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

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dwRK
post Oct 28 2019, 11:58 PM

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I would just include the RM 7 fee... ignore 1st xfer offer...this to be 'fair' comparison

I want to xfer... usd to myr, too bad bigpay don't support

Transferwise has a sweet spot I think if big amount it goes to a lower fee tier...

This post has been edited by dwRK: Oct 29 2019, 12:02 AM
dwRK
post Oct 29 2019, 12:22 AM

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QUOTE(Yggdrasil @ Oct 29 2019, 12:10 AM)
Yes. I included RM7 fee in my data. Although here didn't say:

user posted image

I included the RM7 cost by:

1) Subtracting RM7 from the MYR to be sent. E.g. Send RM100 but minus RM7.
2) So technically one is sending RM93 at their exchange rate of 0.324198.
3) The actual SGD received should be SGD 30.15 [(100-7) x 0.324198.]

This was already in my results above.
*
thumbup.gif

Obviously I don't know how to read.... biggrin.gif
dwRK
post Oct 29 2019, 12:40 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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RM30k is bank negara limit... Buy you can transfer a bit more than USD200k to MYR...

And it now seems that Instarem is cheaper... there was a time it flips over to Transferwise...lol
dwRK
post Nov 2 2019, 11:32 AM

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QUOTE(chidori @ Nov 2 2019, 11:21 AM)
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~
*
Buy bitcoin, send to luno Malaysia, sell & withdraw... biggrin.gif

If price crash before selling then gg

This post has been edited by dwRK: Nov 2 2019, 11:33 AM
dwRK
post Sep 16 2020, 04:57 PM

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QUOTE(TOS @ Sep 16 2020, 04:22 PM)
So, TW offers transfer from multiple countries to multiple countries?
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yes
dwRK
post Aug 5 2021, 10:07 PM

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QUOTE(tadashi987 @ Aug 5 2021, 09:24 PM)
anyone here used maxmoney?
https://www.maxmoney.com/my/

seem rate is even better than BigPay/SunwayMoney
*
nice

I wanna transfer usd in... so far still only wise...
dwRK
post Aug 26 2021, 06:21 PM

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USD-MYR charts not looking good... so quickly did a Wise USD to MYR few days back during start of the big drop... around 4.22

scheduled my bank wire and Wise xfer back-to-back

Wise is now saying my USD didn't arrive on time... ask me to approve a lower rate so they don't rugi so much... what the heck...

This post has been edited by dwRK: Aug 26 2021, 06:22 PM
dwRK
post Aug 26 2021, 07:27 PM

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QUOTE(xander83 @ Aug 26 2021, 07:02 PM)
Where not good currently trading 4.1920  doh.gif

Better change the few days because of Jackson Hole
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bringing $ back... weak myr is good for me smile.gif
dwRK
post Aug 26 2021, 08:16 PM

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QUOTE(xander83 @ Aug 26 2021, 07:42 PM)
Then you are looking chart instead  doh.gif

You should be looking at MYRUSD instead
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of course... maximize my myr

myrusd = 1/usdmyr... it's all the same to me lah...
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
dwRK
post Apr 20 2022, 07:08 PM

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since I only transfer money back to Malaysia... everyone sucks except wise... laugh.gif
dwRK
post Apr 20 2022, 07:10 PM

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QUOTE(Ramjade @ Apr 20 2022, 01:30 PM)
Hopefully revolut and mymy faster set up shop. More competition is good.
*
also waiting to see what the digital banks can offer
dwRK
post Apr 21 2022, 08:36 AM

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QUOTE(Ramjade @ Apr 20 2022, 10:34 PM)
Don't put your hopes up too high. Those digital banks like grab, Shopee losing money.

We need more people like TransferWise to set up shop in Malaysia.
*
more competition is good, no? plus we just users not investors...

but problem is once saturated no incentives for new players to come in...

 

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