Alright got my Maybank SG account approved and open. I was checking the transfer rates between using Maybank MY or Wise to deposit in to Maybank SG. Wise has the better conversion rate but, the transfer fees actually makes the cost higher lmao. It seems I would get a higher final amount with Maybank MY even with higher conversion rate because the fee is just RM10.

SwarmTroll i recommend u pay close attention to my screenshot. there is

• Maybank Overseas Transfer
• Duitnow Overseas Transfer

ya same, got it setup juz now within 5 hours. talking bout efficiency. tried to enable duitnow (malaysia) in Paynow, -OK, managed to tinker on it, done)

Edit:
so i was comparing sunway money SGD rates, it seems to be marked up around 0.36% from XE's rate. wise is charging around 0.57% , so can i say i'm saving around 0.21%?

This post has been edited by kucingfight: Aug 19 2025, 05:08 PM

Hey how did you enable and link it together? I tried but it says it requires transaction signing and that I don't have security token lmao. Just checking if you were using another process.

Edit: I think it may be caused by 12-hour new account cool down for all service use, or 24-hour cool down for new secure2u registration. Will try again tomorrow.

This post has been edited by SwarmTroll: Aug 19 2025, 06:11 PM

Please don't use banks to Malaysia banks to transfer money. How many times I said already. Use fintech. Choose either Sunway money or moneymatch. Also make sure the transfer is around RM10k/transfer to make it worth it.

Wise memang expensive. I have never use wise.

No need to wait.
Follow step here

kucingfight not working, blank page. u might have to start from the previous page. or ask to login first



Then again, now already after working hours. Cheaper to send via wise now and call it a day

This post has been edited by Medufsaid: Aug 19 2025, 08:19 PM

Okay I've managed to link my SG PayNow to my current Malaysian phone number and so am able to see how much it costs to transfer using DuitNow/PayNow.

As of 10:30 PM, the conversion rate for Maybank SG is 3.306878, whereas Sunway Money is 3.3023.

so RM10000 would yield;

DuitNow/PayNow
3024 SGD (No Fees)

Sunway Money
3028.19 SGD - (RM8 Fee/ 2.42 SGD) = 3025.77 SGD

So Sunway Money has the larger final amount even after hours transfer. I will check again tomorrow during working hours, the rates will be even better.

for first deposit, any issues of transferring to MBB SG using SunwayMoney? will it be queiried?
*EDIT = can, done it..almost instant transfer

This post has been edited by kucingfight: Aug 20 2025, 03:55 PM

Comparing MYR/SGD rates between MBB DuitNow/PayNow and Sunway Money

As of 3:00 PM:

MBB DuitNow/PayNow, 3.305785

Sunway Money, 3.2924

-----

Converting RM10000

MBB DuitNow/PayNow: 10000/3.305785 = 3025 SGD

Sunway Money: 10000/3.2924 = 3037.30 - Fee (RM8/2.43SGD) = 3034.87 SGD

-----

Final Value with Sunway Money is greater at 3034.87 - 3025 = 9.87 SGD

Correct me if I'm wrong, going to a physical currency exchange (e.g. Mid Valley exchanges) has the best rates even compared to Sunway Money/ MoneyMatch right?

SwarmTroll MYR->SGD yes but u have to declare if bringing in more than SGD20k physically SGD->MYR no https://cashchanger.co/malaysia/mc/max-mone...ey-megamall/520

This post has been edited by Medufsaid: Aug 20 2025, 09:01 PM

Kindly factor in travel fare, time then you see if it's worth it.

Been there done that. Yes rate maybe cheaper at midvalley but once you factor in the train fare and time more or less the same. I use train to go sg to deposit money as it's cheap. You can use bus also.

I'm already in the process of opening a Sunway Money account. If changing direct in Mid Valley is cheaper, I will probably do that since I am physically going to SG anyways. I will keep Sunway Money account open as back up.

Sending money back to MY, I will test see if MBB SG DuitNow/PayNow route is as low as CIMB method. If not, need to consider CIMB MY and SG account opening.

If you are going there to visit friend or family or for work then no issue. But if you are like me who go there just to deposit money not very worth it.

Oh, that is good to know. Seems like Maybank is much more flexible when compared to CIMB Bank.

didn't realize you edited with the results

That's good news. Ppl can open MBB sg and straightaway deposit the max daily RM30k limit from Sunway Money

yeah, just did 2nd transfer today and managed to 'catch' Sunway's forex offer @ 10am, works out to be just +0.08% compared to XE's spot.

Need to be on the spot 10am or abit after 10am?

XE, sunway money, midvalley, wise
looks like XE is indeed spot rate


This post has been edited by Medufsaid: Aug 21 2025, 12:57 PM