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Putting money in Singapore is easy. First of all you need to open an account with any of the banks in Singapore. If you are an offshore client, meaning you don't stay or work in Singapore, you have to contact certain banks who specialize in offshore banking. Opening an account with these banks are easier and service standards are higher as they understand the needs and constrain of offshore clients. And you need not come to Singapore to open the account.
However, opening an account is not that straight forward as you need to provide information of your background. If you have a huge sum of money coming in (USD500,000 or more) at once, the bank will have to ask you more information on the source of the fund and you need to submit documentary proof in some cases. The bank call this process, know your client (KYC). You need to pass this test, to be able to open an account.
What else can I help you with?
How much money does an animator earn in Singapore?
31,657 Singapore dollars
How do you transfer money from India to Singapore?
You can carry all your money in the bag..lock the bag and then carry to singapore...ha ha You can carry all your money in the bag..lock the bag and then carry to singapore...ha ha You can carry all your money in the bag..lock the bag and then carry to singapore...ha ha
How does Singapore earn money from overseas?
Singapore earns money from overseas by exporting products like computer parts, electronics and chemicals.
How much it cost when you send money from Philippines to Singapore by western union?
how much charges if i send money to singapore?35,000 pesos
If I mail to Singapore do you state Singapore Japan?
No. Singapore is an independent country since 1965. It is not a part of Japan. So if you want to mail to Singapore, just put Singapore and the address.
How much can a dietician in Singapore earn?
The average amount of money that a dietitian earns in Singapore is $36,000. There is no formal training to be a dietitian in Singapore.
Is the UK better than Singapore?
no...i have been there and there is lot of things that Singapore is better at than Singapore,i mean money-wise...they have better facilities
Can you carry TV from Singapore to Malaysia?
No. It is too heavy to put a TV on a vehicle to get back to Singapore
How do you receive money from Singapore instantly?
You can receive money instantly from Singapore using the RegionLink Instant Funds Transfer method and at the same cost as that of Telegraphic Transfer.
How will the youth Olympics affect Singapore's economy?
It makes foreign people come to Singapore to cheer for whoever they support and spend some money in Singapore.
Why did the Indians came to Singapore?
The Indians came to Singapore because they want to earn money or seek a better life .
Do Singapore money changer accept Indian rupees?
Official money changers in Singapore will accept Indian rupees. There are usually official money changers at the airport that will exchange all monies along with shops in the city.
