None of the above. Always use Sunway money. They give the best rate out there compare to everyone else.

While Sunway Money rates are better, I notice that the SGD always take 1-3 hours to appear in my SGD bank account. Wise might give poorer rate but the transfer is instant.

Not sure if you encounter the same situation.

I don't care about the timing. I only care those who can give me the best rate. 3h is acceptable for me.

CIMB has better rates when I checked an hour ago

CIMB sg to CIMB yes. Not CIMB my. CIMB my always have lousy rates. Once of these days I check and see.

how to use sunway money? the few time i transfer i just WISE...

Register an account here: https://sunwaymoney.com/

Once your account is set up you can transfer directly from the homepage. It should be fairly straightforward.

Take note that Sunway Money has a slightly different fee structure. They charge an extra "RM 1" service fee, unlike Wise or Instarem which include the fees together with forex markup.

So, when you compare Wise/Instarem and Sunway Money rate, to be accurate, you must always ensure Sunway Money's initial value in MYR is RM1 higher than Wise/Instarem for better accuracy. E.g. RM 2001 in Wise to SGD compared with RM 2000 in Sunway Money (RM 2001 deducted by Sunway Money during FPX transfer).

TQ.. will try.

who would've guess nowadays transfer become cheaper than going money changer...

Open account with them. Perform ekyc on their app. If you free go face to face KYC.
eKYC Rm30k limit
Face to face RM50k

I am poor fag hence RM30k more than enough for me.

That's why I never fly to Singapore anymore with so cheap rates from Sunway money.

This post has been edited by Ramjade: Dec 21 2022, 05:58 PM

i just went SG jalan jalan makan makan..
bring only SGD50 cash.. the rest all use card

who dare transfer so high amount.. i just do small amount whenever free..

I have an USD account receiving my overseas earning regularly in Singapore bank. I would like to know what are the cheaper alternative of transferring it back to Malaysia?

Only way to bring back USD from sg at cheap rate is via Wise.

Yes and no. Yes if you want cheaper. Cause you can bank in USD and DBS rates are better than Malaysia banks
No cause you can direct wire money into TD using Malaysian banks. Whether they reject the transaction is another question. Heard some banks in Malaysia block transaction to TD cause it's blacklisted by Malaysian govt.

You can try do a FAST transfer of SGD100. Worse come to worse the money will be refunded to you.

If you scared to do a FAST transfer just drop them an email and see.

This post has been edited by Ramjade: Jan 3 2023, 01:23 AM

FAST is very fast

Wise rate is nice but they charge much higher transaction fee though, not sure if it is still cheaper overall compare to bank.

Last I check SGD it's cheaper Vs using DBS banks. But of course CIMB sg beats wise, DBS in terms of final amount received.

https://www.sinchew.com.my/20230105/%e7%8b%...8f%91%e5%ae%8c/

https://johor.sinchew.com.my/20230105/%e7%8...8e%92%e9%98%9f/

People queue for 2 hours before bank branches open to exchange for new notes

Between HSBC Premier vs SCB Priority banking as a gateway to open a Singapore based account, which would be better in terms of:

a) options of investment within Malaysia
b) option of investment within Singapore
c) speed to open the account at MY and SG

Thanks all in advance

Seems like cimb singapore account is taking longer to be approved. Made application and transfered to cimb sg from cimb my on 9 January.

Called cimb sg today and application still pending approval

I will say SCB cause their SCB brokersge is good (no fees) but loudy in terms of expensive Forex (hike up).

Best way is open CIMB Sg and open up independent brokerage.

For me, I won't go with either banks.

CNY backlog. Not even 1 month. Sabar.

This post has been edited by Ramjade: Jan 31 2023, 12:48 PM