Newbie questions

[wuqi256]

Re: Married couple looking to spend CNY arond Nusajaya/HH for 2 nights(Any house/Reso

I wished i saw this earlier, Eurorich, Pariss hotel or Thistle like the folks said. Had a good pal whose tenant just moved out recently in HH before CNY, he would have been keen but its already rented out now.

 

[rectmobile]

What needs to do to open a bank account in Malaysia.

I wish to open a bank account in Malaysia.

Is it possible for Singaporean to do it?

What is the minimum sum for that or is there?

What documents to bring and which bank is the right choice?

Thanks

 

[crystal_tiong]

Re: What needs to do to open a bank account in Malaysia.

Cimb rm300 can open acct. Bring passport n ic. Hong leong bank also gd. Go their website b see. Just dun open at maybank. I hv both banks.

 

[whoami]

Re: What needs to do to open a bank account in Malaysia.

Cimb rm300 can open acct. Bring passport n ic. Hong leong bank also gd. Go their website b see. Just dun open at maybank. I hv both banks.

Do we (foreigners) have to pay tax on interest earned fm savings/FDs?

 

[crystal_tiong]

Re: What needs to do to open a bank account in Malaysia.

Do we (foreigners) have to pay tax on interest earned fm savings/FDs?

Erm. So far no leh. Maybe my amount is small hahaha.

 

[whoami]

Re: What needs to do to open a bank account in Malaysia.

Erm. So far no leh. Maybe my amount is small hahaha.

Tks for reply.

If I were to place 200K, which is the best possible way to do it other than carrying load sums of money to the bank? If by TT, drafts, etc? Sure lose on exchange rates, right?

I am a singaporean.

 

[crystal_tiong]

Re: What needs to do to open a bank account in Malaysia.

Tks for reply.

If I were to place 200K, which is the best possible way to do it other than carrying load sums of money to the bank? If by TT, drafts, etc? Sure lose on exchange rates, right?

I am a singaporean.

Go to raffles money changer at jurong pt to remit. Rm10k per day limit. Rates are better n no admin charges. Now rate is bad, hold on first or change 10k first n monitor.

 

[whoami]

Re: What needs to do to open a bank account in Malaysia.

Go to raffles money changer at jurong pt to remit. Rm10k per day limit. Rates are better n no admin charges. Now rate is bad, hold on first or change 10k first n monitor.

That means i got to remit 20 times. I will then have 20 FD receipts/coupons.:o

 

[DREAMorACTION]

Re: What needs to do to open a bank account in Malaysia.

A way to save money.

Open a premier/privilege account in Singapore. Remit money to the bank in Malaysia (same bank). If u r premier customers, it's free to remit money overseas. Rates wise, gotta calculate the opportunity costs

That means i got to remit 20 times. I will then have 20 FD receipts/coupons.:o

 

[whoami]

Re: What needs to do to open a bank account in Malaysia.

A way to save money.

Open a premier/privilege account in Singapore. Remit money to the bank in Malaysia (same bank). If u r premier customers, it's free to remit money overseas. Rates wise, gotta calculator the opportunity costs

Nice to hear of several options.

Tks.

 

[DREAMorACTION]

Re: What needs to do to open a bank account in Malaysia.

If u have Malaysian relatives/friends, I think the changer can then remit more than 10k per day. Then it will be a question of how much u trust the receiving party for your huge sum of money

Nice to hear of several options.

Tks.

 

[DREAMorACTION]

Re: What needs to do to open a bank account in Malaysia.

U won't always lose on exchange rate by TT. There is an option for forex where u can trade the forex like an options. I forgot the name of this method. Basically, u can buy an options that when a forex reaches certain rate that u desire, then the forex will be converted to the currency u want. Cost involved for such transaction? Gotta consult bank officer. I only briefly learned something about this but never used it before. Just to share only. Cheers

Tks for reply.

If I were to place 200K, which is the best possible way to do it other than carrying load sums of money to the bank? If by TT, drafts, etc? Sure lose on exchange rates, right?

I am a singaporean.

 

[whoami]

Re: What needs to do to open a bank account in Malaysia.

If u have Malaysian relatives/friends, I think the changer can then remit more than 10k per day. Then it will be a question of how much u trust the receiving party for your huge sum of money

Have thought of that. But my Msian relatives always have this mentality that Singaporeans are very rich. So when come to money or properties, I rather not get them involved.

They even suggested buying a SemiD using by using their name. But i turn down the offer politely.

 

[DREAMorACTION]

Re: What needs to do to open a bank account in Malaysia.

Woah. So cheeky ar? Either ur relationship with them is extremely close or they really think that uncle whoami is reallyReally rich

Have thought of that. But my Msian relatives always have this mentality that Singaporeans are very rich. So when come to money or properties, I rather not get them involved.

They even suggested buying a SemiD using by using their name. But i turn down the offer politely.

 

[whoami]

Re: What needs to do to open a bank account in Malaysia.

Woah. So cheeky ar? Either ur relationship with them is extremely close or they really think that uncle whoami is reallyReally rich

Uncle not rich. The offer was made 2 yrs back. Quite cheap.

 

[rectmobile]

Re: What needs to do to open a bank account in Malaysia.

Cimb rm300 can open acct. Bring passport n ic. Hong leong bank also gd. Go their website b see. Just dun open at maybank. I hv both banks.

I always go jb. Does jb has Hong leong convenient ATM machine to draw cash?

 

[DREAMorACTION]

Re: What needs to do to open a bank account in Malaysia.

Convenient as in inside shopping mall? Very few. But if they are on MEPs, then u can withdraw from any machines. Normally, the first few transaction within a month is free, then subsequent withdrawal is subject to small fees.

For hong Leong, if u go by first link, there are 2 branches right in the city. One at pelangi (opposite plaza pelangi) and one beside UOB at Jalan Wong ah fook. Perhaps can withdraw there before u go shopping.

I always go jb. Does jb has Hong leong convenient ATM machine to draw cash?

 

[typh00n]

Re: Hiring a maid (Domestic Helper) in Johor Bahru.. How?..

Just saw this professional house cleaning services so sharing with bros here.
I did not use their service before. Caveat emptor!

 

[DREAMorACTION]

Re: What needs to do to open a bank account in Malaysia.

Haha. Uncle, u r still rich ... No no, perhaps the right word is "richer", because of your wise move 2 years ago now just enjoy the fruits, uncle

Uncle not rich. The offer was made 2 yrs back. Quite cheap.

 

[crystal_tiong]

Re: What needs to do to open a bank account in Malaysia.

I always go jb. Does jb has Hong leong convenient ATM machine to draw cash?

Apply debit card n use , very convenient. Most shopping center hv ATM.