Take the hassle out of relocating when you prep your move with the basics of setting up a new life in the Lion City
There’s plenty to love about living in Singapore – from lush nature reserves to a world-class dining scene, this metropolis is buzzing with heaps to see and do. For those who are making their homes here for the very first time, an exciting new chapter awaits! Before you hop on the plane, don’t forget to sort out the practicalities of moving to a different country (or continent). Need some advice? Then check out our list of top tips and essential information that we’ve put together with help from DBS Bank.
Sorting your finances without fuss
Of course, one crucial step for every major move is setting up a local bank account. Skip the trouble of searching for one with DBS, one of Singapore’s leading banking institutions with the widest network of ATMs and branches, and some of the best perks and rewards here. The DBS Multiplier Account is a multi-currency account that lets you save and make transactions in SGD and up to 12 different foreign currencies. And if that’s not enough to convince you to sign up, account holders will also enjoy up to 2.68% p.a. interest!
Plus, you don’t have to brave the queues at the bank for something as simple as opening an account. With DBS, you can simply apply and submit your IPA (in-principle approval) letter or the documents required online – a debit card will be mailed to you once your application’s been processed.
Honeycombers hot tip: Did you know that in Singapore you’re limited to withdrawing cash from your own bank’s ATMs (and partner bank’s ATMs?) Believe us, the DBS network makes life so much simpler.
How to get around town
Caught up in the whirlwind of moving into your new home? We don’t blame you if you’ve left the basics of planning your commute to the very last minute. Thankfully, we’ve got a nifty guide to Singapore’s public transport, so you don’t have to lift a finger.
You’ll need an EZ-Link card for fare payments while taking the train or bus in Singapore. The POSB Everyday Credit Card not only doubles up as an EZ-Link card, its perks include 20.1% savings on petrol at SPC, as well as 6% on everyday essentials. Sign us up!
Getting the family here
If you’re moving here with your family, you’ll have to sort out all necessary–if tedious– paperwork first. A Dependant Pass is required for any family member joining you in Singapore, and more information can be found at the Ministry of Manpower website.
Choosing the right schools
Depending on your priorities, choosing the ideal school for your kids involves key factors such as location, curriculum, facilities and costs. Luckily, we did the homework for busy parents with our very own School Selector, which covers everything from choosing an international school in your area, to parent reviews and weighing the pros and cons of sending your child to a local school.
We know that moving abroad can get a little overwhelming, but if you don’t know where to start, why not opt for the DBS Expat Programme? This one-stop platform lets you have access to the DBS Multiplier Account , overseas funds transfer services, and benefits ranging from health care packages to housing and investment seminars – and more. Once you’ve got the basics out of the way, it’s time to explore the ‘lil red dot!
Need some advice on renting in Singapore? Watch this space for more insider tips next month.
This article is sponsored by DBS Bank
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.