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

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hedfi
post Apr 24 2021, 12:13 PM

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If sending RM200k to AUD or GBP, it's cheaper using CIMB cos don't have to incur many times charges cos max for Wise is only 30k per transaction right?
hedfi
post Apr 24 2021, 12:54 PM

On my way
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Junior Member
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QUOTE(Ramjade @ Apr 24 2021, 12:19 PM)
Wrong. Cause the rates charge by CIMB is more than the fees by Wise.
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Sending RM30k to Oz cost RM160+. 200k is 7x ie. more than a thousand just on fees alone, rates is better now at CIMB for PB customer but need to check rate before sending and compare who's cheaper
hedfi
post Apr 24 2021, 01:39 PM

On my way
****
Junior Member
649 posts

Joined: Jan 2003
From: KL


QUOTE(Yggdrasil @ Apr 24 2021, 01:26 PM)
Sending huge amount sometimes you can try negotiating. Why not drop Wise and CIMB an email and ask them to quote you best price.
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CIMB will give special rate but Wise I don't know
hedfi
post Jul 12 2021, 10:08 PM

On my way
****
Junior Member
649 posts

Joined: Jan 2003
From: KL


QUOTE(babyscouts @ Jul 12 2021, 07:03 PM)
My friend is not confident with myr
He suggest to transfer all his 1 million ringgit saving to SGD
What is the best way and to which bank
Thank you all.
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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
hedfi
post Mar 2 2022, 12:27 AM

On my way
****
Junior Member
649 posts

Joined: Jan 2003
From: KL


Hopefully Wise will be more widely accepted than BigPay, tried some outlets in Oz and rejected

 

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