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Are BANKS in Malaysia & Singapore SAFE? ... I still keep SOME MONEY in banks. Find out WHY?
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World Banking Crisis! 😱 With the current banking crisis and the latest fiasco in the global financial system, I have been getting some questions about money from friends and families. Many of the questions were about how safe are your monies currently deposited in the banks.
While I am not an expert (and I certainly dun profess to be one!), a bit of research online came up with some interesting answers so I thought I create this video and share what I found out. Now the information shared is tailored for resident of Malaysia and Singapore, but I do believe the same concept exists in other countries.
If you're a resident of Malaysia or Singapore, then great! The information, views and links below are specifically meant for you. For viewers from other countries, please do check with your own financial regulators on the safety net provided in your country. I would think they are very similar in concept but its important you get the facts right before committing your finances.
This is the first time I have done a video of this nature so please forgive me for any errors or mistake I may have made. The video is meant for entertainment purposes but I hope the information shared will steer you in the right direction should you have qualms about the current banking climate. In any case, my thanks to all for taking the time to watch this video. You have my love respect and friendship. Cheers! 🥰
#fiatcurrency #ringgitmalaysia #singaporedollar
DISCLAIMER
Do note the information shared in this video is accurate as of March 2023. The views shared are my opinions only and should not be looked on as financial advice. I am not a financial expert nor claim to be one. Please do your won research, exercise due diligence and make your own decisions with regard to your finances.
CHAPTER TIMESTAMPS
0:00 Intro
2:08 Malaysian Banks
3:51 Singapore Banks
5:50 My Thoughts
6:52 Outro
FURTHER INFORMATION & LINKS
* Click on the link below to visit Perbadanan Insuran Deposits Malaysia (PIDM) website:
* Click on the link below to visit Singapore Deposit Insurance Corporation (SDIC) website:
* Background music from Youtube Audio Library:
* The Nexus Riddim by Konrad OldMoney
* Rain Fuse by French Fuse
* Mournful Departure by Asher Fulero
* Boardwalk by TrackTribe
While I am not an expert (and I certainly dun profess to be one!), a bit of research online came up with some interesting answers so I thought I create this video and share what I found out. Now the information shared is tailored for resident of Malaysia and Singapore, but I do believe the same concept exists in other countries.
If you're a resident of Malaysia or Singapore, then great! The information, views and links below are specifically meant for you. For viewers from other countries, please do check with your own financial regulators on the safety net provided in your country. I would think they are very similar in concept but its important you get the facts right before committing your finances.
This is the first time I have done a video of this nature so please forgive me for any errors or mistake I may have made. The video is meant for entertainment purposes but I hope the information shared will steer you in the right direction should you have qualms about the current banking climate. In any case, my thanks to all for taking the time to watch this video. You have my love respect and friendship. Cheers! 🥰
#fiatcurrency #ringgitmalaysia #singaporedollar
DISCLAIMER
Do note the information shared in this video is accurate as of March 2023. The views shared are my opinions only and should not be looked on as financial advice. I am not a financial expert nor claim to be one. Please do your won research, exercise due diligence and make your own decisions with regard to your finances.
CHAPTER TIMESTAMPS
0:00 Intro
2:08 Malaysian Banks
3:51 Singapore Banks
5:50 My Thoughts
6:52 Outro
FURTHER INFORMATION & LINKS
* Click on the link below to visit Perbadanan Insuran Deposits Malaysia (PIDM) website:
* Click on the link below to visit Singapore Deposit Insurance Corporation (SDIC) website:
* Background music from Youtube Audio Library:
* The Nexus Riddim by Konrad OldMoney
* Rain Fuse by French Fuse
* Mournful Departure by Asher Fulero
* Boardwalk by TrackTribe
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