That's good, bro,... then just leave it and stay far away from them from now,... it's good that you broadcast this information here.

Whether people listen or intended to take a contrarian view is not our concern anymore,.... but thank you for this information,.....

No need to broadcast la.. They have many supporters here and it is hard to believe from one side statement until proven so and I do not need to do so. It is non of my business.

Bro, only jack2 has problem with TransferWise Others here including me is impressed with this fintech

I have continued to use it. For major currencies (USD, GBP, AUD), the spread is excellent ! About 0.3xx% over XE middle rate. That is the rate local bank quote me for transferring a big amount (6 figures). But TW rate applies even it if it just S$10k. Strangely there is not much difference if you transfer S$10k or S$50k (my bank limit)

Opening account is very quick and simple also. Speed of transfer is also excellent.

You should try and compare with your DBS. I bet TW will be beat it

The moment one writes here,... it is equivalent to broadcasting already. I merely expressed my appreciation that you took the time to write here.

It is always good to know both sides of the story.


BY the way,... proof or no proof does not matter. The good news do not need to be proven too, just like the bad ones.

Just guessing. May be a true multinational bank like HSBC etc. They should have more international features than local ones.

hi rjb123
is it the Citibank FOREIGN CURRENCY CALL ACCOUNT that you have ?
i am planning to have a USD foreign account to receive $$ from etrade account (just a normal RSU/ESPP account) and then TT to other US trading (ameritrade etc)
not sure if it is doable

I’m not actually sure what it’s called - it’s just a standard Citibank USD account, shows up as USD SAVING on Citibank online.

any minimum amount to hold and any annual charges or penalty if fall below a threshold limit ?

There is minimum on USD of 2500 I think but you’ll have to double check that in their T+Cs, I have CitiGold so they don’t impose minimum balance.

Just want to update, after a year using Maybank Multi Currency Account (MCA), I could not been happier.

So far, any payment sent from my employer received in full in my account. The only charges Maybank imposed is USD/EUR/GBP/etc 4 for each transaction. Monies will stay in the account in its currency until you withdraw/convert.

I looked at transferwise and it seems I'm better off with Maybank but one thing stood out with Transferwise is that I will have foreign account which I can use directly overseas. I might open an account as a backup with them too but still need to do a bit more research too about locking accounts. Can't really afford to have my account locked.

Anyway, thanks to all who gave suggestion in this thread. Appreciated it.

This post has been edited by nyunyu: Jun 14 2019, 08:55 AM

is there a permanent thread for RHB MCA?

This post has been edited by Medufsaid: Sep 30 2023, 08:42 PM

Just don't know why so much hassle for many of banks nowadays to open multi currency account, some even need few days for assessment, some told us need approval but in fact the cs and the manager don't even know the process to open, and asked lots of question not because of Bank wanna to do assessment but they want us to fell troublesome in opening but in real they are the one reluctant to open because either involve lots of process or simply they don't know.
So far RHB is the most simplify to hv the account open, CS very knowledgeable on their FCA product, and they currently hv promotion running on their multi currency account.
If you don't want to attend to bank, alliance bank allow FCA to be open online in minutes, the Most hassle free and fastest account opening.
Don't go for pbe, they will give you bunch of hassles so that you will fell troublesome and not to open the account with them.

I think savings acc with Rhb will come with the MCA right? link to the debit card and all
very convenient, they gave me one when I was opening an acc with them, only learn how to use it like a year later

after combining MCA debit + ATM debit into 1 card, do i still have to pay annual RM20 fee?

yes... 20

RHB Mca account is good. HSBC is also equally good.

I assume you have accounts with both banks - which bank has better rate for USD and what's the transfer time for incoming TT? thanks!

Try HLB Pay& Save. Rate quite competitive with Wise

I'm using CIMB Foreign Currency account too. if for huge lump sum > Wise holding amount. Bank rate better than Wise since Wise is charging conversion fees for every transaction

This post has been edited by M&N: Aug 5 2025, 11:38 AM

yup been using few times at thailand and pay using qrpay. rate not bad & i deduct from hlb wallet. Can generate receipt also for claim submission.