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Open saving account for salary
Posted: Thu, 01 Sep 2022 7:07 am
by dnutron
Hi expats. I’m relocating to SG for work this November but i have questions in mind.
While getting my EP approved, I would need a bank account for my employer to cash in salary. But looking through Maybank, UOB and etc banks, they all required proof of residence which I do not have until November.
How did you guys create an account?
Side question: how did you pay your owner for renting a house/room in your currency/SGD the first month + deposit?
Re: Open saving account for salary
Posted: Thu, 01 Sep 2022 8:15 am
by smoulder
I used my office address. Worked out fine for DBS back in 2013
Re: Open saving account for salary
Posted: Thu, 01 Sep 2022 9:43 am
by malcontent
dnutron wrote: ↑Thu, 01 Sep 2022 7:07 am
Hi expats. I’m relocating to SG for work this November but i have questions in mind.
While getting my EP approved, I would need a bank account for my employer to cash in salary. But looking through Maybank, UOB and etc banks, they all required proof of residence which I do not have until November.
How did you guys create an account?
Side question: how did you pay your owner for renting a house/room in your currency/SGD the first month + deposit?
You should not need a bank account before your EP is approved. Any bank will at least need to see your IPA letter.
Ask your employer, but I believe it might not as urgent as you think — it can usually wait until you have boots on the ground here.
Maybank is not very expat friendly unless you are Malaysian.
UOB has the most red tape among the 3 local banks. OCBC is a little more fast and loose, but if you have your ducks in a row, I’d recommend DBS which is the more straight laced of the 3.
Landlords used to receive checks or cash, but nowadays electronic transfer is preferred. Since you don’t have a local account, you can just send the transfer via Wise.
Re: Open saving account for salary
Posted: Fri, 02 Sep 2022 5:08 am
by dnutron
malcontent wrote: ↑Thu, 01 Sep 2022 9:43 am
[quote=dnutron post_id=871609 time=<a href="tel:1661987249">1661987249</a> user_id=454649]
Hi expats. I’m relocating to SG for work this November but i have questions in mind.
While getting my EP approved, I would need a bank account for my employer to cash in salary. But looking through Maybank, UOB and etc banks, they all required proof of residence which I do not have until November.
How did you guys create an account?
Side question: how did you pay your owner for renting a house/room in your currency/SGD the first month + deposit?
You should not need a bank account before your EP is approved. Any bank will at least need to see your IPA letter.
Ask your employer, but I believe it might not as urgent as you think — it can usually wait until you have boots on the ground here.
Maybank is not very expat friendly unless you are Malaysian.
UOB has the most red tape among the 3 local banks. OCBC is a little more fast and loose, but if you have your ducks in a row, I’d recommend DBS which is the more straight laced of the 3.
Landlords used to receive checks or cash, but nowadays electronic transfer is preferred. Since you don’t have a local account, you can just send the transfer via Wise.
[/quote]
Looks like you have provided informations that I need. Thanks sir.