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

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timo1003
post Jul 8 2020, 03:29 PM

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QUOTE(Yggdrasil @ Jul 8 2020, 01:16 PM)
If you're transferring for one of case and only RM2000, Instarem charges around RM15. You can shop around for the best rates or just settle for this.
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Thanks for the reply. Unfortunately they don't have the instarem option. Only WU/transferwise/moneygram. Do you have any experience with moneygram before? I read the website and it seems I have to do it through their agents. Any one with relevant experiences with moneygram?
cd4se
post Jul 9 2020, 01:21 AM

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Hi,
I am looking to transfer USD from my Singapore account to Malaysia bank in MYR. So far I understand it can be done using Transferwise but Instarem indicate you can only trasfer out from Malaysia if you are a resident in Malaysia. Is this tru? Is TW the only vehicle to transfer USD back to Malaysia Myr ? Any other recomendation? I see BigPay also only can transfer out.
Thanks
ohcipala
post Jul 16 2020, 11:03 AM

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I tried sending myr to sgd via instarem to my own cimb sg account but instarem asked for recipient's country of residence and malaysia is not on the list. What should i put?
TSYggdrasil
post Jul 16 2020, 01:15 PM

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QUOTE(ohcipala @ Jul 16 2020, 11:03 AM)
I tried sending myr to sgd via instarem to my own cimb sg account but instarem asked for recipient's country of residence and malaysia is not on the list. What should i put?
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Put Singapore
sean6219
post Jul 16 2020, 11:46 PM

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Hi, does sending money using transferwise through credit card to top up my account incur cash advance fee?
dummies
post Jul 21 2020, 09:43 PM

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i want to send MYR (RM 8K) to my US bank account (in USD), which one give me the best exchange rate? is it Instarem here?
Ramjade
post Jul 21 2020, 09:46 PM

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QUOTE(sean6219 @ Jul 16 2020, 11:46 PM)
Hi, does sending money using transferwise through credit card to top up my account incur cash advance fee?
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Transferwise does not support credit card payment

QUOTE(dummies @ Jul 21 2020, 09:43 PM)
i want to send MYR (RM 8K) to my US bank account (in USD), which one give me the best exchange rate?  is it Instarem here?
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You need to compare on the spot. I could tell you company A is better but it can change within the next few hours.
yehlai
post Jul 22 2020, 02:16 AM

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QUOTE(Yggdrasil @ Oct 29 2019, 12:22 AM)
Nope.

The maximum you can transfer using Transferwise is RM30000.

Even at maximum of RM30000, you still get extra SGD5.12 transferring using Instarem.

user posted image

user posted image
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But Intarem and BP don't have MYR to JPY transfer... kindly help
TSYggdrasil
post Jul 22 2020, 02:19 AM

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QUOTE(yehlai @ Jul 22 2020, 02:16 AM)
But Intarem and BP don't have MYR to JPY transfer... kindly help
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... this thread is not to help you solve problems with transfer. It's to find out which is cheapest.

I can't help you because I can't force Instarem and Big Pay to offer JPY transfer.
yehlai
post Jul 22 2020, 02:25 AM

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QUOTE(Yggdrasil @ Jul 22 2020, 02:19 AM)
... this thread is not to help you solve problems with transfer. It's to find out which is cheapest.

I can't help you because I can't force Instarem and Big Pay to offer JPY transfer.
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Then no choice.. but to continue use Transfer wise
you know any other transfer able to transfer JPY? Thanks in advance

This post has been edited by yehlai: Jul 22 2020, 02:33 AM
TSYggdrasil
post Jul 22 2020, 10:06 AM

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QUOTE(yehlai @ Jul 22 2020, 02:25 AM)
Then no choice.. but to continue use Transfer wise
you know any other transfer able to transfer JPY? Thanks in advance
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Banks. But it's much more expensive.
David_Yang
post Jul 22 2020, 02:15 PM

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QUOTE(yehlai @ Jul 22 2020, 03:25 AM)
Then no choice.. but to continue use Transfer wise
you know any other transfer able to transfer JPY? Thanks in advance
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What you complain? TW is already so cheap for MYR to JPY.

The only pair I ever saw IR a little bit cheaper is MYR/SGD. But also not always, right now TW is cheaper.
yehlai
post Jul 22 2020, 02:42 PM

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QUOTE(David_Yang @ Jul 22 2020, 02:15 PM)
What you complain? TW is already so cheap for MYR to JPY.

The only pair I ever saw IR a little bit cheaper is MYR/SGD. But also not always, right now TW is cheaper.
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transfer 6 digit amount, don't mind if can get cheaper rate.
TSYggdrasil
post Jul 22 2020, 03:09 PM

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QUOTE(yehlai @ Jul 22 2020, 02:42 PM)
transfer 6 digit amount, don't mind if can get cheaper rate.
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For huge amounts, try negotiating with bank manager for better rate.
tadashi987
post Aug 18 2020, 04:53 PM

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anyone used sunway money here before? seems rate is kinda good
David_Yang
post Aug 18 2020, 07:02 PM

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QUOTE(tadashi987 @ Aug 18 2020, 05:53 PM)
anyone used sunway money here before? seems rate is kinda good
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Yeah, looks not bad.

For EUR almost as good as TW and better than IR.

And for SGD much better than the other two, nice.

This post has been edited by David_Yang: Aug 18 2020, 07:03 PM
tadashi987
post Aug 18 2020, 08:07 PM

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QUOTE(David_Yang @ Aug 18 2020, 07:02 PM)
Yeah, looks not bad.

For EUR almost as good as TW and better than IR.

And for SGD much better than the other two, nice.
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yeah it seems the MYR-SGD rate is the best among all, just that the transfer time seems would take T+2 business days for transactions submitted before 4.00pm Malaysia time, and up to T+3 business days for transactions submitted after 4.00pm., which is a bit slower
TSYggdrasil
post Aug 18 2020, 08:53 PM

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QUOTE(David_Yang @ Aug 18 2020, 07:02 PM)
Yeah, looks not bad.

For EUR almost as good as TW and better than IR.

And for SGD much better than the other two, nice.
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QUOTE(tadashi987 @ Aug 18 2020, 08:07 PM)
yeah it seems the MYR-SGD rate is the best among all, just that the transfer time seems would take T+2 business days for transactions submitted before 4.00pm Malaysia time, and up to T+3 business days for transactions submitted after 4.00pm., which is a bit slower
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Wah so cheap. Just heard about it. Even better than Instarem/TransferWise etc

Gwynbleidd
post Aug 18 2020, 09:33 PM

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Deleted.

This post has been edited by Gwynbleidd: Aug 18 2020, 09:38 PM
Arhat
post Aug 19 2020, 10:58 PM

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QUOTE(Yggdrasil @ Oct 28 2019, 11:34 PM)
Sorry, I am confused with your analysis. If Transferwise has the closest rate to Xe , then why is it the most expensive of the three?

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