So I made a comparison to see which is the best.
Note: I did not transfer from BigPay yet so it did not charge a fee in my data. But their website says RM7 to Singapore banks. Hence, I deducted RM7 from the MYR to be sent before converting at their rates. Data: https://imgur.com/a/9yxkOtj





See my pdf for more. Password (small caps): yggdrasil

Conclusion (28/10/2019)
Transferwise is most expensive. Don't use it unless you don't have a choice.
For amounts <RM5000, use Instarem.
For amounts >RM5000, use BigPay (Based on RM7 fee to Singapore. I could not see the fee as my first transfer is free).

Someone can correct me if I am wrong.

thanks for the analysis!

Does Instarem issue debit card like Transferwise?

Transferwise doesn't issue debit card to Malaysians right?

Thank you for the detailed analysis. This increased my confidence in using Instarem over BP.
I understand that BP would start to get cheaper at the MYR9k mark, but the difference would be too small to make a huge impact.
Got any validation for this info? I did ask CS previously, and they couldn't give me a definite answer.

Have used TW for a long time.
Their exchange rate into MYR used to be very good but their corresponding commission rate has been increased at least three times, IIRC.
As a result, the net exchange rate is closer to the bank's rate now.
The only good thing is the ability to lock in the rate when it is in your favor.

can I use Instarem to transfer USD to my Transferwise acc?

Hello sifus,

May I ask any alternatives for sending KRW to MYR?
It seems all 3 above does not support KRW.

I tried to search online but only found one "OSK" with minimum transfer 1000USD.

Have a nice day~

Hmm... maybe kinda risky since I'm not bitcoin expert
Yeah, any ideas?

Anybody received the email regarding the closure of Transferwise Borderless Account?

Received notification from Transferwise of Borderless Account closure. Must clear account by 14 May. Seems that this is affecting Malaysian resident only as you can still have your account reopened if you can prove that you are not Malaysian resident. Any other alternatives?

yup, received notification as well. Sent them a support email about this clarifying. Really sad news, especially at such a time.

I didn't receive any email either. We can still send from Malaysia to overseas and vice versa right?
Only thing is we can't keep $ in the wallet?

Ohh, I thought still can receive money from overseas (ie transfer from S'pore bank account SGD) and receive RM in Malaysia bank account. Guess I was wrong

Thanks. Just say hypotethically I have a brokerage account overseas in USD. Can I then transfer USD from that overseas brokerage account  and receive RM in my Malaysia bank account? (assuming both accounts are under my name)

Hi, does sending money using transferwise through credit card to top up my account incur cash advance fee?

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?

Sorry, I don't have time or money to try all four of them. I need to find the best.

How much is the fixed service fee for Transwise per transaction?

It's not a one-off, it's every several months one transfer.

Their verification process is complicated and troublesome . Wouldn't want to try all of them.

I am not in Malaysia so I can't give anything else other than my IC scan.

Hi all, may I know what's maximum transfer amount if using transferwise, instarem and sunway money?
Yesterday I tried transferring via transferwise RM5000 to SGD and the fee was RM25 , and money match only charged me RM8,  seems money match fee is much lower compare to transfer wise.

What is your SOP when planning a transfer on day X, just transfer on the day itself or try to monitor exchange rate just before/after (if so, how long will you wait)?

Yeah that part I'm clear (OP is very well written), but day to day rates will change right? How often do InstaRem/TW etc. update their rates, and is it ever worth it to wait a few days (or transfer earlier than your planned)?

One question for Instarem users.

I performed a transaction to transfer MYR to SGD (my SG bank account) today, but then when I login to Instarem, I could no longer transfer HKD to MYR/SGD anymore.

The currency to be converted is fixed at MYR and can't be changed. Is this normal? As I have bank accounts in SG, HK and Malaysia, I will deal with currencies in HKD, SGD and MYR often, so being able to convert SGD/HKD into the other currencies is important for me.

Is there any way to solve this issue?

Thanks for help, sifus.

So, TW offers transfer from multiple countries to multiple countries?

HK address not permanent, as it's my university hostel's address which only lasts for 3 years more for me, I don't want to transfer from an invalid address in the future and run into regulatory issues in HK.

TW is okay, their rates+charges only 1 dollar or so less than Instarem, good enough for not-so-frequent transfers.