When you arrive in Singapore, you can go through the formalities and change your address at the Singapore Business Department of Bank of China with your passport, visa and confirmation letter from BOC Singapore. After activating your account, you can withdraw cash and apply for a local money order or check.
You can remit money to your account before going to Singapore, and the accumulated remittance amount cannot exceed S $6,543,800+0,000. After activating the account, there is no limit on the remittance amount.
From the cost point of view, compared with other foreign banks in Singapore, the minimum deposit required by BOC's international students in Singapore to open an account is lower, and the small management fee can be exempted as long as the deposit is not less than S $500. Besides, BOC Singapore is the only bank in Singapore that handles direct remittance from China to Singapore. Remittance to the account at China Bank outlets can save more remittance costs. Bank of China Singapore Branch has six outlets, which are close to different subway stations and have convenient transportation.