Paypal or Maybank currency conversion
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 Nov 18 2019, 11:29 PM, updated 7y ago
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#1
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Senior Member
1,628 posts Joined: May 2013 
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Hi,
I will have either one of the method (Paypal or Maybank) to convert my money receive from USD to MYR. For Maybank, the receipiant will send the USD to my debit card which Maybank will convert it directly to MYR in my saving account. Which one will enable me to save more money in MYR? Thank you. |
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Nov 19 2019, 12:16 AM
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#2
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Senior Member
1,628 posts Joined: May 2013
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QUOTE(Ramjade @ Nov 19 2019, 01:04 AM) None. Use transferwise. Hi Ramjade, I do not have choice. So I have to choose between Paypal or Maybank. |
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Nov 19 2019, 12:49 AM
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#3
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Senior Member
1,628 posts Joined: May 2013
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QUOTE(Ramjade @ Nov 19 2019, 01:46 AM) What do you mean you have no choice? The sender only allow me to choose one of the method to receive the fund. |
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Nov 19 2019, 01:08 AM
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#4
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Senior Member
1,628 posts Joined: May 2013
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QUOTE(Ramjade @ Nov 19 2019, 01:58 AM) Ask them do they accept US bank account (US based)? Unfortunately, they do not have.If yes you are clear to go for transferwise. They have a virtual US bank account which you can received USD. I have used it before and it works. If no then you are out of luck. |
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Nov 20 2019, 06:58 PM
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#5
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Senior Member
1,628 posts Joined: May 2013
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QUOTE(hyperzz @ Nov 20 2019, 05:15 PM) Use Maybank then. Paypal's rate is worse. Thank you for your reply.I will go ahead. I have some fund in USD and Sing dollar in Paypal. I know it will go through Paypal exchange rate then convert to MYR. Is there any method to transfer to Malaysian bank with the least cost? Thank you. |
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Nov 21 2019, 04:53 PM
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#6
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Senior Member
1,628 posts Joined: May 2013
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QUOTE(zstan @ Nov 21 2019, 05:27 PM) Maybank much, much better. Exchange rates on paypal is horrible I have foreign money stored in Paypal waiting to convert into MYR.Then I lost some money. Any ways to save? |
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Nov 21 2019, 05:06 PM
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#7
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Senior Member
1,628 posts Joined: May 2013
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QUOTE(zstan @ Nov 21 2019, 05:57 PM) if it's already in PayPal then it's too late lol. You can play around with the withdrawal and check the rates yourself. ok, thanks for comment. |
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