv SG phone and u need to go SG Cimb branch to register a pin. Isn't it? While I m looking for an solution for Malaysian to open and use a SG acc
Can Maybank Sg transfer money to ibkr , wise to Maybank Sg vice versa tq
Can! Doesn't need to be CIMB
both of the bank still required legit passport for account opening right?
For CIMB SG - no need, they removed that requirement awhile ago.
For Maybank SG - I'm not very sure but the form does not specify that requirement, most likely no need but I could be wrong.
@@ZietInvests for Maybank SG, it’s not needed when I opened the bank account few years back by form submission to Malaysian branch.
@@allanchua4994 Thanks for confirming this! Hopefully it stays the same until today
@@ZietInvests no problem. Thank you for the comparison video. 👍
Can you make a video about dividend tax refund from US ?
Hi there, i don't think there's any refund on dividend tax withheld, but for general tax guidance you can refer this video i've made: ruclips.net/video/VIM1fczQdAE/видео.html
@@ZietInvests you can do that if the dividend tax is below certain limit. www.irs.gov/pub/irs-pdf/iw7.pdf
@@ZietInvests i havent done that before, but my friend did it few years ago. He did show me the documents.
@@cfreeman3730 Wow this is interesting info, let me dive into it. May I ask, is your friend's nationality Malaysian? Is he also currently still residing in Malaysia?
@@ZietInvests my friend is a penang lang. living in penang. I was also surprised by his information few days ago on our chatting. He showed me the letter from US about the temporary tax ID. Please check it out then teach us the method. Hehehe. I actually can ask him when i need that. But still looking forward your video about it. Cheers.
Is there any transaction fee to transfer money between cimb sg, maybank sg & other singapore banks?
Hi April, any cross border transfers will incur foreign exchange (hidden costs) even when they said its "free of charge"