FOREX: Instarem v BigPay v Transferwise, True as at 6/7/2020
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 Mar 6 2021, 04:11 PM
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#1
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All Stars
18,399 posts Joined: Oct 2010 
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QUOTE(Ramjade @ Mar 6 2021, 10:54 AM) No problem with them. All my application done online. Fuss free for me. I am repeated customer because their rates are super good. Is this Sunway Money good for sending tuition fees of Euro 42(per lesson per week) to Austria's bank account? This post has been edited by MGM: Mar 6 2021, 04:12 PM |
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Jul 12 2021, 10:54 PM
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#2
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All Stars
18,399 posts Joined: Oct 2010
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QUOTE(hedfi @ Jul 12 2021, 10:08 PM) 1 Mil will take 34 days by Wise cos max a day is 30k. Can use Wise, Instarem and Sunway Money for total 90k a day. Sunway money has better rate for SG, difference can be SGD30-40 per MYR30k What if compare with foreign curency account in local banks, difference based on MYR30k? |
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Jul 13 2021, 01:06 AM
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#3
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All Stars
18,399 posts Joined: Oct 2010
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QUOTE(Ramjade @ Jul 12 2021, 11:10 PM) As long as you are using banks get ready to be charged extra markup by 2-3% for each transaction/conversation. Thanks. But i dont quite understand your 2nd sentence:Only way is fintech then deposit into Interactive Broker and you can convert at market rate (even cheaper than fintech) Using Instarem or BigPay or Transferwise to transfer to IB? What is even cheaper than fintech? |
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Jul 13 2021, 09:43 AM
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#4
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All Stars
18,399 posts Joined: Oct 2010
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QUOTE(Ramjade @ Jul 13 2021, 08:19 AM) No use fintech to transfer to sg nank account. Then deposit SGD into interactive broker. From there convert using interactive broker. Interactive broker conversion rate is the lowest in town. No priority banking/fintech can beat their rates as they are giving you interbank rates. I don't think private bank also can get those rates. Cause the rates offer by Interactive broker is what the banks use to exchange currency among themselves. Thanks for a clear explanation, appreciate it.You can convert millions and only pay USD2.00/conversion. That's it. No markup rates. No hidden fees. No extra fees. |
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