QUOTE(hansapkuay @ Sep 18 2009, 06:13 AM)
hi everyone,im new to forex.n i plan to fund usd100 into my interbank acc.
can anyone suggest me which bank is best to do the tt(cheapest) n how much is overall cost i need to pay.is cimb ok?
im guessing usd100= rm370+rm35(bank fees)=rm405? is this correct?
n what should i choose in the form.thanks
It is not worth to use wire for small deposit amount since when your money reaches there, it will be deducted for intermediary bank fee such as $25... so total credited in your account would be $75 only.
If you are using M2U, you will be charged for RM10. Effectively, your rate per USD is = $100x3.50 + 10 / $75 = $4.80
When you wire back, you will need to pay the withdrawal fee to interbankfx lagi... then reach your bank, kena deduct $5 lagi.... hahaha.. you will poor ....