🔥🔥You can use my Wise referral link to get 1 FREE international transfer (up to RM 2,500): ziet.link/2-register-wise ❗️❗️❗️PLEASE READ: 1. Passport is no longer required for registration😊 2. CIMB Singapore just updated their Terms & Conditions that states the 1,000 SGD needs to be transferred from Malaysia via your CIMB Malaysia Bank account. (As of August 2022, Wise is still use-able and people can still successfully deposit their money into CIMB SG, in case you are hesitating.) Just don’t forget to perform the 1 SGD e-KYC transfer from CIMB Clicks Malaysia (using DuitNow/Transfer) and you will be fine! 3. If you plan to open a CIMB Malaysia account, please don't forget to bring your salary slip/employment letter + 6 months bank statement from the bank that you receive your salary/wage (this is not mentioned on CIMB MY website but apparently the local staffs require this document) 4. August 2022 - CIMB SG has updated the final verification part. Instead of calling you, they will e-mail you enquiring for 2 details - (1) The purpose of opening a CIMB Singapore Account (you can say for savings, oversea investment purpose, and for travelling in singapore), and (2) An address proof document in the form of utilities, telco bill, credit card or a bank statement dated within the recent 3 months. 📌Summary of the steps: > apply for account > casa pdf form (should have SMS password to unlock immediately) > fund 1000 sgd via wise or cimb clicks malaysia (if cimb clicks malaysia, please link first, then use "DuitNow/Transfer" to your FastSavers (SA), not "Foreign Transfer") > apply for linkage from cimb clicks malaysia > linkage done, send 1 sgd from cimb clicks malaysia if you use wise > wait cimb sg call you for verification > wait > receive final activation email, same time you will get sms on the activation code (sometimes 1 or 2 hours later) > use the code to register for cimb clicks singapore (website): www.cimbclicks.com.sg/clicks/ > then download cimb clicks singapore mobile app (setup digital token) >(Optional) after everything is done, you can also link CIMB SG to CIMB MY inside your CIMB Clicks SG > Services > Link my CIMB > Malaysia A/C (for you to be able to transfer SGD to MYR inside CIMB) Feel free to DM me on Instagram if you need any help along the process😊
It just RM2,500, but in convert from CIMB MY to CIMB SGD is more than that, need twice of transferwise? transferwise how much one time? depend on money convert?
Ziet, I have successfully opened the CIMB Singapore Account recently. This is really a hidden gem for those who are yearning to open as we do not have Singapore work permit, address, etc. Even many CIMB Malaysia officers would tell its not possible. Hope CIMB keeps this option open. Cheers! Thanks a lot Ziet. Keep up your good work.
SP Wong, this is normal that CIMB staff not knowing what their bank system can do, most of them just work, not initiated to know more. they only know what they need to do.
Successfully followed this steps all the way from making a cimb mys account to a cimb sg account. Thank you so much for the help, this channel has made international investing so much easier for beginners. I also used your transfer wise link to make my transfer ! If only I could continue using a similar link for future transactions 😂. Definitely will be using it monthly from now on , the transaction is cheaper and literally almost instant as compared to FTT. Thank you once again. You’re a legend boss !
Thank you Ziet for detailed explanation. However, it seems like initial funding no longer accept from remittance agencies now as received this message after open CIMB SG account. Note: Please FAST in from your single name personal bank account. We do not accept funds from remittance agencies such as Wise, Western Union etc.
Hi James, you still can use Wise to remit that 1k SGD even if CIMB stated so. Someone on forum called them and they answered that Wise is still acceptable as long as you dont forget to send 1 SGD via DuitNow, the reason why the stated that is because too many people forgot to send the 1 SGD from CIMB MY
Thanks for the tutorial. Applied through website and gotten the note from bank, CIMB SG. Note: Please FAST in from your single name personal bank account. We do not accept funds from remittance agencies such as Wise, Western Union etc.
Hi Le Jen, thanks for the note. Though they still accept funding from Wise, you just need to remember to DuitNow at least 1 SGD after linking, everything should be good to go from there!
Super sweet information on the Singapore FastSaver Savings Accounts from Malaysia. Nice to know it can be done in 1 week. Also good cross-border transfer information!
I've just transferred 1k SGD to my SG CIMB account, when do I need to perform the e-KYC? OHH btw thanks for your very detailed video! It speeds up my progress to open the account in many ways!
Hi Kimming, you can perform linking immediately after transferring 1k SGD. Wait for a few days, when your linking is completed, then you can proceed to cimb transfer that e-KYC of >1 SGD. Hope this helps!
TQ for your excellent explanation. I did it! Just 1 question. If I have CIMB Msia clicks app, which is linked to CIMB Spore account, do I still need to download CIMB Clicks Spore app?
I seldom comment on TH-cam channel, Ziet really helpful to reply one by one the comments, you deserve more likes and subscribers, hope to see more great content videos, keep it up, I am so happy I have opened a Singapore account today💪💪💪
Hi Ziet, firstly thanks for the informative videos that you have put up. A question from me if I may. If I have a HSBC Malaysia with Foreign Currency USD accounts, I should be able fund the TSG-IBKR account in USD directly without having to open up the CIMB SG account, isn't it?
Ziet, thanks a million for this highly informative video! I followed the steps exactly as described and got my account successfully completed in a week’s time. The only thing different now is that they contacted me via email (no calls involved).
New subscriber here! Chanced upon your channel when I was searching for beginner info to start investing. Very helpful step-by-step info to open a CIMB SG account! I've used your Wise referral to fund my CIMB SG account and now is awaiting the account linking to be completed. While waiting, I'll binge watch your videos over the weekend to decide the first broker to open my account with. Thanks Ziet!! Appreciate that you are so generous in sharing all the 'need-to-know' for people is just starting.
Heyyyy, thank you so much for your kind words and also for using my referral link - I'm so happy to know that my videos are able to provide you those values🥰 Feel free to drop by for a chat at my Instagram - have a great weekend!
Hi Ziet, thanks so much for the detailed guide. Managed to setup the account smoothly. Unfortunately, when I tried to transfer to a DBS bank account (attempting to use Tiger Brokers), CIMB SG asked for Security Device as a verification method. They didn't provide OTP SMS or Digital Token as an option to verify. Has anyone else run into this problem and know how to bypass it? Or if there are any other SG banks that I can open instead 😢
AWESOME GUIDE !!! I follow step by step and managed to open and linked my cimb sg now. Waiting for CIMB SG to call me for verification. This will save me tons of fee in the future ! Thanks for the guide !! *transferwise 3rd party transfer SGD1000 still do-able on 24/6/2021
Just an update on 26/6/2021, I have received the call from Singapore CIMB side and done the verification on 1pm of 25/6/2021. But i have yet to received the final confirmation email which most probably due to weekend. Hope i will get it on coming Monday
@@xGrE3nNXx Yup just give it a little bit of time, recently I've know from people it could take up to 1-2 weeks due to whatever reason that is. But regardless, it should be a matter of time before you will get your account activated!
Hi, Ziet! Just wanted to clarify, are you using Spore address or Msia address to register for the account? And proof of address...is Spore or Msia? Thanks
Hello Zeits. thank you so much for the video. I have recently opening the CIMB sg acc, I believe current rule must deposit SGD1000 from our own account. Means, for Malaysian we must transfer using CIMB clicks which is terrible. WISE is not acceptable. I don't want to loose RM40 ;C
Hi, no worries! still can use Wise, just dont forget to send at least 1 SGD for e-KYC via DuitNow from CIMB Clicks Malaysia to your new CIMB SG account The reason why they stated that is because too many people forgotten to send that and caused trouble to the CIMB SG branch (Someone else called CIMB SG and got this response) 😊
Hi Ziet, I followed the video and performed up until step 3. However in the initial email sent by CIMB SG, it mentioned they will not accept initial deposits via WISE or other remittance agencies. But you mention WISE still can be used. I just want to make sure, linking CIMB MY and SG acc is a separate process from the WISE funding process yes? Which is the correct sequence of actions, can you please clarify? At this moment I already tried to link MY and SG CIMB account (pending approval), but have yet to fund the 1000 SGD via WISE
Hi shin, even thou they mention wise is not accepted, you still can use it. Linking can be done first without funding, so you should link now first. If you intend to send 1000 sgd via Wise, then by all means do so. But dont forget to send at least 1 sgd from CIMB MY via DuitNow to your CIMB SG. If not, you can DuitNow 1000 sgd from CIMB MY to CIMB SG after your linkage is completed. Bare in mind this method incurs more forex losses. Hope this helps!
i should search this early - Just open my HK account transfered 40,000 hkd is a lot different compare to wise- Can but a lot dozen cup starbucks for you . This CIMB account opening so useful for me .Thanks . Subscribed your channel . Support .
thank you so much - i follow all the step - as you said my account got approve within 1 week (actually its was me delay transfer fun but they quite fast )
hi, just wanted to say that this was a good tutorial. i used your video during the whole process. Now just waiting for account linking to settle, hopefully can get a reply from them in a few days. Thanks a lot man.
Good guide. I will try to see if I can link my cimb malaysia loan account to this coz u mentioned we need a cimb malaysia saving account first. Let's see if it works
This is really a good and informative video. You just earned a subscriber. Keep up the good work mate. I need a Sg account as plan to invest in syfe Reits.
Hey Ziet! Great videos & info mate. Just wondering about your position on choosing a CIMB Malaysia & SG account over Maybank? I think you said you also had a Maybank account as well. So just wondering about the extra step with CIMB? Cheers
Hi Steve, I do have a Maybank MY account but not Maybank SG account. My reasonings are explained in this comparison video which I believe will be helpful to you: th-cam.com/video/gcpG2NN689I/w-d-xo.html Hope this helps!
Hi Ziet, feeling blessed for your excellent explanation. What can i do if CIMB SG still has not give me a call pertaining the SG account setup request ?
Hi Miss Chin😊, you can always give them a call or send them a digital feedback form on their website: www.cimb.com.sg/en/personal/help-support/contact-us.html
Thanks for the guide. Great video. So far everything is according to the steps except that I hv not received any sms activation nor email confirmation. Been a few days ☹️
Hi there. Thanks for the incredibly helpful tutorial! Just wanna ask roughly how long it took for you to get the account linkage done? I can only do the e KYC transfer AFTER linking is successful right?
Hi Wei Wen, account linkage took me around 1 business day but that was last year, they could take around 3 days recently (from what I know), you can always check with them for the progress. That said, yes, after linkage just e-KYC then should be just a matter of time before your account is activated, then you need to apply for CIMB Clicks SG and setup digital token on their CIMB Clicks SG mobile app. Refer pinned comment for the summary. Cheers!
Hi Suen, glad you liked the video. The EKYC purpose is to prove that you are a current customer of CIMB MY and for their verification purpose. Which is why they requested us (CIMB SG applicants) to perform a transfer from CIMB MY - but did not state the amount, so from people's account, SGD 1 is enough for that purpose. KYC is a standard procedure for every bank to verify their customer, eKYC is happen to be more convenient else you will need to travel to CIMB SG physical branch to do it.
very cool & detailed explanation man! just curious why fast savers specifically, or is it cuz fast savers is the only option? Plus, after completing all of the procedures, moving forward it's possible to transfer money from SG to MY through Transferwise right? I suppose no need to do the transaction from bank to bank right which is costly.
Hi there, yes fastsavers is the only option for malaysians to open CIMB SG account (all done online) from Malaysia. And yes, you can definitely use Wise to and fro, no need to use the internal bank transfer at all! Hope this clarifies!
Hi Ziet, very informative video! Quick question, for the initial funding, can I fund it through brokerage accounts? For example, Tiger Trade -> CIMB SG Thanks!
Hi Marco, hmmm that is a very good question, to be honest i have not tried that personally or ever came across someone else that have done there. Theoretically, it should work since you can fund it from any account (except for the eKYC that must be done from CIMB Clicks Malaysia), but I would just do it from Malaysia via Wise or CIMB Clicks MY. Do keep me updated if you decided to try it out haha, im curious to know too!
Hi Ziet first of all thank you for the great content👍👍 I would really like to start investing in the singapore market and would really like to open a direct account (CDP) not a nominee like IBKR. So my question is can I use the Cimb Singapore account to open CDP account in Singapore?
Hi Luqman, I believe there is no distinction between direct/nominee account in international brokerage. If anything, IBKR allows you to hold the actual stock, whereas CFD broker like eToro does not give you the actual stock (for some stocks). When you open a brokerage account with a singaporean bank, it is the same as IBKR, they reroute their brokerage activity through their own brokerage system, no difference than that of IBKR
tqvm for the tutorial. So far done awaiting link approval. Just like to ask once the link is done, do i have to login CIMB SG acc and create new acc there or ?
Hi there, you will have to login CIMB SG Clicks on their website, and download CIMB Clicks SG Mobile app for the digital token (to approve any payments/login verification) yeah
Hi, I am so glad to come across with you video. I have a personal account at CIMB Msia. Can I use this personal account to open a joint name account at CIMB SG?
Thanks for your super helpful information. Quick question: Does CIMB Singapore provide US dollar account? So that no need to convert from USD to SGD when we do withdrawal
Hey Ziet. Great content. Would love to hear your insights on future/options trading if you do make a video in the future . Support you to the moon bruh
Hello there, I'm glad you liked the video! However I may not be venturing into future/options trading anytime soon, but definitely will pick it up down the road. Thank you so much!
I dropped by to CIMB bank today to open a basic savings account but i was told that i had to take their debit card and they will charge rm15 for the debit card per year 😢 not sure if the staff is forcing me to take the card or it has to be like this. The staff was so rude though
Ah I'm sorry to know that, I do learnt from my viewers some of CIMB malaysia branch staffs are pretty bad in terms of customer service. Anyway, RM 12 a year should be alright lah since you are using its service to view your CIMB SG balance, not totally useless 😝
Hi ziet, love your content in this channel. Keep going strong with the awesome content! I had the issue with the CASA password when i first sign up for CIMB SG, as I didn’t receive the SMS for more than a day. I received the email but not the SMA message. From your videos you mentioned it’s immediate, is it normal to wait this long? I’m worried i may have input the wrong no, but if my memory serves me well it’s the correct no as I’ve double checked before submitting. Kindly advise and thanks for your help in advance!
Hi Kai Liang, CASA password should be received within hours if not minutes upon submission of application. It could have been your mobile number / input wrong format, dont worry, just email/call CIMB SG support and they will assist you with that
Hi Andrew, the saving is alright, not a screaming difference, maybe RM 20-30 ish for RM 3,000? That said, the more apparent benefit of CIMB SG is that you can use it to facilitate transfer and park your SGD, so you don't have to directly convert your money (RM to USD, USD to RM) both at local bank's mercy, plus all the unwanted intermediary bank fees.
Super thorough explanation, thanks Ziet! Quick question, how long does it take to receive the Password mentioned in Step 2, in order to open the CASA PDF file? Is it an instantaneous one or gotta wait for some time?
@@ZietInvests Yup! Got a call from them, apparently, the phone number after +60 country code shouldn't put a number that starts with 0, go straight into 16XXXXXXX
CIMB Singapore no longer accept fund from Wise for opening account. I tried method in your video. CIMB SG requested for another transfer of SG$1000. They might have made some changes recently. Anyways, thank you for your videos. These are very informative and helpful.
Did you transfer 1 sgd from cimb my after linking? Someone just texted me today their cimb sg application went through even though they used Wise 2 days ago
@@ZietInvests I’m still waiting for approval for linking CIMB MY account to CIMB SG. I received a call from CIMB SG. They said account linking will take 3 days to process. Then transfer another SG$1000 from CIMB MY to CIMB SG. Will take another 3 days for me to know if my account opening is approved.
Hello! Great video. However, I just ran into an issue regarding the funding of CIMB SG account. The prerequisites for activation is now listed as- Activate your account by transferring a minimum initial deposit of S$1,000 via FAST: - From your single personal account with another bank in Singapore* (remittance houses such as Wise, Western Union, etc. are not accepted) or - From your own CIMB Malaysia Account. I was originally planning to fund via Wise, but I don't suppose that is valid anymore. Neither do I have a CIMB Malaysia account. So I guess my only way is to open a CIMB MY account to manual TT SGD1k to CIMB SG account in order for it to activate. Anyone else ran into this issue? TQ!
@Ziet Invests hi, thanks for the fast reply! But they specifically mentioned that the sgd 1k deposit from remittance houses like Wise are not accepted.
@@Vysnerth, fyi, I tried 2 days ago via wise and it still work. I got my sg account linked today and performed my e-kyc just now. now pending for activation code.
@anonytube100 good to know. I also called CIMB SG and they told me the 1k sgd transfer can be done through any malaysian bank as long as it is in the same name as the cimb sg account. Conflicting reports haha, but I ll try and keep you all updated. Tq for the feedback!
Hi, what do you mean your IBKR account in Hong Kong? As far as I know they have bank accounts in different currencies. You can transfer to their SG bank account and convert to HKD inside IBKR app.
ziet, for number 3,3) Fund your CIMB SG Account with 1,000 SGD - Using Wise, transfer 1,000 SGD equivalent from your local bank account (RM) to your CIMB Singapore account (SGD). This should cost around RM 25. Does it mean that every time I transfer from any banks, I will be charge RM25? Actually for the whole process of transferring fund from Malaysia bank to IBKR, how much will I get charge in total including all the fees?
Hi JT, depends on which method you use, but largely it is correct. With Wise, its about RM 25 per transfer (for RM 4,000 per transfer, but will increase proportionally) but at a good FX rate. With CIMB DuitNow, its free per transfer but at a slightly worse FX rate. Net net the difference between two of them are largely negligible. That is why it is always advisable to transfer more RM per transfer to minimise the % fee. For the total fees comparison etc., you can refer this video: th-cam.com/video/_4KJY8MVC5g/w-d-xo.html
Hi, this is and informative video, I really like it. I received the PDF file in email but I didn't received SMS from CIMB SG. May I know how long is needed to receive the SMS that have password to open CASA Personal form?
Hi Eric, usually its within 10-15 minutes but there are also some ppl having issues receiving it due to telco matter. No worries, can always call CIMB SG or email them to help you rectify that!
Hi Ziet. Thank you very much for sharing us this video. However, I was just wondering if it is necessary for us to have the CIMB Malaysia Account , for linking ? Thank you in advance
Hi Wee Keat, yes it is necessary, else CIMB SG branch is unable to verify your identity as a legit Malaysian, hence they need CIMB MY account for verification. You can close the CIMB MY account later if you wish to. Cheers!
Hi Ziet, thanks for such an informative video. I attempted to open a CIMB SG account but the application got rejected - as usual, they are not willing to discuss the reason why. I am exploring other alternatives such as opening a multi-currency account in local bank, may I know if you have any experience or knowledge if this would work? Thanks in advance :)
Hi Ziet, think what is gravely missing is the access to CIMB SG acc which requires the signing up of the CIMB Click SG, where the ebanking activation code seems to be a stumbling block. would you be able to update your comments to guide us through that part as well please. Thanks.
Hi moonmoon, I am aware of that and apologies for missing out that part in my video, however I've since included it in the description box (bottom part). Thank you very much for your reminder! Do let me know if you need anymore clarification/help! Cheers!
Hi Ziet, very useful video thanks! Just wondering, I'm at Step 5 now and waiting 1-2 business days to complete the account linking. Before that, I've done transferring SGD1k using TransferWise. So before my CIMB SG acc is being approved, TransferWise is currently holding my SGD1k?
Eh nope, TW dont hold your fund. Once you perform transaction payment on TW, CIMB SG will hold the fund but there is nowhere to check it. You can only wait for a few business days for the CIMB SG representatives to call you 😊
Hey Ziet! Kudos to your awesome guidance! I've followed your guides fully on opening an IBKR and now CIMB SG! However, a small trouble I've faced throughout the funding process of CIMB SG using Wise. Not sure whether you would have some clue on it or not. The block I faced is that, my transfer on Wise using CIMB Clicks MY through online FPX, to CIMB Fastsaver SG (using the account number given on the CASA Personal Form PDF) was not permitted. (It shows this every time I submit my transfer confirmation). **Daily FPX limit is fine FYI. Thank you so much!
Hi Leonard, this is the first time mentioned about this to me. I think you have to change your FPX transfer limit on CIMB Clicks (usually default is RM 3,000), what is your current limit?
Thanks Zeit! I used Wise to transfer and it said I've save MYR190++ fee. But I still lost about MYR164++ to conversion rate. (Technically I've not lost that MYR164++ yet unless I want to transfer back to ringgit).
@@ZietInvests I didn’t... CIMB made that conversion. It shows on my fast saver acct. the ringgit value there is different from what I’ve put in initially.
Hi Ziet, thanks for the effort! For the initial deposit of 1000 SGD, can I ask my brother who is a Singapore PR to use his Singapore bank account to transfer to my newly signed up CIMB Singapore Bank account? Or the 1000 sgd has to be transferred under my name for verification purpose? Much appreciated😊
Hi Kelven, the 1000 SGD can be transferred from anywhere. But keep in mind after linking, you need to send at least 1 SGD from your own CIMB Clicks Malaysia via DuitNow/ASEAN Transfer yeah
@@ZietInvests Thanks Ziet. Just spoke to CIMB Sg & My. The problem is with the Sg$1 interCIMB transfer. I couldn’t do it because my My CIMB A/C got some problem. Will sort it out tomorrow. The steps you gave is fantastic, almost there. Thanks again.
Hi Mc L, so far I have heard a few viewer got rejected, but its very rare occurence (usually lack of documentation or has something to do with nationality)
Hi Ziet! Thanks for the amazing video. I have a question, can the CIMB Fast Saver Account receive or transact in USD? Or it will automatically be converted to SGD?
@@ZietInvests I have some foreign investment income from another broker that I would like to transfer to my new IB account. It's in USD. I'm not sure what I can do as. Any insights from you on how to best go about to lower as much FX cost as possible? Broker to broker is not possible.
@@gnileo99 How much is the amount? You can try fund transfer from your broker to IBKR (I believe there is a function in IBKR for you to receive fund from another broker)
Hi Ziet, thanks for the guide! Just would like to know can I fund my CIMB Singapore account via BigPay which I have had an account? And why aren't you using BigPay?
Hi, i've not use BigPay before (mainly because I dont want to be limited by the wallet transfer limitation down the road), im not sure how it works, can you transfer fund like a debit card? If yes, then why not
@@dicksonong4241 Ohhh I misunderstood. From BigPay to CIMB SG, yes. From BigPay to IBKR (SG) directly then no. (sorry got mixed up with all of the comments haha!) And yes, BigPay's rate are almost as good as Wise - either should work. Though Wise will be handy moving forward since BigPay has wallet limit/transfer limit restriction etc which might affect your subsequent fundings in the same month. Hope this clarifies!
Nice video!!! I got an email regarding the following matters To confirm Country of Domicile is Malaysia & FATCA Residency Is Malaysia. What is that and what documents is needed for confirmation?
Hi Tze Yung, that is probably the new SOP, you can just provide them your proof of address (like passport or utility bill or bank statement) and i think that should suffice
Ya got it Dear Customer Your CIMB Bank account has been activated! You will now be able to enjoy one of the highest interest rates in town with your CIMB FastSaver account and easy access to your funds via FAST. CIMB Bank Berhad Singapore Branch Check my sms also no in it If calling their helpline,it would sg number
Thank you for sharing your exp. I’ve one problem . The email said like this “ Your account will be activated within 1 business day if the documents submitted are in order and the initial deposit is received, subject to the bank's approval. Otherwise, the account will be automatically closed within 30 calendar days from your application date. Note: We do not accept initial deposits from Remittance Agencies such as Wise, Western Union etc.”. Meaning im not able to fund it using wise like your video ?
Hi, no worries! still can use Wise, just dont forget to send at least 1 SGD for e-KYC via DuitNow from CIMB Clicks Malaysia to your new CIMB SG account The reason why they stated that is because too many people forgotten to send that and caused trouble to the CIMB SG branch (Someone else called CIMB SG and got this response) 😊
Hi ziet, in the website now stated cannot use wise already: Step 2 - Transfer and Activate Your CIMB FastSaver account number will be issued instantly upon successful application. Activate your account by transferring a minimum initial deposit of S$1,000 via FAST: - from your single personal account with another bank in Singapore* (remittance houses such as Wise, Western Union, etc. are not accepted); - or from your own CIMB Malaysia Account*. *Note: The Bank will not be liable for any delays in refund if the transfer is not as per stated above. Can we use iC only, my passport had expired already
Hey Ziet! Was just wondering for step 3. How do we know if your sg account has been funded or not? Arent we at this point just blindly sending money there?
“Blind” wouldn’t be a word that I’d use, you are sending money to an account number assigned to you, with proof from the email sent by CIMB SG. Unfortunately there’s no way to check the fund before you done your linkage (you can then see the fund in CIMB Clicks MY). If your CIMB SG application were to be rejected, they will refund your 1,000 SGD back to you. It’s their standard procedure as depicted in the email (not one invented by me). Personally I’ve been through this, and a dozen more people that I know went the same route and had no issue at all. I’m not affiliated with CIMB but hope this helps 😊
@@ZietInvests Thanks for the prompt response. Another thing, i kinda did step 4 a lil bit before step 3? I requested for account linking like 20 minutes before i transferred the money to SG (via Transferwise) Would it cause any issues?
@@lowkey8929 shouldn’t have any issue considering the linking would take 1-3 days to be done, they probably taking their own sweet time to approve 😂 As long as you have funded, you have probably done 60% of the work. The remaining is only 1. Linking 2. Internal Transfer 1 sgd (afterwards) 3. Wait 4. Approved and apply for cimb clicks and you are good to go. Feel free to DM me on Instagram if you need any help along the way! 😇
Hi Ziet , thanks for making this video ! Seems like you are also an IB user . Does using CIMB Singapore acc the faster and cheaper way to fund an IB acc ? Thank you!
Hi yew, hands down cimb sg helped me a lot in terms of funding! Funding usually take less than a few hours to reach my account, fairly secure since its from sg bank (cimb sg) to sg bank (ibkr), no complains so far!
@@ZietInvests Thanks for prompt reply, appreciate that ! CIMB Msia just asked me to bring my employment letter to the nearest CIMB branch when I applied for a new acc. Is it really needed ?
@@ZietInvests It is written on the CIMB online saving acc application procedure. However, this morning I finally collected my debit card ! Only I/C and utility bill are needed as I am from another city.
Hi Ziet, I have a question. I have registered myself, and received the CASA Form. Questions 1) For the next step, do I transfer SGD1000 to the CIMB Singapore account (even its yet to be opened)? 2) Transfer via Transfer Wise, any time frame that I need to do the SGD1000 transfer? 3) Linking CIMB SG with CIMB MY can only be done after the above steps completed ya? Same goes with the transferring SGD1?
Hi Hanafi 1) You can do that before or after linking, up to you. If you do it before linking, you wouldn't be able to see the amount. You can only see the amount after linking the accounts. 2) I believe it's 30 days from receiving your CASA Form, you have to fund at least 1000 SGD from any source. 3) Linking can be done anytime now. 1 SGD transfer can only be done after linking. 1000 SGD can be done anytime, as long as within the 30 days.
@@ZietInvests Hi Ziet, follow up question, any chance that my application for the new account will be rejected at this stage? Scared that the SGD1k will be lost in translation 😁
@@hanafibasri2212 Very unlikely case to be rejected, if really rejected, it will be refunded back to your CIMB MY account. Just perform linking and you should be able to see your 1000 SGD in your CIMB Clicks Malaysia
You mentioned about the transfer from MYR to SGD to have bad FX rates if TransferWise isnt used. What about the other way around? If I want to turn SGD back to MYR, what would be the best way to do it?
Hi Ziet, can you PM and explain to me nowadays what benefits and merits to set up a singaporean bank account ? I am quite tempted to open one but wish to understand more what other enlightenment did i miss ... thanks
Hi Jia Qing, having a SG bank account allows us to store cash in SGD, and since many international businesses (such as stock brokers) are situated in Singapore, the SG bank account allows us to perform fund transfer in and out for whatever purpose there without incurring much transaction losses since they are local transfers
If 1 wish to further invest through SGD after opening an account, do you still use transferwise or simply just use the e-KYC transfer? Which option is cheaper?
HI, TransferWise option will always be cheaper due to the spot rate FX, even though there is a small fee. I will be uploading a video comparing the cost between TransferWise and using bank to transfer, cheers!
Hi Ziet nice explanation. I almost complete my registration but I didn't get any email nor sms code activation for cimb clicks. I do get a phone call from their cimb sg representative though. So how can I complete and finalize this ?
Hi Farid, here's the steps summary: > apply for account > casa pdf form (should have SMS password to unlock immediately) > fund 1000 sgd via wise or cimb clicks malaysia (if cimb clicks malaysia, please link first, then use "DuitNow/Transfer" to your FastSavers (SA), not "Foreign Transfer") > apply for linkage from cimb clicks malaysia > linkage done, send 1 sgd from cimb clicks malaysia if you use wise > wait cimb sg call you for verification > wait > receive final activation email, same time you will get sms on the activation code (sometimes 1 or 2 hours later) > use the code to register for cimb clicks singapore (website): www.cimbclicks.com.sg/clicks/ > then download cimb clicks singapore mobile app (setup digital token) >(Optional) after everything is done, you can also link CIMB SG to CIMB MY inside your CIMB Clicks SG > Services > Link my CIMB > Malaysia A/C (for you to be able to transfer SGD to MYR inside CIMB) You might have to just wait for the final activation e-mail (if i understand your current situation currently) - otherwise feel free to DM me via instagram!
Hi Ziet thanks for summarizing the steps, I already waited for the email activation for a week but still didn't get any response.Should I call cimb sg customer services for this matter.
Hello Ziet! Apologies if you've stated this answer elsewhere in other videos, however, may I know whats the best way to fund my TDA account? Would it be via CIMB SG?
Hey King - no worries! You can only deposit USD or SGD into TDA. As a Malaysian, you can deposit: 1. USD - via Foreign Telegraphic Transfer from MYR bank, or via US bank account (if you have one), or 2. SGD - via DBS / POSB Bank Singapore only. TDA does not accept funding from CIMB SG. Usually this leaves us with the USD FTT option only
@@kinglee7027 Nope, if i'm not mistaken the way BigPay work is you pay BigPay, then BigPay transfer for you - just like Wise, so it is not under "your bank name".
![PURPEECH - นี่ฉันเองคนที่... (It's me) [Official MV]](http://i.ytimg.com/vi/NuhHd0hOOg8/mqdefault.jpg)
🔥🔥You can use my Wise referral link to get 1 FREE international transfer (up to RM 2,500):
ziet.link/2-register-wise
❗️❗️❗️PLEASE READ:
1. Passport is no longer required for registration😊
2. CIMB Singapore just updated their Terms & Conditions that states the 1,000 SGD needs to be transferred from Malaysia via your CIMB Malaysia Bank account. (As of August 2022, Wise is still use-able and people can still successfully deposit their money into CIMB SG, in case you are hesitating.) Just don’t forget to perform the 1 SGD e-KYC transfer from CIMB Clicks Malaysia (using DuitNow/Transfer) and you will be fine!
3. If you plan to open a CIMB Malaysia account, please don't forget to bring your salary slip/employment letter + 6 months bank statement from the bank that you receive your salary/wage (this is not mentioned on CIMB MY website but apparently the local staffs require this document)
4. August 2022 - CIMB SG has updated the final verification part. Instead of calling you, they will e-mail you enquiring for 2 details - (1) The purpose of opening a CIMB Singapore Account (you can say for savings, oversea investment purpose, and for travelling in singapore), and (2) An address proof document in the form of utilities, telco bill, credit card or a bank statement dated within the recent 3 months.
📌Summary of the steps:
> apply for account
> casa pdf form (should have SMS password to unlock immediately)
> fund 1000 sgd via wise or cimb clicks malaysia (if cimb clicks malaysia, please link first, then use "DuitNow/Transfer" to your FastSavers (SA), not "Foreign Transfer")
> apply for linkage from cimb clicks malaysia
> linkage done, send 1 sgd from cimb clicks malaysia if you use wise
> wait cimb sg call you for verification
> wait
> receive final activation email, same time you will get sms on the activation code (sometimes 1 or 2 hours later)
> use the code to register for cimb clicks singapore (website): www.cimbclicks.com.sg/clicks/
> then download cimb clicks singapore mobile app (setup digital token)
>(Optional) after everything is done, you can also link CIMB SG to CIMB MY inside your CIMB Clicks SG > Services > Link my CIMB > Malaysia A/C (for you to be able to transfer SGD to MYR inside CIMB)
Feel free to DM me on Instagram if you need any help along the process😊
It just RM2,500, but in convert from CIMB MY to CIMB SGD is more than that, need twice of transferwise? transferwise how much one time? depend on money convert?
@@ongweihun2825 its about 0.55% fees each time, so about RM 14 for RM 2,500.
Once transferwise is enough from RM to SGD.
@@ZietInvests can u show the step for withdraw money from IBKR to maybank MY direct? USD to MYR?
@@ZietInvests it is a bit different for deposit money
@@ongweihun2825 inside IBKR, choose withdrawal currency MYR, then input your MY bank details.
0 dislikes after 3 months, this guide is that good.
Thank you so much! And I’m really humbled by this, hopefully it helped tons of people, and more! 🙇🏻♂️🙇🏻♂️
the mic on fork is brilliant
😂Hahaha thank you!!
Ziet, I have successfully opened the CIMB Singapore Account recently. This is really a hidden gem for those who are yearning to open as we do not have Singapore work permit, address, etc. Even many CIMB Malaysia officers would tell its not possible. Hope CIMB keeps this option open. Cheers! Thanks a lot Ziet. Keep up your good work.
Thank you so much for your kind words! I am genuinely happy this video helped you and others! All the best! 😊
SP Wong, this is normal that CIMB staff not knowing what their bank system can do, most of them just work, not initiated to know more. they only know what they need to do.
Successfully followed this steps all the way from making a cimb mys account to a cimb sg account. Thank you so much for the help, this channel has made international investing so much easier for beginners. I also used your transfer wise link to make my transfer ! If only I could continue using a similar link for future transactions 😂. Definitely will be using it monthly from now on , the transaction is cheaper and literally almost instant as compared to FTT. Thank you once again. You’re a legend boss !
Yasss letsss goooo!!! Thank you so much for this, im so happy for you and everyone!!😍
@@ZietInvests please help any otherways to open a singapore account tq
Thank you Ziet for detailed explanation. However, it seems like initial funding no longer accept from remittance agencies now as received this message after open CIMB SG account.
Note: Please FAST in from your single name personal bank account. We do not accept funds from remittance agencies such as Wise, Western Union etc.
Hi James, you still can use Wise to remit that 1k SGD even if CIMB stated so. Someone on forum called them and they answered that Wise is still acceptable as long as you dont forget to send 1 SGD via DuitNow, the reason why the stated that is because too many people forgot to send the 1 SGD from CIMB MY
@@ZietInvests What is 1SGD? how to transfer via wise, I dont see option of CIMB SG there. I only saw CIMB BERHAD which is malaysia?
@@neolee1127 I think after you set up your CIMB SG account, they want you to send 1 SGD from CIMB Malaysia
Can i only use the duitnow function after my account is successfully link in CIMB MY?
@@ZietInvests thank you!
A very thorough and detailed explanation. Just need to follow step by step and you won't go wrong. Thanks you so much!
Hey there, thank you so much for the kind words! Really means a lot to me!! 🙇🏻♂️🙇🏻♂️
Thanks for the tutorial. Applied through website and gotten the note from bank, CIMB SG. Note: Please FAST in from your single name personal bank account. We do not accept funds from remittance agencies such as Wise, Western Union etc.
Hi Le Jen, thanks for the note. Though they still accept funding from Wise, you just need to remember to DuitNow at least 1 SGD after linking, everything should be good to go from there!
I saw the note too, but proceed to use WISE anyway, and the fund still transferred to the CIMB SG account successfully (that was 4 months ago la)
Super sweet information on the Singapore FastSaver Savings Accounts from Malaysia. Nice to know it can be done in 1 week. Also good cross-border transfer information!
Cheers buddy! 🥳
did it work?
legend got me done with my process, now waiting for cimb to call me for verification. Thanks dude
Awesomeeee! Keep us updated!
I've just transferred 1k SGD to my SG CIMB account, when do I need to perform the e-KYC? OHH btw thanks for your very detailed video! It speeds up my progress to open the account in many ways!
Hi Kimming, you can perform linking immediately after transferring 1k SGD. Wait for a few days, when your linking is completed, then you can proceed to cimb transfer that e-KYC of >1 SGD.
Hope this helps!
@@ZietInvests Alrighttt tons of thanks!!!
@@kimmingtee1246 welcome!
Hey Ziet,would like to say a big Thank You for the recent great help.1k subs soooonnn😀
Thank you! Let's goooo 1K 🚀🚀🚀
TQ for your excellent explanation. I did it! Just 1 question. If I have CIMB Msia clicks app, which is linked to CIMB Spore account, do I still need to download CIMB Clicks Spore app?
Hi Celiene, yes you will still need to download CIMB Clicks SG app to setup Digital Token to approve your future transactions 😊
I seldom comment on TH-cam channel, Ziet really helpful to reply one by one the comments, you deserve more likes and subscribers, hope to see more great content videos, keep it up, I am so happy I have opened a Singapore account today💪💪💪
Yayyyy so happy for you, and thank you so much for your kind words! Enjoy your account!🥰
Hi Ziet, firstly thanks for the informative videos that you have put up. A question from me if I may. If I have a HSBC Malaysia with Foreign Currency USD accounts, I should be able fund the TSG-IBKR account in USD directly without having to open up the CIMB SG account, isn't it?
Yup, should be able to, can just transfer to IBKR's USD account
Ziet, thanks a million for this highly informative video! I followed the steps exactly as described and got my account successfully completed in a week’s time. The only thing different now is that they contacted me via email (no calls involved).
Hi there, so glad to know that! And thank you very much for your feedback!!
New subscriber here! Chanced upon your channel when I was searching for beginner info to start investing. Very helpful step-by-step info to open a CIMB SG account! I've used your Wise referral to fund my CIMB SG account and now is awaiting the account linking to be completed. While waiting, I'll binge watch your videos over the weekend to decide the first broker to open my account with. Thanks Ziet!! Appreciate that you are so generous in sharing all the 'need-to-know' for people is just starting.
Heyyyy, thank you so much for your kind words and also for using my referral link - I'm so happy to know that my videos are able to provide you those values🥰 Feel free to drop by for a chat at my Instagram - have a great weekend!
Hi Ziet, thanks so much for the detailed guide. Managed to setup the account smoothly. Unfortunately, when I tried to transfer to a DBS bank account (attempting to use Tiger Brokers), CIMB SG asked for Security Device as a verification method. They didn't provide OTP SMS or Digital Token as an option to verify. Has anyone else run into this problem and know how to bypass it? Or if there are any other SG banks that I can open instead 😢
Hi, have you installed the CIMB Clicks SG mobile app to set up digital pin? Feel free to DM me on Instagram to help you further 😊😊
AWESOME GUIDE !!! I follow step by step and managed to open and linked my cimb sg now. Waiting for CIMB SG to call me for verification. This will save me tons of fee in the future ! Thanks for the guide !! *transferwise 3rd party transfer SGD1000 still do-able on 24/6/2021
Woooo awesome, so glad to hear such update! Thank you so much for sharing with us!
Just an update on 26/6/2021, I have received the call from Singapore CIMB side and done the verification on 1pm of 25/6/2021. But i have yet to received the final confirmation email which most probably due to weekend. Hope i will get it on coming Monday
@@xGrE3nNXx Yup just give it a little bit of time, recently I've know from people it could take up to 1-2 weeks due to whatever reason that is. But regardless, it should be a matter of time before you will get your account activated!
sir, u are my life saver...i been looking for reliable way to transfer money from cimb singapore to interactive !! good job bro !
You are most welcome Jason! Enjoy 😊
Hi, Ziet! Just wanted to clarify, are you using Spore address or Msia address to register for the account? And proof of address...is Spore or Msia? Thanks
Malaysia address, proof of address is Malaysia as well 😊
@@ZietInvests if your address is same as your NRIC address. Do you still need to provide proof of address in Msia?
Hello Zeits. thank you so much for the video. I have recently opening the CIMB sg acc, I believe current rule must deposit SGD1000 from our own account. Means, for Malaysian we must transfer using CIMB clicks which is terrible. WISE is not acceptable. I don't want to loose RM40 ;C
Hi, no worries! still can use Wise, just dont forget to send at least 1 SGD for e-KYC via DuitNow from CIMB Clicks Malaysia to your new CIMB SG account
The reason why they stated that is because too many people forgotten to send that and caused trouble to the CIMB SG branch (Someone else called CIMB SG and got this response) 😊
Hi Ziet, I followed the video and performed up until step 3. However in the initial email sent by CIMB SG, it mentioned they will not accept initial deposits via WISE or other remittance agencies. But you mention WISE still can be used.
I just want to make sure, linking CIMB MY and SG acc is a separate process from the WISE funding process yes? Which is the correct sequence of actions, can you please clarify?
At this moment I already tried to link MY and SG CIMB account (pending approval), but have yet to fund the 1000 SGD via WISE
Hi shin, even thou they mention wise is not accepted, you still can use it.
Linking can be done first without funding, so you should link now first.
If you intend to send 1000 sgd via Wise, then by all means do so. But dont forget to send at least 1 sgd from CIMB MY via DuitNow to your CIMB SG.
If not, you can DuitNow 1000 sgd from CIMB MY to CIMB SG after your linkage is completed. Bare in mind this method incurs more forex losses.
Hope this helps!
@@ZietInvests hi, how to send to cimb sg. because dont get the cimb sg account number yet after active the link with cimb sg.
i should search this early - Just open my HK account transfered 40,000 hkd is a lot different compare to wise- Can but a lot dozen cup starbucks for you . This CIMB account opening so useful for me .Thanks . Subscribed your channel . Support .
Thank you so much Andrew, so glad this helped you to save some bucks! Starbucks on your next time haha! Cheers 😊
hi can i use this cimb singapore to fund tiger broker account??
Yes you can! 😄
@@ZietInvests Are you sure about that?
thank you so much - i follow all the step - as you said my account got approve within 1 week (actually its was me delay transfer fun but they quite fast )
Wohoo awesome! Enjoy!! 😄😄
Thank you, Ziet, for this informative and simple to follow vid. I successfully open my account! yay!
That is good news! Enjoy!!
hi, just wanted to say that this was a good tutorial. i used your video during the whole process. Now just waiting for account linking to settle, hopefully can get a reply from them in a few days. Thanks a lot man.
I'm glad it was helpful! You're welcome ayyy! Enjoy!!!
got it already?
Thanks for the information you share regularly
Happy to share with everyone! Have a nice day!
Been searching for this. Thanks very much
Glad this was helpful, you're welcome! 😊😊
Awesome video again! Well done ziet invest 👍🏻
Thanks Tony! Glad you liked it!
Good guide. I will try to see if I can link my cimb malaysia loan account to this coz u mentioned we need a cimb malaysia saving account first. Let's see if it works
Interesting, do keep us posted since I am genuinely curious about that too!
@@ZietInvests it works
Thank You for the clear explaination.
You're welcome Faizal! 😊
Thanks bro...didnt know about this kind of information
You're welcome Rizal!
thanks bro appreciate your sharing and hard work.
You’re most welcome Lewis, and thank you so much for your kind words!
This is really a good and informative video. You just earned a subscriber. Keep up the good work mate. I need a Sg account as plan to invest in syfe Reits.
I'm glad it was helpful to you sir! Cheers and have a great day!
Thank you Ziet for this information🔥 💯
You're most welcome Shannon!☺️
Hey Ziet! Great videos & info mate. Just wondering about your position on choosing a CIMB Malaysia & SG account over Maybank? I think you said you also had a Maybank account as well. So just wondering about the extra step with CIMB? Cheers
Hi Steve, I do have a Maybank MY account but not Maybank SG account. My reasonings are explained in this comparison video which I believe will be helpful to you: th-cam.com/video/gcpG2NN689I/w-d-xo.html
Hope this helps!
Did anyone log in to CIMB clicks Sg and encounter inetrnal server error/ connectivity issue recently? Same goes to the apps, loading forever.
Hi Barbara - that is correct, CIMB SG is currently down for everyone
love ur mic holder
Haha thanks alot!
Thanks man. This is really helpful
You're welcome Azmihana😊 Have a great day!
Hi Ziet, feeling blessed for your excellent explanation. What can i do if CIMB SG still has not give me a call pertaining the SG account setup request ?
Hi Miss Chin😊, you can always give them a call or send them a digital feedback form on their website: www.cimb.com.sg/en/personal/help-support/contact-us.html
Thanks for the guide. Great video. So far everything is according to the steps except that I hv not received any sms activation nor email confirmation. Been a few days ☹️
Hi Sean, which step are you at right now? After cimb sg called you, they will take 3-5 business days (recently its slower)
fantastic video, Ziet! keep it up!
Thanks a ton, Lydia!
Hi there. Thanks for the incredibly helpful tutorial! Just wanna ask roughly how long it took for you to get the account linkage done? I can only do the e KYC transfer AFTER linking is successful right?
Hi Wei Wen, account linkage took me around 1 business day but that was last year, they could take around 3 days recently (from what I know), you can always check with them for the progress.
That said, yes, after linkage just e-KYC then should be just a matter of time before your account is activated, then you need to apply for CIMB Clicks SG and setup digital token on their CIMB Clicks SG mobile app. Refer pinned comment for the summary. Cheers!
Liked the video so informative! May I know the purpose of transferring min SGD 1 during the ekyc procedure please?
Hi Suen, glad you liked the video. The EKYC purpose is to prove that you are a current customer of CIMB MY and for their verification purpose. Which is why they requested us (CIMB SG applicants) to perform a transfer from CIMB MY - but did not state the amount, so from people's account, SGD 1 is enough for that purpose.
KYC is a standard procedure for every bank to verify their customer, eKYC is happen to be more convenient else you will need to travel to CIMB SG physical branch to do it.
@@ZietInvests I have cimb malaysia acc. Still need 1k sgd to open the singapore account?.
very cool & detailed explanation man! just curious why fast savers specifically, or is it cuz fast savers is the only option? Plus, after completing all of the procedures, moving forward it's possible to transfer money from SG to MY through Transferwise right? I suppose no need to do the transaction from bank to bank right which is costly.
Hi there, yes fastsavers is the only option for malaysians to open CIMB SG account (all done online) from Malaysia.
And yes, you can definitely use Wise to and fro, no need to use the internal bank transfer at all! Hope this clarifies!
@@ZietInvests Awesome man! Much thanks for responding. Btw will funds in fast savers be taxed by the SG government?
Hi Ziet, very informative video! Quick question, for the initial funding, can I fund it through brokerage accounts?
For example, Tiger Trade -> CIMB SG
Thanks!
Hi Marco, hmmm that is a very good question, to be honest i have not tried that personally or ever came across someone else that have done there.
Theoretically, it should work since you can fund it from any account (except for the eKYC that must be done from CIMB Clicks Malaysia), but I would just do it from Malaysia via Wise or CIMB Clicks MY.
Do keep me updated if you decided to try it out haha, im curious to know too!
Hi Ziet first of all thank you for the great content👍👍
I would really like to start investing in the singapore market and would really like to open a direct account (CDP) not a nominee like IBKR.
So my question is can I use the Cimb Singapore account to open CDP account in Singapore?
Hi Luqman, I believe there is no distinction between direct/nominee account in international brokerage.
If anything, IBKR allows you to hold the actual stock, whereas CFD broker like eToro does not give you the actual stock (for some stocks).
When you open a brokerage account with a singaporean bank, it is the same as IBKR, they reroute their brokerage activity through their own brokerage system, no difference than that of IBKR
tqvm for the tutorial. So far done awaiting link approval. Just like to ask once the link is done, do i have to login CIMB SG acc and create new acc there or ?
Hi there, you will have to login CIMB SG Clicks on their website, and download CIMB Clicks SG Mobile app for the digital token (to approve any payments/login verification) yeah
Hi, I am so glad to come across with you video. I have a personal account at CIMB Msia. Can I use this personal account to open a joint name account at CIMB SG?
Hi TK, unfortunately i dont have an answer for you on this, but you can call CIMB SG support to check on this (use skype to call for free)
Thanks for your super helpful information. Quick question: Does CIMB Singapore provide US dollar account? So that no need to convert from USD to SGD when we do withdrawal
Hi Edric, I don't think CIMB SG offers USD foreign currency account, nor do the fastsavers account can hold USD either :x
Hey Ziet. Great content. Would love to hear your insights on future/options trading if you do make a video in the future . Support you to the moon bruh
Hello there, I'm glad you liked the video! However I may not be venturing into future/options trading anytime soon, but definitely will pick it up down the road. Thank you so much!
I dropped by to CIMB bank today to open a basic savings account but i was told that i had to take their debit card and they will charge rm15 for the debit card per year 😢 not sure if the staff is forcing me to take the card or it has to be like this. The staff was so rude though
Ah I'm sorry to know that, I do learnt from my viewers some of CIMB malaysia branch staffs are pretty bad in terms of customer service. Anyway, RM 12 a year should be alright lah since you are using its service to view your CIMB SG balance, not totally useless 😝
Thank You Ziet. Great.
Thank you so much Donald!
Hi ziet, love your content in this channel. Keep going strong with the awesome content! I had the issue with the CASA password when i first sign up for CIMB SG, as I didn’t receive the SMS for more than a day. I received the email but not the SMA message. From your videos you mentioned it’s immediate, is it normal to wait this long? I’m worried i may have input the wrong no, but if my memory serves me well it’s the correct no as I’ve double checked before submitting. Kindly advise and thanks for your help in advance!
Hi Kai Liang, CASA password should be received within hours if not minutes upon submission of application.
It could have been your mobile number / input wrong format, dont worry, just email/call CIMB SG support and they will assist you with that
Thanks for the fast response man!
HI Ziet, thanks for the detailed sharing. May I know is this account opening available to do it at branch ? or only online?
Hi there! You can do this online (from start to end!)
@@ZietInvests If i deposit 1000sgd via cimb malaysia after linkage, do i have to transfer 1 sgd for kyc too ? or i can skip it
Successfully open. Tq, but unable to transfer money as it require security device... cimb sg does not give me any device
Hi wee enn, your mobile phone is your security device. You can download cimb clicks sg app to setup digital token 😄
Thanks for the video Ziet. How much do you actually save using this method versus if you use direct bank wire transfer to USD?
Hi Andrew, the saving is alright, not a screaming difference, maybe RM 20-30 ish for RM 3,000?
That said, the more apparent benefit of CIMB SG is that you can use it to facilitate transfer and park your SGD, so you don't have to directly convert your money (RM to USD, USD to RM) both at local bank's mercy, plus all the unwanted intermediary bank fees.
Super thorough explanation, thanks Ziet!
Quick question, how long does it take to receive the Password mentioned in Step 2, in order to open the CASA PDF file? Is it an instantaneous one or gotta wait for some time?
Got this question's answer at one of your replies to others earlier, can ignore my question thanks Ziet :) Sub-ed
Haha usually its instantaneous but if you didn't get it, it's best to approach the customer support! All the best!
@@ZietInvests Yup! Got a call from them, apparently, the phone number after +60 country code shouldn't put a number that starts with 0, go straight into 16XXXXXXX
@@ahleong1314 Yaaa that is correct because +60 is already the country code haha, anyways glad to know its resolved!
CIMB Singapore no longer accept fund from Wise for opening account. I tried method in your video. CIMB SG requested for another transfer of SG$1000.
They might have made some changes recently. Anyways, thank you for your videos. These are very informative and helpful.
Did you transfer 1 sgd from cimb my after linking? Someone just texted me today their cimb sg application went through even though they used Wise 2 days ago
@@ZietInvests I’m still waiting for approval for linking CIMB MY account to CIMB SG.
I received a call from CIMB SG. They said account linking will take 3 days to process.
Then transfer another SG$1000 from CIMB MY to CIMB SG. Will take another 3 days for me to know if my account opening is approved.
@@pss1545 Yep more or less that time frame, my friend also got them done with similar timing.
Hi Ziet, such a great video, thank you! 1 question - I couldn't find CIMB SG Bank in Wise, only CIMB BANK Berhad is there
Hi Yvonne, CIMB Bank Berhad is correct. CIMB SG or CIMB MY are all under the CIMB Group
@@ZietInvests got it
Hi Ziet. Thanks for this. For Step 4, do we need to wait for CIMB SG to approve first or we can link it the moment an account number is given?
No need to wait for approval, i linked it right after i fund it 😊
Hello! Great video. However, I just ran into an issue regarding the funding of CIMB SG account. The prerequisites for activation is now listed as-
Activate your account by transferring a minimum initial deposit of S$1,000 via FAST:
- From your single personal account with another bank in Singapore* (remittance houses such as Wise, Western Union, etc. are not accepted) or
- From your own CIMB Malaysia Account.
I was originally planning to fund via Wise, but I don't suppose that is valid anymore. Neither do I have a CIMB Malaysia account. So I guess my only way is to open a CIMB MY account to manual TT SGD1k to CIMB SG account in order for it to activate. Anyone else ran into this issue?
TQ!
Hi Alvin, you must open a CIMB MY account to proceed yes. But no need use manual TT, you can use their duitnow or Wise
@Ziet Invests hi, thanks for the fast reply!
But they specifically mentioned that the sgd 1k deposit from remittance houses like Wise are not accepted.
@@Vysnerth, fyi, I tried 2 days ago via wise and it still work. I got my sg account linked today and performed my e-kyc just now. now pending for activation code.
@anonytube100 good to know. I also called CIMB SG and they told me the 1k sgd transfer can be done through any malaysian bank as long as it is in the same name as the cimb sg account.
Conflicting reports haha, but I ll try and keep you all updated. Tq for the feedback!
@@Vysnerth as long as you dont forget the 1 sgd sent via duit now (after linking), you will be fine!😊
Hi Bro, thank youfor the nice guide. Would like to know whether we can get debit/credit card by the bank?
Hi Anwar, unfortunately there's no debit card with this account 😬
Thanks for the video. Very helpful. If my IBKR account in Hong Kong, can I still transfer money from my CIMB S'pore account?
Hi, what do you mean your IBKR account in Hong Kong? As far as I know they have bank accounts in different currencies. You can transfer to their SG bank account and convert to HKD inside IBKR app.
ziet, for number 3,3) Fund your CIMB SG Account with 1,000 SGD
- Using Wise, transfer 1,000 SGD equivalent from your local bank account (RM) to your CIMB Singapore account (SGD). This should cost around RM 25.
Does it mean that every time I transfer from any banks, I will be charge RM25? Actually for the whole process of transferring fund from Malaysia bank to IBKR, how much will I get charge in total including all the fees?
Hi JT, depends on which method you use, but largely it is correct.
With Wise, its about RM 25 per transfer (for RM 4,000 per transfer, but will increase proportionally) but at a good FX rate.
With CIMB DuitNow, its free per transfer but at a slightly worse FX rate.
Net net the difference between two of them are largely negligible.
That is why it is always advisable to transfer more RM per transfer to minimise the % fee.
For the total fees comparison etc., you can refer this video: th-cam.com/video/_4KJY8MVC5g/w-d-xo.html
Thank you Ziet Invests, liked. Could we open USD account in CIMB Singapore?
Hi there, you can't do that. CIMB Singapore is an online savings account with limited features only.
Hi, this is and informative video, I really like it. I received the PDF file in email but I didn't received SMS from CIMB SG. May I know how long is needed to receive the SMS that have password to open CASA Personal form?
Hi Eric, usually its within 10-15 minutes but there are also some ppl having issues receiving it due to telco matter. No worries, can always call CIMB SG or email them to help you rectify that!
Hi Ziet. Thank you very much for sharing us this video. However, I was just wondering if it is necessary for us to have the CIMB Malaysia Account , for linking ? Thank you in advance
Hi Wee Keat, yes it is necessary, else CIMB SG branch is unable to verify your identity as a legit Malaysian, hence they need CIMB MY account for verification. You can close the CIMB MY account later if you wish to. Cheers!
Nice guide btw sad im not dare to open sg account because sked capital tax . Lhdn like to knock knock
Haha that is a very grey area to all of us as well!
super duper thanks for this postttttt....
You're most welcome Stephen, do share with your friends if you think this would help them! 😊
@@ZietInvests sureeee ..
Hi Ziet, thanks for such an informative video. I attempted to open a CIMB SG account but the application got rejected - as usual, they are not willing to discuss the reason why. I am exploring other alternatives such as opening a multi-currency account in local bank, may I know if you have any experience or knowledge if this would work? Thanks in advance :)
Hi Helen, just replied your over IG😊
Hi Ziet, think what is gravely missing is the access to CIMB SG acc which requires the signing up of the CIMB Click SG, where the ebanking activation code seems to be a stumbling block. would you be able to update your comments to guide us through that part as well please. Thanks.
Hi moonmoon, I am aware of that and apologies for missing out that part in my video, however I've since included it in the description box (bottom part). Thank you very much for your reminder!
Do let me know if you need anymore clarification/help! Cheers!
HI Ziet, glad to see your view. I have one question, how if cimb sg is not approve our account, can we refund the 1000 sgd? What's the way for this?
Hi there, the amount will be refunded if your application failed/did not went through 😊
Hi Zeit, could you show us how to transfer money back from CIMB SG to CIMB MY?
Ah okay, will have that in my to-do list!
Hi Ziet, very useful video thanks! Just wondering, I'm at Step 5 now and waiting 1-2 business days to complete the account linking. Before that, I've done transferring SGD1k using TransferWise. So before my CIMB SG acc is being approved, TransferWise is currently holding my SGD1k?
Eh nope, TW dont hold your fund. Once you perform transaction payment on TW, CIMB SG will hold the fund but there is nowhere to check it. You can only wait for a few business days for the CIMB SG representatives to call you 😊
Hey Ziet! Kudos to your awesome guidance! I've followed your guides fully on opening an IBKR and now CIMB SG! However, a small trouble I've faced throughout the funding process of CIMB SG using Wise. Not sure whether you would have some clue on it or not.
The block I faced is that, my transfer on Wise using CIMB Clicks MY through online FPX, to CIMB Fastsaver SG (using the account number given on the CASA Personal Form PDF) was not permitted. (It shows this every time I submit my transfer confirmation). **Daily FPX limit is fine FYI.
Thank you so much!
Hi Leonard, this is the first time mentioned about this to me.
I think you have to change your FPX transfer limit on CIMB Clicks (usually default is RM 3,000), what is your current limit?
@@ZietInvests Hi, it was set to the maximum, RM 30,000
@@ZietInvests Anyway, I've figured out now, and it's done and I'm progressing to next steps! Thank you!
@@leonardwan9387 Awesome! Most welcome ☺️
@@leonardwan9387 mind sharing what the issue was and resolution?
Thanks Zeit! I used Wise to transfer and it said I've save MYR190++ fee. But I still lost about MYR164++ to conversion rate. (Technically I've not lost that MYR164++ yet unless I want to transfer back to ringgit).
How did u calculate the rm 164?
@@ZietInvests go CIMBClicks look at the SG. acct. it shows both the SG dollar value & the ringgit value underneath it.
@@ZietInvests refer back the amount in wise in Ringgit that transferred to SG. dollar. Do the math and calc. the different.
@@MultiMarcoLee you are comparing against the number you got from google?
@@ZietInvests I didn’t... CIMB made that conversion. It shows on my fast saver acct. the ringgit value there is different from what I’ve put in initially.
Hi Ziet, thanks for the effort! For the initial deposit of 1000 SGD, can I ask my brother who is a Singapore PR to use his Singapore bank account to transfer to my newly signed up CIMB Singapore Bank account?
Or the 1000 sgd has to be transferred under my name for verification purpose? Much appreciated😊
Hi Kelven, the 1000 SGD can be transferred from anywhere. But keep in mind after linking, you need to send at least 1 SGD from your own CIMB Clicks Malaysia via DuitNow/ASEAN Transfer yeah
Hi Ziet, Great content, thanks. I went all the way and got stuck at registering for CIMB Clicks Sg. How do I get the activation code?
Hi Shaik, you need to wait until you get the final confirmation email (then you will get the SMS with the activation code to register CIMB Clicks SG).
@@ZietInvests Thanks Ziet. Just spoke to CIMB Sg & My. The problem is with the Sg$1 interCIMB transfer. I couldn’t do it because my My CIMB A/C got some problem. Will sort it out tomorrow. The steps you gave is fantastic, almost there. Thanks again.
The Fastsaver page stated 'remittance houses such as Wise, Western Union, etc. are not accepted'
You can refer older comments here, it still works until now, you just need to send the DuitNow from CIMB MY
Hi Ziet, thank you for the tutorial. It is really helpful! Do you know if CIMB Sg ever reject the application? Thanks
Hi Mc L, so far I have heard a few viewer got rejected, but its very rare occurence (usually lack of documentation or has something to do with nationality)
Thanks for the information Ziet! I think there is a new criteria where they do not accept transfer from Wise/ Western Union. just for ur note. :)
Hi Ali Yong, they did mentioned that but I did clarify it in my pinned comment for your info! Cheers!
Hi Ziet! Thanks for the amazing video. I have a question, can the CIMB Fast Saver Account receive or transact in USD? Or it will automatically be converted to SGD?
Hi Vivian, the savings account only can receive and send SGD in my knowledge.
May I know if you have any other objective for it?
@@ZietInvests I have some foreign investment income from another broker that I would like to transfer to my new IB account. It's in USD. I'm not sure what I can do as. Any insights from you on how to best go about to lower as much FX cost as possible? Broker to broker is not possible.
@@gnileo99 How much is the amount? You can try fund transfer from your broker to IBKR (I believe there is a function in IBKR for you to receive fund from another broker)
@@ZietInvests Unfortunately this broker that is holding the funds now does not support Broker to Broker transaction. Only TT to a named account.
@@ZietInvests I am planning to make regular small tx below USD 2k per tx. That's why I am looking for cheaper alternatives.
Hi Ziet, thanks for the guide! Just would like to know can I fund my CIMB Singapore account via BigPay which I have had an account? And why aren't you using BigPay?
Hi, i've not use BigPay before (mainly because I dont want to be limited by the wallet transfer limitation down the road), im not sure how it works, can you transfer fund like a debit card? If yes, then why not
@@ZietInvests I'm pretty sure BigPay works as well and if I'm not mistaken it may be cheaper due to lower currency exchange rate
Sorry, was supposed to reply to OP
@@dicksonong4241 Ohhh I misunderstood. From BigPay to CIMB SG, yes.
From BigPay to IBKR (SG) directly then no. (sorry got mixed up with all of the comments haha!)
And yes, BigPay's rate are almost as good as Wise - either should work. Though Wise will be handy moving forward since BigPay has wallet limit/transfer limit restriction etc which might affect your subsequent fundings in the same month.
Hope this clarifies!
Nice video!!!
I got an email regarding the following matters
To confirm Country of Domicile is Malaysia & FATCA Residency Is Malaysia.
What is that and what documents is needed for confirmation?
Hi Tze Yung, that is probably the new SOP, you can just provide them your proof of address (like passport or utility bill or bank statement) and i think that should suffice
Thanks I got the approval
But somehow still no receive the activation code for cimb click registration. Is there anyway to get it
@@weirdtink1 Hmmm try checking your e-mail? Have you gotten your final confirmation email yet?
Ya got it
Dear Customer
Your CIMB Bank account has been activated!
You will now be able to enjoy one of the highest interest rates in town with your CIMB FastSaver account and easy access to your funds via FAST.
CIMB Bank Berhad
Singapore Branch
Check my sms also no in it
If calling their helpline,it would sg number
Thank you for sharing your exp. I’ve one problem . The email said like this “ Your account will be activated within 1 business day if the documents submitted are in order and the initial deposit is received, subject to the bank's approval. Otherwise, the account will be automatically closed within 30 calendar days from your application date. Note: We do not accept initial deposits from Remittance Agencies such as Wise, Western Union etc.”. Meaning im not able to fund it using wise like your video ?
Hi, no worries! still can use Wise, just dont forget to send at least 1 SGD for e-KYC via DuitNow from CIMB Clicks Malaysia to your new CIMB SG account
The reason why they stated that is because too many people forgotten to send that and caused trouble to the CIMB SG branch (Someone else called CIMB SG and got this response) 😊
Application is pending approval. This is after the application has been approved then only can transfer SGD1 right?
i cannot see your singapore account under transfer function
Hi, did u successfully open the cimb sg acc?
Can do initial deposits via wise etc?
Hi ziet, in the website now stated cannot use wise already:
Step 2 - Transfer and Activate
Your CIMB FastSaver account number will be issued instantly upon successful application.
Activate your account by transferring a minimum initial deposit of S$1,000 via FAST:
- from your single personal account with another bank in Singapore* (remittance houses such as Wise, Western Union, etc. are not accepted);
- or from your own CIMB Malaysia Account*.
*Note: The Bank will not be liable for any delays in refund if the transfer is not as per stated above.
Can we use iC only, my passport had expired already
Hi, sorry for late reply, but you can refer to the pinned comment
Hey Ziet! Was just wondering for step 3. How do we know if your sg account has been funded or not? Arent we at this point just blindly sending money there?
“Blind” wouldn’t be a word that I’d use, you are sending money to an account number assigned to you, with proof from the email sent by CIMB SG. Unfortunately there’s no way to check the fund before you done your linkage (you can then see the fund in CIMB Clicks MY). If your CIMB SG application were to be rejected, they will refund your 1,000 SGD back to you. It’s their standard procedure as depicted in the email (not one invented by me).
Personally I’ve been through this, and a dozen more people that I know went the same route and had no issue at all.
I’m not affiliated with CIMB but hope this helps 😊
@@ZietInvests Thanks for the prompt response. Another thing, i kinda did step 4 a lil bit before step 3? I requested for account linking like 20 minutes before i transferred the money to SG (via Transferwise) Would it cause any issues?
@@lowkey8929 shouldn’t have any issue considering the linking would take 1-3 days to be done, they probably taking their own sweet time to approve 😂
As long as you have funded, you have probably done 60% of the work.
The remaining is only
1. Linking
2. Internal Transfer 1 sgd (afterwards)
3. Wait
4. Approved and apply for cimb clicks and you are good to go.
Feel free to DM me on Instagram if you need any help along the way! 😇
@@ZietInvests Thank you for this super helpful video, its been a huge help. Cheers.
@@lowkey8929 I’m glad it did! Have a great day ☺️
Thank you!
You're welcome! 😊 ☺️
Hi Ziet , thanks for making this video ! Seems like you are also an IB user . Does using CIMB Singapore acc the faster and cheaper way to fund an IB acc ? Thank you!
Hi yew, hands down cimb sg helped me a lot in terms of funding! Funding usually take less than a few hours to reach my account, fairly secure since its from sg bank (cimb sg) to sg bank (ibkr), no complains so far!
@@ZietInvests Thanks for prompt reply, appreciate that ! CIMB Msia just asked me to bring my employment letter to the nearest CIMB branch when I applied for a new acc. Is it really needed ?
@@yew108 Did they called you about it? Or was it a SMS?
@@ZietInvests It is written on the CIMB online saving acc application procedure. However, this morning I finally collected my debit card ! Only I/C and utility bill are needed as I am from another city.
@@yew108 Ah okay, couldnt recall for my own since my account was made around 3 years+ ago haha! They allow you to submit additional docs via email?
LIKE!!! Btw want to ask how can i transfer my money from cimb sg to cimb my??
Hi! You can transfer using Wise 😄
Can do the opposite here in this video: th-cam.com/video/ofUpdaXZZRA/w-d-xo.html
@@ZietInvests ok 👌🏻 let me check out the video. Thanks!
@@ZietInvests thanks! Let me go watch the video first 🙏🏻
Hi Ziet, I have a question. I have registered myself, and received the CASA Form. Questions
1) For the next step, do I transfer SGD1000 to the CIMB Singapore account (even its yet to be opened)?
2) Transfer via Transfer Wise, any time frame that I need to do the SGD1000 transfer?
3) Linking CIMB SG with CIMB MY can only be done after the above steps completed ya? Same goes with the transferring SGD1?
Hi Hanafi
1) You can do that before or after linking, up to you. If you do it before linking, you wouldn't be able to see the amount. You can only see the amount after linking the accounts.
2) I believe it's 30 days from receiving your CASA Form, you have to fund at least 1000 SGD from any source.
3) Linking can be done anytime now. 1 SGD transfer can only be done after linking. 1000 SGD can be done anytime, as long as within the 30 days.
@@ZietInvests Hi Ziet, follow up question, any chance that my application for the new account will be rejected at this stage? Scared that the SGD1k will be lost in translation 😁
@@hanafibasri2212 Very unlikely case to be rejected, if really rejected, it will be refunded back to your CIMB MY account. Just perform linking and you should be able to see your 1000 SGD in your CIMB Clicks Malaysia
You mentioned about the transfer from MYR to SGD to have bad FX rates if TransferWise isnt used. What about the other way around? If I want to turn SGD back to MYR, what would be the best way to do it?
You can use TransferWise from SGD to MYR bank 😊
Hi Ziet, can you PM and explain to me nowadays what benefits and merits to set up a singaporean bank account ? I am quite tempted to open one but wish to understand more what other enlightenment did i miss ... thanks
Hi Jia Qing, having a SG bank account allows us to store cash in SGD, and since many international businesses (such as stock brokers) are situated in Singapore, the SG bank account allows us to perform fund transfer in and out for whatever purpose there without incurring much transaction losses since they are local transfers
@@ZietInvests Hi Ziet. Just wondering any tax implications to be aware of?
If 1 wish to further invest through SGD after opening an account, do you still use transferwise or simply just use the e-KYC transfer? Which option is cheaper?
HI, TransferWise option will always be cheaper due to the spot rate FX, even though there is a small fee. I will be uploading a video comparing the cost between TransferWise and using bank to transfer, cheers!
Hi Ziet nice explanation. I almost complete my registration but I didn't get any email nor sms code activation for cimb clicks. I do get a phone call from their cimb sg representative though. So how can I complete and finalize this ?
Hi Farid, here's the steps summary:
> apply for account
> casa pdf form (should have SMS password to unlock immediately)
> fund 1000 sgd via wise or cimb clicks malaysia (if cimb clicks malaysia, please link first, then use "DuitNow/Transfer" to your FastSavers (SA), not "Foreign Transfer")
> apply for linkage from cimb clicks malaysia
> linkage done, send 1 sgd from cimb clicks malaysia if you use wise
> wait cimb sg call you for verification
> wait
> receive final activation email, same time you will get sms on the activation code (sometimes 1 or 2 hours later)
> use the code to register for cimb clicks singapore (website): www.cimbclicks.com.sg/clicks/
> then download cimb clicks singapore mobile app (setup digital token)
>(Optional) after everything is done, you can also link CIMB SG to CIMB MY inside your CIMB Clicks SG > Services > Link my CIMB > Malaysia A/C (for you to be able to transfer SGD to MYR inside CIMB)
You might have to just wait for the final activation e-mail (if i understand your current situation currently) - otherwise feel free to DM me via instagram!
Hi Ziet thanks for summarizing the steps, I already waited for the email activation for a week but still didn't get any response.Should I call cimb sg customer services for this matter.
Hello Ziet! Apologies if you've stated this answer elsewhere in other videos, however, may I know whats the best way to fund my TDA account? Would it be via CIMB SG?
Hey King - no worries! You can only deposit USD or SGD into TDA. As a Malaysian, you can deposit:
1. USD - via Foreign Telegraphic Transfer from MYR bank, or via US bank account (if you have one), or
2. SGD - via DBS / POSB Bank Singapore only. TDA does not accept funding from CIMB SG.
Usually this leaves us with the USD FTT option only
@@ZietInvests Thanks so much for the swift reply! Do you think they'll be able to accept BigPay since it is (i think) recognised as a bank?
@@kinglee7027 Nope, if i'm not mistaken the way BigPay work is you pay BigPay, then BigPay transfer for you - just like Wise, so it is not under "your bank name".
THANK YOU
Most welcome chew keat!