USD2 conversion process is done within Interactive Brokers - you convert at spot rate and pay 0.6bps (0.0006) of value traded or min USD2

Maybank iSavvy
i. yes you park $500
ii. I submitted forms to my local Maybank branch - they courier to Singapore for me (via DHL!)
iii. debit card is free no charge
iv. initial funding $500 can do with Instarem

CIMB SG FastSaver is another option:
i. no fall below fee, no debit card
ii. has FAST transfer which is the thing you need in this case
iii. initial funding $1000 - requirement is to do FAST transfer for initial funding $1000, but members have reported success performing CIMB MY -> CIMB SG and via Instarem
iv. high-ish interest for a Singapore account, not that you should park money too long - 1% p.a. for first $50,000, 1.5% after up to $75,000
I hold both accounts, pros of having Maybank:
i. outside the local big 3 DBS/UOB/OCBC - Maybank is top 7, is a qualified bank by MAS standard and back in Nov 2018 broke off from Maybank Berhad to form Maybank Singapore Limited
ii. if you plan to open a CDP account to trade shares with local brokers (whether paranoia of nominee account or want to attend AGM), Maybank supports EPS for shares
iii. 'teh tarik' funds every month between 2 accounts to keep from being dormant, I don't want to have to head down to Singapore just to re-activate a bank account

1. No platform or inactivity fee - 0.5% stamp duty is waived for LSEETF
2. No fees under my Trade Confirmation statement, only commission
3. I didn't even activate my Maybank iSavvy debit card, therefore I did not request for a CIMB SG one
4. Confirm no annual fee for debit card

If you got moo, go with pure IB. Even cheaper commision.

With tiered commision,  commision only cost few cents.

So it seems it boils down to how often you push in EUR4000. If monthly, dude go for the mother Interactive Brokers directly - you'll hit USD100k in no time and enjoy tiered commission pricing. 2,3,4 months once is probably fine - 6 months or more is probably a drag and cost of opportunity

What is the annualized return of investment in SXR8 SP500 index fund?

It's not about timing the market, it's about time in the market

Not maybank/cimb/rhb?

Wa Alex kor thank you so much for the info.

still growing my money in SA, once hit my target limit i will buy this low cost index funds the DIY way.

thank you bro

Not talking about Malaysian bank > instarem.
Talking about when you want to deposit say EUR, what is the sender bank you key into interactive broker page for sender bank (Instarem bank)

If not mistaken, TradeStation has an inactivity fee of $50 if less than 5x transaction per year.
And need to becareful if any data that you have subcribed that may be charged for some fees.