Hi, just wanna ask is there anyway I can deposit physical singapore dollar in Malaysia ?

Is there any way to transfer from myr to sgd cheaper? I use cimb click to transfer to cimb sg, exchange rate at 3.5878

mavistan89 moneymatch, or DuitNow Overseas Transfer (CIMB SG doesn't support duitnow yet)

Do not use cimb Malaysia to transfer. Use what Medufsaid suggested.

Is there a limit how much to transfer? Safe to transfer huge amount like 100k sgd? Can enlighten me what is the rate

daily transfer limits for the remittance agents

• DuitNow - RM3k
  
• BigPay - RM20k
  
• MoneyMatch - RM30k
  
• Sunway Money - RM30k (e-KYC) / RM50k (KYC via face-to-face
  

just transfer day by day to reach your 100k sgd limit. even if you bring physical cash in sg, you need to declare if the amt exceeds S$20k

rates changes daily but duitnow is good for small amounts, MoneyMatch good during day time, BigPay good during night time (would recommend to just remit during day time for quick turnaround)

Never use moneymatch, checked and found that it is under bnm and regulated by Brunei rules and regulations? Is it considered a platform under bnm?

MoneyMatch Sdn. Bhd. is regulated by Central Bank (licensee providing digital services) under MY Licence Serial Number 00249 in Malaysia.
Perniagaan Perkhidmatan Wang Berlesen
Pengirim Wang
MMB Transfer Sdn Bhd [Brunei] is an approved FinTech Sandbox participant under the Brunei Darussalam Central Bank
MoneyMatch (Australia) Pty Ltd (ABN: 49 627 734 623) is registered as a remittance service provider in Australia under AUSTRAC with the Registration Number 100585019-001.
MoneyMatch (New Zealand) Limited (NZBN: 9429047406506) is registered with the Financial Service Providers Register (FSPR) under the Registration Number FSP1005039 and regulated by the Department of Internal Affairs (DIA)

he got confused by the footer of the moneymatch page kot

Haha yeah. I saw moneymatch rate is 3.5544 for myr/sgd, is this the rate usually we use to remit fund? Because money changer midvalley only 3.50

rates changes daily but duitnow is good for small amounts, MoneyMatch good during day time, BigPay good during night time (would recommend to just remit during day time for quick turnaround)

MYRSGD comparison post as of today afternoon

RM 3.494792 market mid-rate as verified by Wise

S$850 (closest approximiation of RM3k DuitNow Int transfer, since not allowed to key in MYR for DuitNow Int Transfer, only SGD amount)
S$8562 (simulate RM30k)

	S$850	S$8562
DuitNow	RM2979.32	RM30010.52 (for comparison only, since can only remit RM3k daily)
MoneyMatch	RM2978.22 + RM5	RM29999.43 + RM5
sunway money	RM2987.23 + RM8	RM30077.13 + RM8
wise	RM2991.41	RM30135.65
bigpay	RM2995.79	RM30135.54

finally got time to do non-office hours comparison

RM3.4955 market mid-rate as verified by Wise

	S$850	S$8562
DuitNow	2982.46	30042.11
MoneyMatch	2992.40 + 5	30142.28 + 5
sunway money	2993.45 + 8	30140.09 + 8
wise	2991.81	30140.80
bigpay	2988.15 + 4.5	30099.39 + 4.5

yea need to know the optimal time for transferring

changing money in midvalley is always the cheapest. problem is how to bank it into SG. come let me show you the rates

MoneyMatch	Wise

Yes that is the rate I checked. If I want to transfer 300k to 500k sgd (rm1 to 1.5mil) , is this the best way to transfer? I mean we cannot compare to the rate offered by money changer/ Google rate? We should use the rate stated in wise/moneymatch/bank tt correct?