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 Maybank Inward TT Ruling from 27 March, New ruling to hold all incoming TT

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Ramjade
post Mar 21 2017, 08:30 PM

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What happen to the money then if answer is not satisfactory?
This is crazy news. They don't want people to convert foreign currency into RM?

I thought converting foreign currencu to ringgit is good for the ringgit? No? hmm.gif

This post has been edited by Ramjade: Mar 21 2017, 09:00 PM
Ramjade
post Mar 21 2017, 09:06 PM

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QUOTE(nexona88 @ Mar 21 2017, 09:01 PM)
I think this got to do with foreign funding on political parties?? hmm.gif

Remembered previously its such big issues...
But now already low profile.
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I think time to experiment with bitcoins...

This post has been edited by Ramjade: Mar 21 2017, 09:07 PM
Ramjade
post Mar 21 2017, 09:21 PM

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QUOTE(pisces88 @ Mar 21 2017, 09:16 PM)
Dun use maybank lo
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It's BNM ruling. No running away. All banks in malaysia will comply.
Ramjade
post Mar 31 2017, 12:10 PM

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QUOTE(shioks @ Mar 31 2017, 12:08 PM)
You mean withdraw in Malaysia by using overseas Debit Card?  This you may need to withdraw multiple time if the amount is substantial as there is daily limit restriction.
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Means you transfer using debit card (visa direct or Mastercard Send if your bank support it)
Ramjade
post Mar 31 2017, 12:14 PM

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QUOTE(Hansel @ Mar 31 2017, 12:13 PM)
Both of you gents are right !  biggrin.gif  biggrin.gif  biggrin.gif

But charges are higher compared to using TT,...  smile.gif
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Can we use money changer remittance service instead? I have never try them. hmm.gif
Ramjade
post Mar 31 2017, 12:16 PM

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QUOTE(shioks @ Mar 31 2017, 12:15 PM)
Not sure how this work.  I don't think banks in PRC support this though.
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http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts
Ramjade
post Mar 31 2017, 12:20 PM

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QUOTE(shioks @ Mar 31 2017, 12:18 PM)
Thanks for the link.  This only applies to money sending from MY to overseas.  I'm looking at money from overseas sending back to MY if without document support.
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Same thing. You need to check and see if your china bank have this feature.
Ramjade
post Mar 31 2017, 12:25 PM

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QUOTE(shioks @ Mar 31 2017, 12:21 PM)
PRC banks don't have
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Can try this
https://www.worldfirst.com/?
Ramjade
post Mar 31 2017, 12:53 PM

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QUOTE(jack2 @ Mar 31 2017, 12:51 PM)
Same what. When this money is remitted by them, Maybank will ask you the source and why they send you?
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I think this bypass the bank. It will be normal IBG/IBFT into your account?

Even if they ask, just tunjuk proof.

This post has been edited by Ramjade: Mar 31 2017, 12:53 PM
Ramjade
post Mar 31 2017, 01:02 PM

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QUOTE(jack2 @ Mar 31 2017, 12:56 PM)
Can try if it is bypass....
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For I don't really care bypass or not. I don't want to pay so much for transfer. bruce.gif
Ramjade
post Apr 6 2017, 11:53 PM

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QUOTE(wengherng @ Apr 6 2017, 11:51 PM)
Yup, actually I have been using bitcoins to transfer my money from overseas to Malaysia.
Been working well so far, no hassle, no supporting documents needed, no questions from banks.  thumbsup.gif
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But bitcoins are volatile no? You can lose everything if it swings in the wrong direction.
Ramjade
post Apr 8 2017, 05:26 PM

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QUOTE(gark @ Apr 8 2017, 05:03 PM)
If you transfer out >10K, you have to declare and state the purpose on the TT form. You never state meh? Or you transfer within Malaysia then obviously no need declare lah. This declaration is for overseas outward/inward remittance only..

For money changer >3K, i think i have a huge stack of declarations to BNM....  laugh.gif  laugh.gif  laugh.gif
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I think he transfer in using bitcoins. So since not many people in malaysia using bitcoins, so they close eyes.

Btw, have you use money changer to transfer money out of malaysia before?

This post has been edited by Ramjade: Apr 8 2017, 05:28 PM
Ramjade
post Apr 8 2017, 06:01 PM

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QUOTE(gark @ Apr 8 2017, 05:36 PM)
Not yet... I usually just change and bring manually or pass to friends and relatives going to SG.. 

1K SGD note is surprisingly easy to carry..  laugh.gif  laugh.gif  laugh.gif  . Every time I request all in 1K notes, the money changer gimme a sly smile..  hmm.gif

China already clamp down on bitcoin... Malaysia coming next.. 
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Nah. Malaysia not many know what is bitcoins what. whistling.gif
Hate it that sometimes money changer tell me no SGD1k notes. Give me SGD50 notes ranting.gif bangwall.gif
Wah you trust your friends with pieces of SGD1000? devil.gif blink.gif shocking.gif

 

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