A question for the experts. When  you transfer larger amount of money from RM to USD/SGD, do you transfer RM30k per transaction  or lesser amount? Currently, I am transferring RM10k/transaction instead of RM30k. Downside is you incur more cost. Is there more scrutiny/risk if transfer RM30k at a time?

I don't know what more cost. Cause moneymatch and Sunway pyramid fees are fixed at RM8.00 and RM1.00/transaction. Unless you are counting amount/RM8.00 or RM1.00.
No issue. Just show them where your money comes from. Moneymatch and Sunway money have asked me for proof of income numerous time, give them bank statement and money will go though.

wow. sunway money might be really bad from next month onwards

moneymatch will be cheaper the more u change. for smaller amounts, wise still cheaper

Hi All.

For those who have been able to open a Maybank SG and CIMB SG account, has anyone been able to add a USD or any other foreign currency account with either of the banks?
I have successfully opened both Maybank/CIMB SGD accounts (And I'm a foreigner here in KL from Canada), but I'm looking to open up a USD account with either of the banks.
Just wondering if anyone has had any success.

Sorry if I wasn't clear but I wanted to open a USD account with Maybank SG or CIMB SG, not in Malaysia.
I think the OCBC route is limited to only a few countries  (Malaysia HK and a few others if i remember correctly), but Canada wasn't eligible.

It definintely is easier if I use my Canada/USA bank accounts but I prefer not to.  Since i gave up my canada residency (not citizenship) when I moved overseas, i don't owe anything to Canada anymore. But if they see large movements in my banks that will ring a few bells and Canada will knock on my door asking for taxes lol.  That's why I was hoping Singapore would be a safe bet. 

But I'll probably look into the DBS route or even the IBKR route as well.  Thanks all for the responses!

Western countries tax on all overseas income.

Non-resident individuals are subject to Canadian income tax on income from employment in Canada, income from carrying on a business in Canada and capital gains from the disposition of taxable Canadian property.

Today, 24 October 2023, Tuesday, is the last day of MoneyOwl's investment services. From 6:00pm onwards, MoneyOwl's investment applications will be disabled. Soon after, from midnight, you will be served fully on the iFAST platform, and iFAST will be your new fund manager and investment adviser.

Below are some points that we will be covering in the webinar:

-Step by step guide to placing buy and sell trades on iGM mobile app
-Placing and amending regular savings plan (previously known as Monthly buy requests)
-Q&A segment to answer your questions and address any concerns that you may have

Here is a summary of the webinar details:

Date : 25th October 2023, Wednesday
Time : 7.00pm – 8.00pm
Registration Link : http://bit.ly/25Oct-walkthrough
Speakers : Ms Toh Zu Mei, Assistant Manager, Business Development
                Mr Wong Weiyi, Director, Strategic Investments


To gain access to this webinar, you will be required to register beforehand.

Wow. Thanks. Not too sure how to identify whether mine is an e-passport. I'm suspecting the image of a circle inside a divided rectangle is the sign its an e-passport.

Help. My existing OCBC account does not allow me to create any account. Don't know why.

If I log into my existing account, both web and app cannot open any account. I need to open an account in OCBC as my current account does not have any e-statement or hardcopy statement. Found out that OCBC accounts opened with passbooks not entitled to e-statements. I can't even change or request for statements anywhere in the app as its just not allowed for my case

I have talked in person to OCBC officer before. Even with an existing account, they will tell me everything cannot apply--and this happen a few times, latest being this year. I guess I will try again maybe next year.

Just a normal savings account. It doesn't have any name. Yeah, may have to close and reopen although I am reluctant to close it.

May I ask when you took picture of the IC, did it ever mentioned scan 'bottom front card' after the 1st image ie front of IC captured successfully?
You only scan 1 front IC and 1 back IC right?

Ramjade  or anyone. Does your Maybank Sg savings account have monthly e-statements? What's the name of the savings account? Am looking for a bank account that has monthly e-statements. Thanks

Was looking at Maybank savings T&C and other details. They have several accounts such as i-savvy savings account, isavvy savings plus account, isavvy savings account-i, save-up account, privilege plus savings account and Ar-Rihla Regular Savings Account-i. From what I could understand, it seems that none of them actually have monthly e-statements.

Why say so Ramjade?

on the contrary, i think for malaysians not working/studying in singapore, maybank is the only bank that offers debit card.

Did you put a transaction limit on how much can be withdrawn from the bank using card? Or did you lose the card because usually for debit card, I think theft can only be done through ATM?

Need help. TOS, Ramjade, anyone? How long do we have to wait for the CIMB Singapore activation code after we receive email that our account has been activated? Thanks. Is it days or simultaneously?