A Review of Priority Banking in Singapore Banks
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- เผยแพร่เมื่อ 9 มิ.ย. 2020
- nomadcapitalist.com/
Singaporean banks are among the most sought-after by wealthy global citizens. We’ve tried them all, and these are the results.
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what about bank accounts for online businesses?
DBS is my favorite bank, although im not living in Singapore and i am Indonesian, but my main Bank is with DBS, i entrust almost everything of my life with them, starting from my Investment, all my life important stuffs like my house certificates, cash, golds, wedding rings, that i put on their deposit box, their priority banking is the best so far
minimim prio
Hi Andrew, would love to see a video on the British Crown Dependencies (banking, tax, living, etc)!
Good feedback. What’s interesting to note about Singapore is the lack of fintech options. They granted some “licenses” lately but still not many options.
A great video as always, you knowledge is quite impressive of the south east asian banking system and this system will be a major player in the future!
Exactly
I find myself using crypto more and more as the ecosystem develops. Though it'll probably be a while until crypto is at a point where it can replace banks completely. Good banks are hard to come across, especially if you don't want to keep bucket loads of cash in the account. Even banks that charge high fees often aren't great.
Back in the day, doing business with HSBC and Standard Chartered Bank in SE Asia was excellent. You got to know the local British branch managers who would even execute transactions for you by phone if you were out of the country and needed something done immediately. The branch managers were often in your social circle. All before the days of the internet. Always found both banks vastly more responsive and helpful than any US bank.
Remote Opening:
OCBC $180k Sing Dollar Singapore Dollars
CITI Bank IPB $200K USD
Can you share the contact ? I am needing to have one at the moment. Many thanks in advance !
Is Citibank reliable? He doesn't mention Citibank as top3 for some reason
How about priority banking in Armenia or Georgia. What are the good options there?
DBS Treasures charge many hidden per annum fees for stock brokerage which makes it really expensive, is there any way to negotiate these fees ?
Could you do the review in Portuguese banks?
Cool colors. Nice change. Sort of Tiffany colors.
0% interest until 2022 for the US. Can't say I agree with this.
Thought's on banking in Thailand and Vietnam?
Great info. Thanks
Love priority banking in world's trade hotspot.
I've been happy with DBS but they keep chasing me with their annual 'US Person' checks, even though I'm not a US citizen or even a US resident :/. And I've also experienced the 'your signature does not match exactly' with the one you used when you signed up issue as well, which is mildly infuriating.
Were you born in the US?
Simply enroll in a vocational or post-graduate course in Singapore and you'll get a student visa that will let you open a bank account in Singapore worth minimum of S$1,000.
Got a call today from a banker at DBS Singapore about this. Turns out I'm correct. If you got a Singapore student visa, you just need to deposit S$1,000 and that S$350,000 or US$257,000 is only for privilege accounts.
Hi Rai Key what about if I’m a USA citizen but I haven’t visited Singapore? Can I open and account online with a minimum amount? Thanks
@@laura53ize You should open an account in person in Singapore. That's what the DBS banker in Singapore told me.
@@laura53ize If you're not employed in Singapore or enrolled in any of its educational institution, the minimum bank deposit is US$265,000.
S$1,000 only if you are employed or enrolled.
What about Citibank?
So what’s the benefit of keeping money in a Singapore bank?
DBS is pretty good
Lucky you got it when it was easy! Now it seems so difficult for non residents and not worth it perhaps unless you got 200 g!
I am in India want loan for solar power generation Plant how to proceed guide
I have a HSBC Premium account with no money in it :-P
great comment. couldn't laugh more.😂
What's wrong with HSBC?
My opinion is that if a bank asks to deposit a huge amount of money, run as fast as you can. The only one who is benefiting from this is the bank because they make at least 10% profits with your money, each year, probably even more. Better put your money on work as well and don't be an idiot and feed greedy bankers. That is just ridiculous! We live in a digital world where decentralized money will be the future and I hope that all banks will become obsolete! In no way someone should beg or accept unfavorable conditions just to open a bank account, wake up!
What's the big issue with HSBC?
Watch these:
th-cam.com/video/BR7JyxXl0C4/w-d-xo.html
th-cam.com/video/1qK1wu1nZ7I/w-d-xo.html
What about Standard Chartered ?
Rubbish, accounts have been suspended by the occurrence of large transfers.
First lol