Fundsupermart Singapore, Let's have a separate thread
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 Oct 29 2015, 12:18 AM
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#1
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Senior Member
5,853 posts Joined: Sep 2009  
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Any advice if we in malaysia with local bank accounts wanna open FSM Singapore and buy UT in FSM Singapore?
I mean without going to Singapore to open bank accounts, just buy sell from malaysia only. Is the cost very high to open and operate, buy sell FSM Singapore UTs, using malaysian banks? Thanks. |
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Oct 29 2015, 12:47 AM
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#2
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Senior Member
5,853 posts Joined: Sep 2009
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QUOTE(dasecret @ Oct 29 2015, 12:28 AM) https://secure.fundsupermart.com/main/home/...strictions.svdo So say we open foreign currency account with CIMB Malaysia, Buy is TT fees and incurring the msia bank's exchange rate which is not so favorable compared to money changer rate Sell is again TT fees and they only remit in USD or SGD, so if you don't have a foreign currency account in Malaysia, then you might again lose out due to unfavorable forex rate charged by your msia bank  we bank in RM to be converted to SingDollars in that account, that should take care of TT fees right?? QUOTE(dasecret @ Oct 29 2015, 12:28 AM) But realistically, I would not put in FSM SG if I don't intend to keep for 3 years or longer, gotta make the TT and bank forex rate worthwhile If Singdollars keep going up, why not,later can get back more RM |
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