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 Opening a Bank Account in Singapore

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viruz
post Jan 2 2023, 10:05 PM

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I have an USD account receiving my overseas earning regularly in Singapore bank. I would like to know what are the cheaper alternative of transferring it back to Malaysia?
viruz
post Jan 4 2023, 04:04 PM

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QUOTE(Ramjade @ Jan 3 2023, 01:19 AM)
Only way to bring back USD from sg at cheap rate is via Wise.
Yes and no. Yes if you want cheaper. Cause you can bank in USD and DBS rates are better than Malaysia banks
No cause you can direct wire money into TD using Malaysian banks. Whether they reject the transaction is another question. Heard some banks in Malaysia block transaction to TD cause it's blacklisted by Malaysian govt.
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Wise rate is nice but they charge much higher transaction fee though, not sure if it is still cheaper overall compare to bank.

 

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