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 Opening a Bank Account in Singapore

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Yggdrasil
post Oct 28 2019, 11:37 PM

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QUOTE(Jordy @ Oct 26 2019, 09:17 AM)
Why Transferwise? The fee is high for Transferwise though. A simple comparison between Instarem and Transferwise:

T: MYR 6,176.94 : SGD 2,000.00
I: MYR 6,172.17 : SGD 2,000.00
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QUOTE(dwRK @ Oct 26 2019, 09:24 AM)
Bigpay?
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QUOTE(moosset @ Oct 26 2019, 07:52 PM)
oh yeah ........ instarem is cheaper. Will definitely use that.
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QUOTE(prince_mk @ Oct 28 2019, 05:23 PM)
I had use it since last mth. Fast and reliable.
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See my post here: https://forum.lowyat.net/index.php?showtopic=4857608
Yggdrasil
post Mar 1 2020, 10:30 PM

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QUOTE(donhay @ Mar 1 2020, 07:52 PM)
I have been transferring money from CIMB MY to CIMB SG weekly.

Will it be a problem with the authority? Is there any limit?
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Why use banks when Fintech is cheaper? rclxub.gif
Yggdrasil
post Mar 2 2020, 08:52 AM

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QUOTE(donhay @ Mar 2 2020, 08:29 AM)
Have been doing like 5k /week. Just afraid it will trigger some authority. smile.gif
Now i plan to use InstaReM. Is there a limit how much you can transfer to SG bank?
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I don't think there is a limit for receiving SGD. So the limiting factor is converting MYR and sending SGD via Instarem.
Daily limit is RM30,000 for individual and RM200,000 for business. More info here.
When in doubt, call them up.
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