QUOTE(Ramjade @ Jul 18 2023, 09:03 PM)
Only pay RM1.00 You can check yourself. I have checked myself using maybank, cimb, Hong leong, UOB, standard chartered, instarem, moneymatch, TransferWise. All cannot even match Sunway money.
I don't have HSBC bank account to check.
Thank you so much bro, appreciate a lot
QUOTE(TOS @ Jul 18 2023, 09:22 PM)
yo bro. Long time no see.
HSBC MY to Sunway Money should be via FPX, so should be free of charge (everything is done from the Sunway Money portal). The RM 1 is the explicit charge by Sunway Money (on top of their markup above FX rate). All-in cost for Sunway Money is around 38-40 basis points above mid-market rate for transfers of several thousand MYR. 10k MYR and above can fetch you 30-35 basis points FX markup sometimes.
Yea, seeing SGD going stronger than ever and also noticing all the big daikors here busy growing their SG portfolios, so i am back again
Thank you for the additional clarification too, just my initial concern is from Sunway Money to HSBC SG end, which may incurs additional charges, but i have to admit, it is my bad that I haven't dive deeper into it yet. Overall 38-40 basis points are doable in my book.
QUOTE(Medufsaid @ Jul 19 2023, 08:17 AM)
after going down the rabbit hole, i can only recommend that you do your own research as the rates of each remittance service updates at different times, so e.g., competitor no. 2 will be cheaper than no. 1 at your preferred time
signup for (this is my preference order)
1) wise
2) money match
3) bigpay
and this below is less competitive but u might still wanna signup
4) sunway money
5) instarem
and finally, if u happen to go Midvalley money changers, and afterwards be in singapore to deposit paper money at banks, the theoretical (doable but very impractical) best is
0) midvalley money changers
Thank you too.