but, the sgd 1k is going to activate cimb then subsequently transfer to poems, so left sgd 30 inside to rot

i linked my cimbclicks in malaysia to access both cimb sg and my account

so might be free, but then need to activate first, dont want later transfer sgd 1k via this channel than they dont recognise my account activation then eat my 1k

damn, looks like i should just transfer directly from maybank

but nvm, already kena charge, no choice

Yup. Agent fees applied

asked before if transfer between cimb itself and own account, no charge, but need to try first

I want to try sending USD with UOB to Maybank. See what's the charge. They try with Maybank MY and see.

do let us know your result when you tried

Another alternative is this https://www.coinhako.com/guides/sell_bitcoin
This I want to test with SGD100 and see boleh pakai or not.

This post has been edited by Ramjade: Mar 8 2017, 03:26 PM

this one accept direct from malaysia myr account?

Should be. Use RM to buy bitcoins then exchange the bitcoins to SGD.

Again, physically carry it over the border ?

If bitcoins work, why bother carrying cash. Charges only


Going to test this out with SGD100.

Okay so this bitcoin thingie need not be physical.

But it is stable enough ? Does it fluctuate a few % within the day ?

Er, bitcoin transaction takes few minutes. I have tested previously transfer bitcoin to bitcoin. I think within 30 minutes can settle.

It depends on the USD. If USD tank, your bitcoin maybe worth a lot all of a sudden.

We were talking about how AIYH lost SGD30 via TT when he TT down SGD560 alone. So I recommend few options
(i) transfer from same bank (in this case Maybank MY to Maybank SG. This should only cost RM10.60 + SGD10 -> provided that there's no agent fees.)
(ii) transfer from other banks (in this case any banks to Cimb SG as there's no incoming fees. for Cimb SG Charges should be RM10.60 + SGD20 (if there are agent fees) )
(iii) transfer using same bank (in this case Cimb MY to Cimb SG. Charges should be only RM10.60 provided that there are no agent fees)
(iv) transfer using money changer (get cheaper rates to agent fees) but not sure safe or not.
(v) transfer using bitcoins (to overcome all fees)

All of them are not tested. Will test them out one by one and see once I get my Maybank SG account.

This post has been edited by Ramjade: Mar 8 2017, 04:38 PM

MY acc to SG acc = (MY) RM10.60 + (SG) $10
SG acc to MY acc = (SG) $15 MY no charges for incoming TT.

above is the rate for MBB.

You incur 0.9% to buy bitcoin using MYR and then 0.9% again to sell using MYR + SGD2 to withdraw...cheap meh? Also considered the buy/sell forex rate?

I transfer CIMB to DBS only kena $10 charge, less than 0.1% charge..if I transfer 10K

Dont miss the forest for the trees...

This post has been edited by gark: Mar 8 2017, 06:29 PM

Er how about bank rate? IF bitcoin can offer cheaper rate (almost same to money changer rate), wouldn't that be better option?
Btw, can we use money changer to actually send money to SG or it's not advisable?

This post has been edited by Ramjade: Mar 8 2017, 06:31 PM

Have you checked the rate for the bitcoin transfer... difference between RM and SGD..

Money changer can arrange to bank in the SGD in your account, but do you trust the money changer? No proof if the money is 'lost'.

Not all money changer do it tho...

This post has been edited by gark: Mar 8 2017, 06:37 PM

Haven't but seeing that bicoin is under utilise, the company will need to make sure it's "cheap" to attract more people.
Losing money via money changer is not really the main concern.
Why: Indon, bangla, myanmar all use money changer to send money back. Never seen them enter malaysian banks to transfer money back. Use big compnies like Merchant Trade, RIA, should be OK

More worried about kena black listed for money laundering by SG side. Don't know if use money changer can kena that or not.

This post has been edited by Ramjade: Mar 8 2017, 06:45 PM

They use remittance service lah, the rates more expensive % wise..but good for those who want to transfer small amount (foreign worker)

Even got LEGAL money changer/remittance service can do online.. good rates too, but dont dare try U try first let us know..

http://www.eremit.com.my/rates.aspx
http://www.maxmoney.com/services.html

This post has been edited by gark: Mar 8 2017, 06:50 PM

eremit = Merchant Trade (one of the most expensive money changer)
Me also no guts try
Btw if say Maybank MY bankrupt, will Maybank SG be affected or they are different entity?

This post has been edited by Ramjade: Mar 8 2017, 06:53 PM