i would say exchange some but not all, at least that is what i am doing now

Yeah, feel like I should at least transfer some as well. Gotta check if it's worthwhile because I'm not sure if banks charge favourable exchange rate for that.

Anyone with relevant experience they can share?

Yeah, feel like I should at least transfer some as well. Gotta check if it's worthwhile because I'm not sure if banks charge favourable exchange rate for that.

Anyone with relevant experience they can share?

if u have any friend working in singapore just exchange some with them. this is the easiest way...

Avoid bank. Use money match. Cheaper exchange rates than what banks give.

You pay more if you go via banks

Yeah, I do have. But if not mistaken, I can't send RM to them and have them bank in SGD for me as well because my bank, OCBC is very strict in me transferring money from Malaysia to any account in SGD, vice versa

Is this the case with other banks or it's only OCBC?
I haven't heard of money match but I see it's being mentioned so many times here. Perhaps will look it up.

Avoid bank. Use money match. Cheaper exchange rates than what banks give.

You pay more if you go via banks

if u have any friend working in singapore just exchange some with them. this is the easiest way...

Hi guys, this thread was brought to my attention by a friend of mine.

I am the CEO of MoneyMatch and I just wanted to inform you guys on how the banks make money on transfers.

It is a composition of FEE + FX Spread.

Most of the time the FEE is negligible to the bank and they make the most money on the FX Spread as it is reflected as a percentage on notional ie 1% or 2% on total amount.

Just wanted to let you guys know that even if its ZERO FEES, watch for the FX Spread.

A good indication would be to benchmark it against XE or GOOGLE.

Not going to push my agenda here, just pure education.

have u used their service ? kindly comment.

Open account with them already. Going to use once can get SGD10k. No money for SGD10k. Showtime have use. And he gave positive review for it. When you aren't got time to go down SG, you need another way to transfer money. And going by banks is definitely out of the question for me. 

have u used their service ? kindly comment.

I used their service before. Took less than 2 days to be verified via e-kyc. Money transfered in less than 2 hours after order is made and payment completed.

once shot sgd10k. that is quite risky too. do you knw the service provider well ?

as for me, I will go down once in 6 mths. just go for a window shopping as well.

what is the min amt to transfer ?

As long approved by BNM, got good reviews from their customers I am perfectly fine with it. Most important is approved and licensed by BNM. Sometimes it's better supporting this kind of companies than enriching bank shareholders. Support small upcoming companies than big fat companies who charge you markup rates

what is the min amt to transfer ?

Yeah, I do have. But if not mistaken, I can't send RM to them and have them bank in SGD for me as well because my bank, OCBC is very strict in me transferring money from Malaysia to any account in SGD, vice versa

Is this the case with other banks or it's only OCBC?
I haven't heard of money match but I see it's being mentioned so many times here. Perhaps will look it up.

Aiyah. So simple. Bank in RM to their Malaysian bank account.  They bank in SGD to your SG bank account.

Hi guys,

I called maybank malaysia and they told me the iSavvy is no longer available, so if I were to go to SG as a tourist, can I still open a maybank account there and link it with my maybank malaysia account?

No need to call. Just print out the forms, submit it to the correct branches.

No cannot open from SG.