Was using apps and also website with my mobile just now but couldnt find it, at the end i have to enter as desktop version in order to see all the full function... lol thanks alot!

aba9785, thank you for sharing your experience of opening and using Instarem Singapore account (allowing you to transfer and convert SGD to other currencies).

1) Are you a Malaysian working in Singapore? Most likely, your Singapore employment pass allows you to open an Instarem Singapore account, right?


2) Looking at the transaction description in your Malaysia savings account, can you tell how Instarem transferred your MYR into your Malaysia savings account? Interbank GIRO (IBG), or Instant Interbank Fund Transfer (IBFT)?


3) Do you have a Instarem Malaysia account (allowing you to transfer and convert MYR to other currencies)?


Thank you for sharing your experiences. Although many of us have Instarem Malaysia account, many of us do not have Instarem Singapore account, because many of us are not working in Singapore.


My concern is that once the SGD-to-MYR promotional rate is not extended by CIMB Singapore in year 2020, we have to rely on the more expensive SGD-to-MYR conversion rate, imposed by TransferWise.


I do not have the figures. However, I am guessing that SGD-to-MYR conversion rate imposed by Instarem Singapore should be better, than the rate imposed by TransferWise. In short, you are in a much better position, than many of us here.

This post has been edited by kart: Dec 27 2019, 06:45 AM

I checked my bank and i think the statement is not yet ready, but here's what I got for TransferWise (again from Transferwise SGD to MYR)

-Tranglo Sdn Bhd .
Interbank Giro Transfer
Remittance Bank - Alliance

- TransferWise Malaysia
Interbank Giro Transfer
Remittance Bank - UOB

Will update on the InstaREM transaction once my bank statement is ready (might be next year cos this is a basic saving account)

Nope, I don't have InstaRem Malaysia account.
Will try to open it next week.



I have a question, you all are transferring MYR to SGD? or SGD to MYR?
What's the reason/purpose?
Would it be better to use BitCoin instead?

here's the update for InstaRem (from SGD to MYR)

-InstaREM Malaysia SD.
Interbank Giro Transfer
Remittance Bank - OCBC

transferred money from isavvy to fastsavers to activate the account since 24th, but still no activation sms. emailed them a couple of days ago still no action.

oh my goodness, i got charged sgd2 for maybank isavvy for falling below sgd500 daily average per month although it really isn't my fault. it got approved on 28 november, however, by the time it's fully activated it's already like 21 december. subsequently i loaded in sgd500 and obviously the daily average will not be more than sgd500.

anbody managed to get waiver?

This post has been edited by alexanderclz: Jan 1 2020, 09:52 PM

can email them about this as they are very efficient. but... dunno if they want to layan SGD2 fee. do you have difficulty in topping up another SGD2?

I have much more than sgd500 inside, just not enough for average daily balance more than sgd500 within those few days

tried my luck, and got a call back to verify and to submit waiver for the sgd2. lol.

Which email address pls?

ok thats a surprised. congratz

can email to this address. their CS is very good.

callcentre@maybank.com.sg

So has CIMB sent you the activation sms?

with regards to this, i have gotten the waiver.


with regards to this, they did activate the account and sms after probably 3 days of follow up emails. maybe a bit slower cus i transferred from isavvy to fastsavers instead of from cimb malaysia to cimb sg.

Okay, I have linked the sg account with local cimb clicks. And I can only view the balance in Fast Saver account.
What needs to be done in order to enable transfer of the SGD balance?

CIMB sg no more good rate. Who wants SGD, can ask me

Still closer to market rates then money changer.
Hope they keep it up.

Same thing man, I found that cimb MY to SG costs 3090, where instarem costs 3040. I also did it using isavvy

For CIMB , changing from RM to SGD, they give better rates than money changer? Even at money changer rates very good already..... most Malaysian banks charge 1% to 2% higher thN money changer ... can you confirm?

SGD to MYR.
I changed yesterday at 3.020
I went to JB see changer giving out 3.012

PM if want change best rates

Actually where in SG to search for the best money changer rates?