Search found 211 matches

by mjl
Thu Mar 22, 2018 5:58 pm
Forum: Money Matters
Topic: Multicurrency accounts
Replies: 38
Views: 8702

Re: Multicurrency accounts

Do you know how long it takes for a student to set up a bank account in the UK (with a UK bank)? Basically, how much cash will my daughter need to bring to use until her bank account with online banking facilities is activated? Generally it should take less than 2 weeks, for the bank to send you th...
by mjl
Wed Mar 21, 2018 4:51 pm
Forum: Money Matters
Topic: Multicurrency accounts
Replies: 38
Views: 8702

Re: Multicurrency accounts

Do you know if the DBS MCA can be a joint account? Yes DBS eMCA can be a joint account. But having a single name (your child’s) has the advantage of no fall-below fee till child is 29 years old, else you will need to maintain S$3000 or equivalent amount to waive the monthly charge. Note there is a ...
by mjl
Sun Mar 18, 2018 5:42 pm
Forum: Money Matters
Topic: Multicurrency accounts
Replies: 38
Views: 8702

Re: Multicurrency accounts

DBS eMCA account is quite straightforward, you can convert S$ to £ whenever the exchange rate is attractive and keep in the eMCA. When ready to remit, use UK remit which is free. For those with child studying in UK, note that buying return air ticket from uk side is cheaper. Eg Flying by SQ Sg-Londo...
by mjl
Sat Mar 17, 2018 10:10 pm
Forum: Money Matters
Topic: Multicurrency accounts
Replies: 38
Views: 8702

Re: Multicurrency accounts

For the child to set up a uk acct when he is in UK, how did your boy settle the daily expenses n hostel charges while waiting for the bank account to be operative? The uni will understand that international students need time to set up uk bank accounts, hence hostel charges and school fees are prob...
by mjl
Fri Mar 09, 2018 2:06 pm
Forum: Money Matters
Topic: Multicurrency accounts
Replies: 38
Views: 8702

Re: Multicurrency accounts

Thanks! But sending £ from a Singapore a/c to a UK a/c would likely incur fees? And if the bank (say, HSBC) has a presence in the UK, then the ATM fees will not apply? I was under the impression that avoiding these fees was the reason for the "joint account" strategy. Check this: https://www.dbs.co...
by mjl
Fri Mar 09, 2018 10:29 am
Forum: Money Matters
Topic: Multicurrency accounts
Replies: 38
Views: 8702

Re: Multicurrency accounts

Anyone with experience of multicurrency accounts? Specifically, I've heard this is used by parents with a child studying overseas; parent and child sharing a joint account. Presumably, the parent can choose when to covert S$ to foreign currency (depending on exchange rates), and the child can draw ...
by mjl
Mon Dec 11, 2017 12:48 pm
Forum: Tertiary Education - A-Levels, Diplomas, Degrees
Topic: Is there a long term demand for accountancy grads?
Replies: 16
Views: 6428

Re: Is there a long term demand for accountancy grads?

Just curious, does anyone have any idea of the pay range for fresh graduate in big 4 and in stat board (accounting related)? From what I heard, big 4 starting pay is $2.9k. Isn't this much lower than the median pay for fresh graduate nowadays? It is true that the big 4 starting pay is rather low, $...
by mjl
Sun May 21, 2017 3:12 pm
Forum: Tertiary Education - A-Levels, Diplomas, Degrees
Topic: Starting salary
Replies: 48
Views: 22448

Re: Starting salary

lee_yl wrote:Comp Sci/Info Comms is in fashion with the Smart Nation initiative and the hype about Big Data and Deep Learning. Hearsay DSO / GovTech offers up to $5K for candidates with good Hons in the relevant field.
Yes, you are right. Not hearsay.
by mjl
Sun May 21, 2017 10:59 am
Forum: Tertiary Education - A-Levels, Diplomas, Degrees
Topic: Starting salary
Replies: 48
Views: 22448

Re: Starting salary

My starting salary (gross) was $1600 in 1986, after the pay reduction because of the recession. I was at NTU for a talk yesterday, and they flashed a table showing that starting salaries were around $3K to $3.3K for graduates from most courses. You will be surprised, those you mentioned above are j...
by mjl
Sun May 21, 2017 8:45 am
Forum: Tertiary Education - A-Levels, Diplomas, Degrees
Topic: Starting salary
Replies: 48
Views: 22448

Re: Starting salary

That's very fine distinctions! It sounds like it's going against the trend now? Is the difference only because of the class of degree or are there any other differences in experience, other skills etc between the 3? All 3 are fresh graduates and have done internship with the organisation. The civil...