What usd payment are u referring

Can. International transfer. Fee Only RM 8 Ringgit.

How's the exchange rate for RM to SGD?

Exchange rate to SGD using Bigpay sucks. Not worth it even though the transfer fee is RM8. You lose out either way.

For SGD, I still prefer to use Instarem. Transfer fee is only 0.45% and the exchange rate is very close to XE's rate. You can check and compare. Been using this method to transfer my funds to SG for several months now.

Not Much different.

BigPay
3085.86 = 1000SGD
Instarem
3085.14 = 1000SGD
XE Rate
3067.83 = 1000SGD

BigPay Can use CC to transfer.
Instarem only FPX/bank transfer.

If me I will prefer Using BigPay instead of instarem. I use instarem for USD Transfer only which bigpay doest support USD.
+ some Cashback CC.

Ok, maybe they adjusted the rates for Bigpay. Let me check again tomorrow and see if it is still that close. If yes then I might reconsider my options. The downside of using Bigpay to transfer is the low monthly transfer limit.

Hongkongers rushing to open accounts in SG :-

https://www.msn.com/en-sg/money/topstories/...AAIUUyJ?ocid=sw

No wonder SGD keep rising for the whole week lo
Making me hesitate to transfer money to SG due to the high rate

Transfer only. If hope to wait for it to come down is practically never. Unless people start going out of jobs in Singapore.

Hence I continue to transfer again. Now baru transfer halfway, got another half to go, hope it doesn't rise too fast

Actually,... if the MAS truely wanted to ease the SGD, the policy band should have been narrowed on October 14,.... hence, forcing the SGD to keep within the tilted down band and not allowing it to move freely,..... upwards.

I am one of the 'significant few' !

My SGD dividends will suffer !

BUT,..........my money available to use in Malaysia and in Australia and in Japan will be MORE !!!!!!!!

Mind explaining why your SGD dividends will suffer? In what sense?

Rentals collected by Trustee-Mgrs for my REIT counters are denominated in foreign currencies. Dividends are paid out in the SGD. When conversion takes place to pay unitholders their dividends, the resulting SGD dropping-in is lesser compared to the previous corresponding period.

Hedging cannot help much in some ctrs,... egs, Frasers Logistics and Industrial Trust (the AUD-to-SGD), EC World REIT (the RMB-to-SGD) and iREIT Global (the Euro-to-SGD). You can see this effect from their recent quarterly reports....

Hence,... I will be forced to take do some workarounds.

Ah, if you put it in that sense then I agree. Stronger SGD will definitely take a hit on SG Reits due to their international nature.

3.04 for SGD to MYR in the money exchange yesterday. It was 3.01 for the past weeks.

3.07 on cimb SG to climb my

Keep in mind for BigPay, need to take into account RM8 transfer fee unless it's your first transfer which is FOC

can CIMB Saver account be funded by third party FAST transfer?

I forgot how I opened it last time. Is it using this form?

https://www.cimbbank.com.sg/en/personal/for...fastsaver.html#!

This post has been edited by jack2: Oct 22 2019, 05:23 AM

Lol SGD to MYR? You should be happy then, why pening?
MYR to SGD was 3.05 for the past week and still rising

If the rate for Bigpay can stay as close to Instarem as this, RM8 is still cheaper than Instarem's 0.45% and can be covered easily with a transfer of RM1,800 and up.
I transfer at least RM2k each time so there is a cost saving for me over the total cumulative amount.

Should not be a problem though as it is not a nominee/trust account. Usually only such accounts need inward transaction from your own account.
Many have successfully remitted funds into Fast Savers using Instarem.

Based on my calculation I only see BigPay getting cheaper around SGD3,000 mark, unless my formula is incorrect. At 6:50-ish pm:

For SGD1000 (Instarem cheaper)
BigPay
RM3,086.44 + RM8.00 = RM3,094.44

Instarem
RM3,089.88 (fee inclusive 0.45%)

For SGD2000 (Instarem cheaper)
BigPay
RM6,172.87 + RM8.00 = RM6,180.87

Instarem
RM6,179.76 (fee inclusive 0.45%)

For SGD3000 (BigPay cheaper)
BigPay
RM9,259.30 + RM8.00 = RM9,267.3

Instarem
RM9,269.64 (fee inclusive 0.45%)