Yes MY - > SG OK. Issue is you need Instarem SG account for SG - > MY. They need you to be working/studying theere with address. I was denied opening account even with SG bank account.

That leaves transferwise and Cimb sg. Transferwise one account for all countries As long as you managed to open account you open account you can transfer money from and to any countryn

0.6% for SG - > MY.
I used it to transfer USD to SGD and it arrive in few minutes and no extra charge. The amount I wrote for recipient is exactly the same amount I get.

With transferwise, the money never leave the country. They just do a local transfer to you from their local bank account. So no incoming charges.

OK la. Few dollars let them earn. As long cheaper than banks.

No one uses HSBC? it's pretty easy to do the transfers and stuff

One you need to be priority customer which majority of the people are not. Second transfer using banks means you get less SGD per RM or less RM per SGD. Where the excess goes to? Right into the bank pocket. Sorry I don't like to give banks free money.

hmm so which avenue do you use to transfer money over?

and is this method feasible for larger amounts? say like 5-10k USD per month

Instarem is fast to process?

Meanwhile I use CIMB SG to get instant credit to my CIMB MY. Rate is good too. 1-2 cents above other Banks par value.

Yalo. He always perli me and hates banks

Instarem for MY - > SG
As long as got proof of money when instarem ask for proof no issue.

I transfer like every 3-4monthly. But I only do MY - > SG. Never do SG - > SGD.

If before cut off time, money will appear same day.

I don't perli you cause very strange all of us got no issue with transferwise but you had issue with them until they black list you.

I don't hate banks. I just don't like giving free money to banks. Where ever I can save by not giving free money to banks, I will take it. Banks are not family members.

yes , fast..today transfer, tomorrow get the money

LOL, there's quite some conversations since I was asleep, for CIMB sg, it is ikut the bank conversion rate right?
Guess CIMB will be hefty for larger amount, while transferwise's 0.6%, makes it worthy up to $2500, as more than that we have M2u sg flat rate of $15% dah

Cimb SG rate is not bad even though is bank rate.
Cimb MY have bad bank rate.

You are forgetting maybank markup the exchange rate + certain % fee (min SGD15). Now compare that with Cimb SG vs Transferwise rate. You can always checkout transferwise rate on their website. What you key in for recipient is what your recipient will get.

Does anyone know if there is any issue if the IC address is not the same mailing address when opening either maybank isavvy acc or cimb sg?
When i opened an acc with OCBC MY, they requested proof of address. Just wondering, if sg bank acc will have this issue.

You may attach an utility bill/bank statement with your name and the mailing address if different from IC

Hi, do you have any good Singaporean bloggers to recommend ? would like to read their blogs. Thanks.

any other service charge?

Investmentmoat
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Claim no service charge but need to check their exchange rate vs Transferwise.

This post has been edited by Ramjade: May 27 2019, 09:13 AM

transfer wise hv to open ac etc etc..

in case emergency tot CIMB SG will be faster if only the 1 / 2 cent difference.
just need to know if any hidden charges

Only CIMB SG no need work permit/employer to open account right ? I have a CIMB MY account.

No need service charge. You get the real time spot rate. Currently 3.04+

Their opening account all online. Keep in mind Cimb SG only can transfer money from SG to MY. The current cheap rates is a promo. Not a feature. Utilised it while promo is on going. With transferwise can accept money and transfer money to and from anywhere in the world.


Valid for priority customer only or regular customer?

I don't know. I thought is same for everyone.

Yours are not at this rate?