I did and was successful was my leftover Euros from trip... There was no fee at all

you give me an idea, since MYREUR is cheaper than MYRUSD, why not convert to EUR and send to IBKR for free (same for SGD)? convert to USD for free using recurring investment


i won't be trying this since i have moneymatch

bokbokchai do recurring investment. don't convert your EUR. let recurring investment auto convert for you

Yeah man. Currency conversion fee varies from 2usd onwards and share commission fee 0.35usd. Judging so the video actually shows 1.25 euro for commission fee. Are etf fee usually that high?

Eh I never abandoned it just that the Forex thread went dead, I also didn't see the need to bump...
Ah I never got to try direct USD funding from Wise yet, the only time I did and was successful was my leftover Euros from trip... There was no fee at all, so thanks for the info.

I personally continued with the SGD route as I compared the rates SGD vs USD and didn't see much difference ... Don't wanna trigger Wise compliance check because IIRC they mandate that you as sender, must send from an account of the same name -- SunwayMoney/MoneyMatch would be labelled otherwise, so they violate that rule. (Others please CMIIW)

maybe Wise see your post and reduce fees
just got an email from them

Comparison this morning...
to USD


to SGD


long story short, Wise loses by miles and MoneyMatch is the best for SGD for today's working day. Note: I checked using FPX rate on Wise, instead of Wise balance (that is a few bucks cheaper). I'm still holding some money from my travels so I can't do a full 20k transfer
Note: the column 45008 is only meant for Sunway Money where they offer more favourable rate at 45k and above (with RM8 fee)

Also for comparison, I checked rates last Saturday (sheets labelled 20240511):
https://docs.google.com/spreadsheets/d/1DF1...#gid=1635374305

It's really annoying for me to do during office hours... but looking at these rates, oklah just delay my work a bit

May I know how SunwayMoney / MoneyMatch transfer the USD into the bank account? Is it via wire or ach?

Cheaper to change SGD to USD Vs using wise.

Thank you. Yes, I'm currently using the Sunway Money, SG Bank method to fund IBKR.
But I also have USD bank account.

As @Takudan included USD view, I was wondering if she have the knowledge of the fees of receiving into a USD bank account and I can try the Sunway Money => USD account => IBKR method if it's cheaper.

Ahh, the only way I know of is via Wise.. you load money into Wise with USD, then using IBKR direct linkage with Wise (plus a bit of fee for USD), you can load USD into IBKR. This would've been a viable option if Wise was more competitive, but I learned after comparing that it is not, lol.

If you're doing this off business hours, it may be a different story because Wise seems consistent with their rates whereas the other 2 is much worse -- Wise was as good as SunwayMoney last Saturday.