Opening a Bank Account in Singapore
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 Dec 20 2019, 02:54 PM
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#1
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Junior Member
115 posts Joined: Oct 2010 
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QUOTE(aspartame @ Dec 20 2019, 02:50 PM) I dunno how u derive both rates 3.052 and 3.05549. Also, if u r converting SGD to RM....3.05549 is a better rate Yes, the rate is better but you have to pay another SGD3.43 fee to Transferwise. |
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Dec 20 2019, 03:18 PM
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#2
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Junior Member
115 posts Joined: Oct 2010
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QUOTE(aspartame @ Dec 20 2019, 03:10 PM) Ok, then for transferring larger amount like 10k or more onwards, TW rate is actually about 1.1% better than CIMB.... 3.05549 vs 3.052 If you transfer bigger amount, you have to pay more fee to TW.It is not cost efficient to transfer 1k.... as RM10 is 1% of 1k... imagine the amount of money bank makes on those small remittances daily ...using those TT is even worse Just a quick check on TW app, if you want to transfer SGD to RM10k, they will charge you a fee of SGD23.76. So in total the rate is about 3.03X only via TW. |
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Dec 23 2019, 09:24 AM
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#3
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Junior Member
115 posts Joined: Oct 2010
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CIMB SGD to MYR promo rate will end on 31 Dec 2019. Not sure what's the rate after the promo end.
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