Tried transferring from CIMB SG to CIMB MY a moment ago. Mid-market rate is 3.49, my 100 SGD becomes 348.37 MYR in CIMB MY (rate given 3.4837).

So that's about an 18 basis points spread.

Huh?

Not 3.43 anymore 🤔🧐

still better than wise


midvalley rates not available yet https://cashchanger.co/malaysia/mc/max-mone...ey-megamall/520

Yup, CIMB SG -> MY fees as a % of mid-market rate is half of that of Wise (20 bp vs 40 bp).

Hello guys! Just wanted to ask anyone who opened an Ar-Rihla Savings account in Maybank Singapore, did you all manage to download eStatement? It's been more than 1 month since I opened the account, so I believe Maybank Singapore should have a savings statement out.

But instead, I didn't receive any eStatement, and when go to Settings, it says "Your account is not eligible for eStatement" So I'm confused, does Ar-Rihla Savings account there's no eStatement services?

I think all Maybank SG accounts don't have estatements. Last time I used Maybank iSavvy account also no estatement as well, have to use CIMB SG's statement for opening DBS account back then...

4. What type of statement is available for eStatement registration?

• Affinity Platinum Credit
• Affinity Platinum Debit
• Balance Transfer (except for eCard Balance Transfer)
• Combined Statement
• Compressed Savings
• CreditAble UOD
• Current Account
• DUO Platinum MasterCard
• Family & Friends Platinum MasterCard
• Horizon Platinum Visa
• Manchester United Platinum Credit Card
• MasterCard Debit
• MasterCard Platinum
• Master Platinum
• Maybank ATM Card (MCE)
• Millennium MasterCard Classic
• Millennium Visa Classic
• Visa Classic
• Visa Infinite
• Visa Platinum
• World Mastercard

kslim888 this is what i found https://www.maybank2u.com.sg/iwov-resources.../estatement.pdf

Thank you @TOS @Medufsaid. Looks like I have no choice but to stick with CIMB SG first. Needed a bank statement for my Webull SG / Moomoo SG to withdraw money out from the brokerage

Btw, I was digging some earlier post at this discussion, and found that we can open OCBC singapore too.

After opening OCBC Statement Savings Account, then we can use that as reference account to open DBS bank right? Saw from this post also https://forum.lowyat.net/index.php?showtopi...ost&p=109764512

You cannot. He got Singapore pass. That's why I said his post of opening sg account are not relevant to us.

This post has been edited by Ramjade: Jun 17 2024, 10:03 AM

Malaysian can open OCBC SG, CIMB SG and Maybank SG only (without visiting SG). As for DBS, prior to 1MDB and before 2015, it's possible to open a DBS account easily via DBS Vickers in DBS's head office at Marina Bay Financial Center in SG. Post-2015, not aware of anyone who manage to open DBS account successfully without depositing huge sum of money with their private banking side...

So just stick to OCBC SG for now, that's reasonable good for general banking purposes in SGD. You can also proceed to open a CDP account thereafter, which will allow you to purchase SG Treasury bills, bonds and saving bonds.

Yea Ramjade is right haha, I got a student pass right now to study in SG, though in the coming months i may just stay in Penang to date with my high school classmate and connect to NTU servers via VPN

Earn SGD, spend MYR...

I am one of those who opened account at height of 1mdb

Was your account with DBS?

Yes sir. My account was and is still DBS. I have Maybank and Cimb. I think want to close my Maybank account.

To be fair, DBS has the best facilities. I still have to go thru my bankers to sweep the coupons and dividends out from my private into my transactional accounts at UOB and MBB but DBS lets me do that via its App.

Morning Bro.

I just switched to Octo yesterday night and this morning when I can login and start to explore the app it seems like cross border transfer via mobile number is now feasible.

Can you confirm that?

I might wanna try transferring 100 MYR from CIMB MY to SGD in my OCBC SG account (registered via my SG phone number) and see how is the rate.

TOS good news looks like this screen has been updated

Checking the rates with MBB m'sia and the forex rates are identical to CIMB m'sia.

Can't DuitNow to CIMB sg yet though. Although that's expected

This post has been edited by Medufsaid: Jun 28 2024, 11:12 AM

Very nice, so shall we say that there is now a new avenue to transfer money to SGD bank account via cross-border fund transfer at mid-market rate with daily limit of 3000 MYR?

Last time I only see Maybank MY reported here, now we have CIMB MY as well yes?

Let me try CIMB MY to OCBC SG (registered using my SG mobile number). Report back in a moment.

Didn't work eh...

Reason of failure: AM04 Unable to proceed [HTERBQS102]

The rate is midmarket rate for sure. 1 MYR = 0.287 SGD (XE quoted 0.2878)

Let me call customer service...

This post has been edited by TOS: Jun 28 2024, 11:25 AM