And... Cheapest way to fund 1k sgd?

After wire sgd 1k, how much is needed to keep cimb sg account alive?

You use the forum for so long already dont know can edit post?
cheapest way is to use fintech like sunway money, instarem etc. Use at your own risk.
safest and fastest is transfer from cimb local to cimb sg and vice versa.
There is no minimum balance stated. Better check the website yourself in case there is any updates.

Haha I think Alex trying to get money out of CIMB SG account back to MYR, not the other way around. SunwayMoney/BigPay the usual cheapest fintech to go from MYR to SGD not applicable here.

SunwayMoney is one way only I think? BigPay never tried if SGD to MYR is possible or favorable, maybe can check BigPay thread, but googling around it seems like TransferWise is the best option.

Parking for more answers from others

did u manage to resolve yours? i tried to set up and it keeps saying i dun have internet connection whilst im already connected.. very frustrating

Any DBS account holders here can confirm whether they got charged $10 in handling fees when receiving money from overseas?

Just to update you - I managed to empty my CIMB SG account down to 0 SGD and still fine so far.

Funding wise, so far I am jumping back and forth between Wise and BigPay, I don't have SunwayMoney, can't be bothered. When fees >RM5 on Wise usually its better on BigPay in my experience, but Wise rates is usually better, so still have to depend on time of day and compare during transfer. Both method is better than CIMB-MY ASEAN remit.

For bringing back money, CIMB SG has an option to transfer to CIMB MY with no fees. I've heard the rate can even beat TransferWise. I am currently linking CIMB SG to CIMB MY, will try it in the future, but for now I am using TransferWise to bring it back with acceptable fees and good rates.

This post has been edited by Hoshiyuu: Mar 19 2021, 10:37 AM

Bigpay problem if you transfer more than RM10K. For me I always use Sunway money cause it's the cheapest Vs Wise and Bigpay. Not to mention it's faster than Bigpay.

Thanks for the info! In that case, I might give Sunway Money a serious try once I am free to do KYC in person, my laziness to visit them is mostly why I went with other option for now. (That and BigPay have CC cashback )

Hopefully their promo rate of RM1 fixed fee stays - otherwise they will likely lose out to BigPay I think @ RM10 per transac?

This post has been edited by Hoshiyuu: Mar 19 2021, 11:13 AM

You don't need to kyc. Their KYC is all online.
I don't look at fees. I look at final SGD that I will received say per RM10k transfer.

Damn, I heard wrong then. Should have just gave SunwayMoney a try. Thanks again for the great info.

And yeah, I was comparing the final values across CIMB remit, BigPay, Wise - I'm going to add Sunway to it now, and given what you said Sunway is likely going to be best.

Now if only there is similar good alternative for going from SG to MY...

Can Sunway cimb myr to sgd first 1000? If yes I try

I don't see why not (CIMB-MY -> SunwayMoney -> CIMB-SG right?) gogo try and report back

Only option for us is CIMB SG and Transferwise

This post has been edited by Ramjade: Mar 19 2021, 12:36 PM

Ya resolved it already. You need to allow notification in your phone setting for cimb sg.

For MYR to SGD, the 1000 SGD can be funded from any method (Wise/BigPay/InstaRem/Sunway Money/CIMB) - just go for whichever that gives the best final SGD amount. But if you just opened account, need to transfer at least 1SGD from your CIMB MY > CIMB SG account for eKYC purpose.
For SGD to MYR, it's either CIMB SG > Wise > Malaysia; or CIMB SG > CIMB MY

if you're interested, read this step by step: Ringgit Freedom: Opening CIMB Singapore Account without visiting Singapore for Malaysians (step-by-step guide included)

So first 1000 must use back cimb conversion in house Betul?

ok thanks!

Nope, the 1000 can use fintech for best rates - just need $1 in house for e-KYC

Edit: Copy pasted from my reply in other thread-

Random midnight snapshot for those curious on how to bring money back from IBKR->CIMBSG->CIMBMY

TransferWise:


CIMB SG -> MY self account remit



The CIMB SG->CIMB MY transfer rate is pretty good! For MYR->SGD the usual path is still better.

This post has been edited by Hoshiyuu: Mar 22 2021, 02:08 AM

Ya first $1,000 can be from fintech.

Wa serious cimb in house so good? No hidden fees kah