Nope. You can't do that in malaysia.. But you can do it in SG or HK. I know if you that in SG, kena charge like 1%.

Still cheaper than banks (converting cold hard cash vs attempting to TT via banks) But again as mentioned, your original question is can you withdraw cold hard foreign currency cash in Malaysia, answer is no. You can write a cheque. Not sure if super priority banking level got such feature. I am not that level yet so can't comment. My comment is for regular folks with regular bank accounts.

Labuan is considered offshore. They might have that service. But this one really not sure.

Not sure about SG money changer's rate. You need to manually checked out some of the best money changer's in town.
http://www.thebestsingapore.com/best-place...-raffles-place/
https://fxchange.sg/money-changer/best-mone...s-in-singapore/

Some website that can check best rate in SG.
https://get4x.com/en/singapore
https://cashchanger.co/singapore

You can try ask our money changer if they can provide you cold hard cash if you write them a cheque or not.

Of course, not sure what you need cold hard cash for.

The only official way to get cold hard cash from bank account is via SG route if one have multicurrency bank account.

I have heard that some money changer in SG offfer such service (exchange cheque for cash). But that requires asking them.

This post has been edited by Ramjade: Apr 14 2019, 10:15 PM

Just confirm can. But not sure if cashier order or bank cheque.

SG money changer.

SG banks of course can withdraw as mentioned but kena charged 1+% fees. No minimal sum to withdraw but got minimal fees. Last time can withdraw/deposit for free for free. Days of free withdrawal over. Some eg.

Withdrawal/deposit foreign currency
in-lieu of exchange (min. S$10)
applies as follows:
USD 1.5% AUD 2.5%
GBP 1.5% HKD 3.0%
JPY 1.5% Others 5.0%
EUR 1.5%

Other bank rates more or less the same.

This post has been edited by Ramjade: Apr 15 2019, 10:55 AM

Depends on what you want to use your cash for. USD is not welcome in Malaysia, cannot be deposited or used in Malaysia.

Your only option with USD cash in Malaysia
1/ convert it to RM
2/ hold the USD cash
3/ deposit it in SG bank and kena charge 1.x% fees.
4/ Go to US on a holiday.

For me I am holding USD In my account which have use as I am able to put the USD to work (buying USD denominated stocks)

This post has been edited by Ramjade: Apr 23 2019, 02:01 PM

If you believed in RM, then convert. If not take option 3/ and earn more USD. Of course you might think about collecting say USD4k before start investing in USD stocks.

Just do what you think is right. If you think is low and want to chanfe just change.

RM is no longer pegged to it. Depends on reason USD slump. If is US fault then our RM will increase (like in 2008). If is other reason, our RM may go down with it.

Nope. It does if our RM does not depreciate. Is based on supply and demands.

If you pegged your RM, no matter how good your currency, you always need to sell your currency and buy the other currency so that your currency value cannot deviate.

Likewise if the other currency is good and your currency is no good you need to keep waste money to buy the other person currency.

Is good as easier for business to do business.

He = a person (malaysian citizen)

I give you some more stuff. No tourism. How is the country going to survive without oil, oil palm, tourism?

If you can come up with counter argument, I am all ears.

Nowwadays people use amd already.

Now everything no stock. Maybe I wait for new version release next year and buy this year edition.

This is another true for those who knows how to invest. I have friends who are in B40, M40, they dont know how to invest and don't want to keep money overseas.

It's never too late. I believe we will see sgd4.00 in our lifetime seeing how the country is run.

I just transferred my saving silver to sg today itself.

This post has been edited by Ramjade: Sep 1 2022, 08:29 PM

I continue converting every spare cash from my salary I have as my goal is long term. Collect rm10k then convert.

Correction. I never fly. I take the train.

I used Sunway money. RM30k transaction more than enough for me to convert. Their rates is as good as money changer rate. Even if rates are more expensive, sometimes the cost to travel and deposit = same as doing it online.

Last time the only online service available are banks. Nowadays there are alternatives which gets the job done as good as banks but cheaper.

This post has been edited by Ramjade: Sep 1 2022, 08:44 PM

Sunway money rates are even better than wise rates at least for SGD. Not sure about other currency.

Interactive broker. Spot rate. You cannot get cheaper than interactive broker as they are giving you USD at real time market rate without any markup unlike banks.