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

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ky33li
post Dec 22 2020, 04:38 PM

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Junior Member
313 posts

Joined: Mar 2010
From: Kuala Lumpur


QUOTE(LostAndFound @ Dec 22 2020, 03:45 PM)
Is it just me or are TransferWise/InstaRem/BigPay all super much more expensive than SunwayMoney for SGD transfers now?

For 10k amount, the rates I'm seeing now are:-
BP - 3275.20 SGD (fees RM5)
Insta - 3270.22 SGD (fees RM45)
TW - 3271.82 SGD (fees RM56.72)
Sunway - 3281.71 SGD (fees RM-3.99)

Even though I have a RM60 transferwise coupon I'm not sure using it makes sense. Let's say I increase my transaction to 30k (only send 29940 from Sunway Money and TW to make comparison fair in terms of cost)

Sunway receives 9826.80
Instarem receives 9810.65
TW receives 9797.79

Is there something I'm missing here?
*
Agree best is sunway money. I manage to transfer at MYR3.03/SGD in the morning

 

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