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?

No such email for me.

So Transferwise cannot be use to receive money from overseas anymore?

Is Instarem able to receive money from overseas such as UK, same functionality as borderless account?

Ya cannot keep money only. Cannot received money overseas unless you have revolut.

Can still transfer sgd -> myr. But you cannot received USD from overseas company say you are freelancing and company pay you usd.

Can. You pay more only aka once it become RM in your bank account = less RM for you.