Can't remember...aiya, if need just topup RM100...what's the big deal. But I don't remember needing money to open account. Just pay RM17 or so  for card and postage.

You can provide if you have the foresight to time the market correctly but you can’t make much because of the wallet limit holdings is limit to rm20k 🤦‍♀️ hence the most you can make is about 6% until you hit the wallet limit assuming you bought this year at RM high at RM4.29 to the current price

Cause I want to transfer as much as possible per transaction and in dilemma whether to transfer more than AUD 3xxx (RM 10,000)equivalent per transaction.

So, RHB MCA is only good if you wish to bring back USD/SGD etc. but not willing/planning to immediately convert to MYR. (E.g., nearing retirement age/early years of retirement).

The outward TT fee is a big problem for investors who wish to use RHB MCA to park their monies temporarily while waiting for market to collapse/go south...

lol PIDM 250k. Malaysia can't print USD, SGD, EUR, CHF... that's always something to bear in mind ya.

It does not make sense for PIDM to compensate your lost SGD, USD, CHF with MYR.
why not?... rhb pays pidm a premium for protection up to rm 250k value... and now you have it
and they advertise as such...gives them a leg up against competitors that don't...

In a crisis, chances are MYR will depreciate sharply against those currencies, pay you 229,850 MYR now, the next moment, 229,850 may buy much less than 50k USD.
Moreover, in a crisis like a bank run, there will be a huge USD shortage in the market. Buying USD isn't as easy as you may think.
In the end, PIDM can always guarantee MYR, because BNM prints MYR. You can never guarantee a currency you don't print. The best PIDM can do is, as you say, pay you "at prevalent rates" the equivalent of your currency foreign currencies in MYR. But it begs to ask who will want MYR at that point? (Banks failing... Economy go south... 1998 Asian Financial Crisis repeats...)
sure. iirc gov stops ppl from any fx unless related to import/export.... these your currency risks when dealing with fx... nothing to do with insurance protection... same story with mt gox payout... nobody getting back all their bitcoins... just some dollar value at the time of the hack...

For some people, it defeats the purpose of placing USD/SGD etc. FD in the first place, should they know they get paid in MYR in the end.
they get back equivalent value only if rhb collapsed... better than nothing from some other banks...

But ok lah, that's just me. If you are happy with PIDM paying your foreign currency FD in MYR in the event of a bank run/crisis, that's perfectly fine.
yes i'm happy with some protection vs no protection... but not happy because only 250k... and chances of bank run causing big bank collapse is practically zero because ppl here poor af...

That is why most ppl blindly taking MCA will gives FX currencies when the fact the underlying current is still RM with PIDM protection 🤦‍♀️
money in the bank is just your imagination...what you really have is an IOU statement... but it sure was real when i spend it buying in USD... 

I still remember back in 98 when ppl are running around look for physical USD notes back then and as you say it is not easy to buy USD back then whether physical or through bank counters which is why the pegged was introduce to stem the outflow of RM
peg didn't stop the outflow lah...lol... it was the bnm rulling on remittance... lol...

So RHB MCA can help to
receive USD fund from IBKR, then keep as USD and transfer to TD Ameritrade in USD ya... ?

i never try before ... not sure can work or not ...

afraid if something wrong, dont know where the fund go 

RHB MCA is only good for one-way to convert MYR to foreign currency and save for the call or FD interest. Not a good two-ways routes for conversion. If you check the mid point of the conversion rate, you can observe it is toward high side of MYR-FCY. Hence the good rate of converting MYR to FCY.
Same thing happen to CIMB SG which has shifted mid point for SGD-MYR. I think either CIMB SG has big clients accumulating SGD behind the scene or they are divesting MYR in view of poorer total return on MYR.

Probably still Wise is the better choice. Today rate 4.58 (wise) vs 4.48 (RHB MCA).

The more I read at this post, the more I realize that people here just blindly believe in "Wise works towards maximizing the user benefit and minimizing cost".

Wise isn't the best for exchange rates and, like credit cards, it has hidden fees. Do your own research on the official website and don't just trust everything people say here.

Standard Chartered Jumpstart is a better card than Wise. Free overseas withdrawal too

And RHB MCA account is also better than Wise, but limited to 16 currencies only

Both cards give better conversion rates than Wise.

any of them support ACH into IBKR?
yes i tried to google already, but hard to find

Read through 🤦‍♀️ as mentioned many times RHB and SC

Hi, i would like to transfer USD from alliance online foreign currency account to my wise USD account. But alliance requires beneficiary bank name.

Does anyone know how i can get the bank name for wise usd account?

In the Wise app there is only Account Holder name, routing number, swift code, Account number and Wise's address.
there is no bank account name tho.

General rule of thumb ... Paypal is a ripoff.
They'll get you at least twice.
Once from their lousy exchange rate and then again on their processing/service fees.

Hi, I just registered for an account and planning buy USD GBP and once limit reach, can I transfer this foreign currency into my local bank foreign currency account? For example transfer from wise to HSBC or MBB foreign currency account?

Anybody had done this before?

Can share what is required? Destination IBAN n a/c number enu? I don’t see any option for Swift code entry

How much is the swift? currently buying thru banks is costly on the exchange rate