annoymous1234 if you have SGD in your CIMB sg or MBB sg acct, it's free to send SGD to IBKR

Because I currently have both CIMB and MBB MY account, no sg account yet, so I'm not sure which is cheaper cost to transfer to IBKR, so u mean no difference right whichever bank I choose, since it's free to transfer? What about the conversion of MYR to SGD by bank, do they charge a fee like wise?

This post has been edited by annoymous1234: Sep 12 2024, 12:30 PM

annoymous1234 we use

• moneymatch if over S$850
• duitnow overseas transfer for under $$850 (currently not supported by Cimb sg)

other remittance companies include

• transferwise
• Sunway money
• bigpay

Don't use bank to directly transfer MYR->SGD as they cost 2x-3x compared to those listed above

This post has been edited by Medufsaid: Sep 12 2024, 12:53 PM

Thanks!

CIMB sg has high interest promo https://www.cimb.com.sg/en/personal/banking...sting-customers

Don't be fooled by that. I looked at that before, I don't post it in Lowyat because if you read the terms and conditions... https://www.cimb.com.sg/content/dam/cimbsg/...a-3.3-sep24.pdf

a) the bonus interests will be paid in December

b) you must maintain the miminum 5k SGD EVERY DAY above the benchmark to earn the bonus interests. This is no different from a fixed deposit...

The IRR is never as high as 3.5% p.a... more like 2.5-2.75% p.a. only. Fullerton SGD cash fund (purchased via Moomoo/WiseSaver/FSM One etc.) will yield better rates with more flexibility.

They fooled me once last year, not gonna be fooled by them again this year.

This post has been edited by TOS: Sep 12 2024, 02:56 PM

i got it at 3.2% at MBB Sg Time Deposit for Half year

Now you are telling everyone you deposit a minimum of 20k SGD at Maybank SG

https://www.maybank2u.com.sg/en/promotions/...me-deposit.page

But yea, 6-month 3.2% is about the same rate as 6-month SG T-bills.

Not overpriced, not underpriced, considering the SDIC deposit up to 100k SGD...

better to keep SGD in tiger brokers than OCBC SG?

since tiger brokers u can easily withdraw to any banks.
any opinion is greatly appreciated

Hi guys, seek opinion on FD in either cimb or Maybank sg.

For 12 mths rates, not much of a different 2.65 vs 2.8. My intention is to let it compound for the next 10 years++

Question : which is more convenient in the sense of any withdrawal upon maturity, only fresh fund applicable for any new placement etc

Ps: I do have an existing dbs but the rates are horrendous for any amount more than 20k

if you want to put money into FD, mind as well put in money market fund which has flexible withdrawal and better rate. For example, you can create Sfye SG without being employed in SG.

hellowkerbau wow stashaway SG simple (open stashaway SG with your m'sian passport) returns is now better than Fullerton SGD

Hi guys, any bank savings account which doesnt charge Rm15 annual debit card (ie: CIMB EcoSave i) to recommend?

Poor people are always discriminated by bankers

Citibank to close last branch in Singapore in October amid shift to wealth hubs

(no paywall) https://www.straitstimes.com/business/banki...-to-wealth-hubs

wow, can't imagine citibank to become so picky. 'Poor' people in Singapore are considered high income earning in Malaysia

 

They ask you to go use CIMB JB branch office service

Hi sifus,

After eons, I finally open a TnG eWallet account (don't laugh at me, I don't see any point opening an eWallet account when Duitnow QR is everywhere, except my favourite cheap foodstalls... they all provide TnG eWallet QR only...)

So, I discover that TnG eWallet allows DuitNow Cross border remittance from Malaysia to Singapore (but not the other way round, still have to use CIMB SG -> MY for that).

Have anyone tried checking TnG eWallet's rate for remittance from MY to SG, is it better than Maybank MY's rate? (I know the daily limit is 3000 MYR, and not comparable with large volume transfer providers like Sunway Money or Wise or MoneyMatch). CIMB MY still haven't updated me why my transfer months ago failed... I give up on them...

--------------------------

Also, have anyone tried Liquid Pay in Singapore?

How are the FX rates like for Cross Border transfer from SG -> MY?

https://www.duitnow.my/Cross-Border/fund-transfer.html

I know OCBC charges a 1% spread (worse than the 0.3% imposed by CIMB SG -> MY) route. Don't have account with UOB and I don't trust Maybank SG or MY account after my card was hacked last time. That leaves Liquid Pay as the remaining option.

This post has been edited by TOS: Oct 1 2024, 11:08 PM

just wondering.. anyone ever compare whether the rate for DuitNow Cross Border is the same or different across different providers?

eg. DuitNow Cross Border for MYR to SGD on the same day for the same amount.. are the rates same/different for MBB MY -> SGD as compared to TnG -> SGD?

Can someone show me the steps for TnG duitnow overseas transfer?

I did compare before CIMB my-> Singapore and MBB my-> Singapore comparison for duitnow overseas transfer. It's identical so I expect tng to have identical rates

so it's the same across the platform..