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 FOREX: Instarem v BigPay v Transferwise, True as at 6/7/2020

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SUSyklooi
post Dec 16 2021, 12:57 PM

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QUOTE(Takudan @ Dec 16 2021, 12:51 PM)
Just came across WorldRemit ad when I looked up exchange rate for MYR to SGD... 5M+ app download versus Wise's 8M+, sounds pretty legit. Anyone heard of this or have any comment about it?
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googled and found this
Wise /TransferWise vs WorldRemit
8 Things You Need to Know – Only One Winner!
https://transumo.com/transferwise-vs-worldremit/

caveat emptor,...not sure if it is biased or not
Hoshiyuu
post Mar 1 2022, 05:01 PM

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Instarem beat Wise at rates today, color me surprised. (for both USD and SGD, at RM1.5k)

Ramjade

This post has been edited by Hoshiyuu: Mar 1 2022, 05:02 PM
LostAndFound
post Mar 1 2022, 06:05 PM

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QUOTE(Hoshiyuu @ Mar 1 2022, 05:01 PM)
Instarem beat Wise at rates today, color me surprised. (for both USD and SGD, at RM1.5k)

Ramjade
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It beat wise for me last week as well (for LKR).
c64
post Mar 1 2022, 06:35 PM

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I just have a fraud transaction on BigPay yesterday. Suddenly a transaction pops up. Bigpay support also useless. Now cancelled my old card and get a new one. Seems like lots of frauds and scam with Bigpay. I think i will look into Transferwise instead. Lucky only RM40+ fraud transaction.
Hoshiyuu
post Mar 1 2022, 06:43 PM

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QUOTE(c64 @ Mar 1 2022, 06:35 PM)
I just have a fraud transaction on BigPay yesterday. Suddenly a transaction pops up. Bigpay support also useless. Now cancelled my old card and get a new one. Seems like lots of frauds and scam with Bigpay. I think i will look into Transferwise instead. Lucky only RM40+ fraud transaction.
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Last year got hit by fraudulent transaction they offered to reverse it... guess this year no more money? Either way only Bigpay gave me so much headache. Wondering if I should cancel it along with my parent's. It's just so damn bad now.
c64
post Mar 1 2022, 06:45 PM

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QUOTE(Hoshiyuu @ Mar 1 2022, 06:43 PM)
Last year got hit by fraudulent transaction they offered to reverse it... guess this year no more money? Either way only Bigpay gave me so much headache. Wondering if I should cancel it along with my parent's. It's just so damn bad now.
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Yeah, not to mention the Indon guy scammer who keeps calling me via Whatsapp. laugh.gif
ericlaiys
post Mar 1 2022, 07:08 PM

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QUOTE(c64 @ Mar 1 2022, 06:35 PM)
I just have a fraud transaction on BigPay yesterday. Suddenly a transaction pops up. Bigpay support also useless. Now cancelled my old card and get a new one. Seems like lots of frauds and scam with Bigpay. I think i will look into Transferwise instead. Lucky only RM40+ fraud transaction.
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after so many scam call, i have stop using bigpay.
c64
post Mar 1 2022, 07:12 PM

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QUOTE(ericlaiys @ Mar 1 2022, 07:08 PM)
after so many scam call, i have stop using bigpay.
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Yes, once i found an alternative, i will drop it. Not worth saving a bit of money for so much headache.
Hoshiyuu
post Mar 1 2022, 07:18 PM

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QUOTE(c64 @ Mar 1 2022, 07:12 PM)
Yes, once i found an alternative, i will drop it. Not worth saving a bit of money for so much headache.
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If it's purely for international spending, I find Wise save me more money than Bigpay. (I spend quite a bit in USD and GBP).
c64
post Mar 1 2022, 07:20 PM

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QUOTE(Hoshiyuu @ Mar 1 2022, 07:18 PM)
If it's purely for international spending, I find Wise save me more money than Bigpay. (I spend quite a bit in USD and GBP).
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Yes, that's the purpose for use for BigPay...buy online USD and travelling. Now i just gotta jump ship. biggrin.gif
Hoshiyuu
post Mar 1 2022, 07:23 PM

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QUOTE(c64 @ Mar 1 2022, 07:20 PM)
Yes, that's the purpose for use for BigPay...buy online USD and travelling. Now i just gotta jump ship.  biggrin.gif
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Yeap, then Wise is perfect for you then. You can refer to this thread for some info despite the thread name, lol. https://forum.lowyat.net/topic/4953197/+480
hedfi
post Mar 2 2022, 12:27 AM

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Hopefully Wise will be more widely accepted than BigPay, tried some outlets in Oz and rejected
Hoshiyuu
post Mar 2 2022, 12:57 AM

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QUOTE(hedfi @ Mar 2 2022, 12:27 AM)
Hopefully Wise will be more widely accepted than BigPay, tried some outlets in Oz and rejected
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Oz?
Takudan
post Mar 2 2022, 01:15 AM

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QUOTE(Hoshiyuu @ Mar 2 2022, 12:57 AM)
Oz?
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"Aussie", I assume.

Interesting change of pace... I was almost gonna remove Instarem from my check because it was always last place for 1 year+ lol
SUSxander83
post Mar 2 2022, 04:44 AM

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QUOTE(Hoshiyuu @ Mar 2 2022, 12:57 AM)
Oz?
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AUSTRALIA
adam1190
post Apr 5 2022, 11:26 PM

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QUOTE(il0ve51 @ Dec 16 2021, 12:56 PM)
there is another call moneymatch & sunway money.
i uses moneymatch, instarem, bigpay & sunwaymoney.

usually sunwaymoney are cheapest. moneymatch and instarem can be cheaper if got promo code. never try transferwise before.

usually send USD & EUR
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I have some AUD in my australia bank account..

Are we able to use Instarem to convert AUD back to MYR as I realised currently I am not able to do so in Instarem (As I can only convert MYR to other currencies)?

Thanks smile.gif
gooroojee
post Apr 5 2022, 11:38 PM

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QUOTE(adam1190 @ Apr 5 2022, 11:26 PM)
I have some AUD in my australia bank account..

Are we able to use Instarem to convert AUD back to MYR as I realised currently I am not able to do so in Instarem (As I can only convert MYR to other currencies)?

Thanks smile.gif
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In this case Wise AUD currency account works well:

user posted image
adam1190
post Apr 5 2022, 11:39 PM

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QUOTE(gooroojee @ Apr 5 2022, 11:38 PM)
In this case Wise AUD currency account works well:

user posted image
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Thanks a lot for the information, just to confirm, Instarem doesnt have this feature like Wise?
dwRK
post Apr 5 2022, 11:49 PM

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QUOTE(adam1190 @ Apr 5 2022, 11:39 PM)
Thanks a lot for the information, just to confirm, Instarem doesnt have this feature like Wise?
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instarem can only send from originating country... meaning to send aud from australia, you must have instarem australia account and send out from there

only wise can "pull" from other countries back to malaysia
adam1190
post Apr 5 2022, 11:52 PM

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QUOTE(dwRK @ Apr 5 2022, 11:49 PM)
instarem can only send from originating country... meaning to send aud from australia, you must have instarem australia account and send out from there

only wise can "pull" from other countries back to malaysia
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i see, then wise is more advantageous in this aspect.. just checked with Instarem live chat support, they say can open instarem australia account but I would need to deactivate my instarem malaysia account first..

This post has been edited by adam1190: Apr 6 2022, 12:00 AM

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