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 USA Stock Discussion v5, Investment,Trader,Financial Ratios,HUAT?

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post Jan 28 2014, 01:17 PM

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QUOTE(danmooncake @ Jan 21 2014, 10:06 PM)
If you're not in hurry, it is cheaper to send them a bank draft/cheque (or cashier's cheque) drawn in USD.
Just mail to them via regular Pos. Takes 2-3 weeks to clear but it works.
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It seems that by sending (snail mail) bank draft/demand draft in USD to TDA, one can avoid not only the cable charges (usually around rm25) but also the intermediary bank charges? (usually around USD25). Is this correct? Thanks.
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post Jan 28 2014, 08:40 PM

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QUOTE(rjb123 @ Jan 28 2014, 07:57 PM)
What's the cost to issue a bank draft/demand draft from a Malaysian bank?

I did TT in the end to TDA, arrived in less than 24 hours smile.gif
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A number of banks are charging around rm5 or none at all if amount is > rm5000 for foreign demand drafts.. They are making the money from the exchange rate. Today the sell rate from BNM is around 3.34 while banks sell rate is 3.38.
TT while being a bit more expensive (esp the intermediary bank charges) is obviously a lot faster.
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