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 Best way to send money from singapore to malaysia

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daimon
post Jun 5 2019, 08:26 PM

On my way
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611 posts

Joined: Jun 2008
QUOTE(paranoid @ Aug 5 2010, 09:30 AM)
im currently working in singapore and i'm trying to find a way to send money back to malaysia.
tried to find remittance services but can't really find a good one, some of them requires a us bank account.

is there anyway, from anyone who'd been sending money back to m'sia here? mind to share?

(p.s: heard of this somewhere but i dont want to travel to jb and transfer the money manually every month sweat.gif )
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Do you have account with POSB or DBS?

transferring money to Malaysia bank account is FOC

can do in through online like normal transfer money only

some more it is instant one

This post has been edited by daimon: Jun 5 2019, 08:28 PM
daimon
post Jun 6 2019, 02:00 PM

On my way
****
Junior Member
611 posts

Joined: Jun 2008
QUOTE(Ramjade @ Jun 5 2019, 11:37 PM)
Avoid using DBS/POSB. Rates not cheap.
Use instarem/singx if you can open an account with them.
If cannot transferwise is the best choice. One account for any country.
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Rates not cheap?

you mean the exchange rate?

i just open my POSB app and checked, 1 SGD = 3.02 MYR

and no charges when transfer money to Malaysia account

hmm, maybe my POSB account is the most basic one

 

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