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 Best way to send money from singapore to malaysia

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DomeTec
post Sep 13 2011, 02:00 PM

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Joined: May 2009
QUOTE(Ken.B @ Jul 20 2011, 06:12 PM)
Why not try using paypal as you can link it with malaysian bank like public bank?
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Point 1:

In Singapore, if you can find the right licence money changes/ licence remittance agent authorise by MAS, the rate will be better for TT.

Remember, if you bring more then 30K out from SG, you need to declare due to anti-money laundering law, they will not investigate but you must declare.

Point 2:

You will get a better rate in Singapore from money changer than JB money changer. KL, Penang offer similar or better rate sometimes. Suggest to call them up before going down, you will get better rate in this way.

here are the link for money changer :
http://search.insing.com/ts/banking-financ...CFQd66wodsnWrhQ

Some places like : Boon lay, Chinatown, PP, Raffles place Arcade offer good rate.

Hope this information help.


 

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