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 Wise (Transferwise) Malaysia Discussion, v1.0

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SUSTOS
post Mar 2 2023, 10:37 AM

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Revolut's users beware.

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CommodoreAmiga
post Mar 2 2023, 04:58 PM

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QUOTE(TOS @ Mar 2 2023, 10:37 AM)
Revolut's users beware.

» Click to show Spoiler - click again to hide... «

*
Fuiyo...better quickly take out your money.... sweat.gif
bokbokchai
post Mar 2 2023, 10:20 PM

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Hi guys, anyone used wise in South Korea? Still need to use pin during wave contactless?
!@#$%^
post Mar 2 2023, 10:58 PM

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anybody has successfully changed their wise pin in malaysia atm?
nanan75
post Mar 7 2023, 09:01 PM

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Managed to activate my card via pin (4 digits).

Subsequently able to paywave.

Hope can use paywave in uk (tube) and europe few months from now.
touristking
post Mar 8 2023, 03:35 AM

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QUOTE(TOS @ Mar 2 2023, 03:37 AM)
Revolut's users beware.
This is why I want to know more about RHB's multi currency card. Like, how does it compares to Wise for conversion rates and fees?

This post has been edited by touristking: Mar 8 2023, 03:37 AM
Mr Gray
post Mar 8 2023, 06:54 AM

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QUOTE(nanan75 @ Mar 7 2023, 09:01 PM)
Managed to activate my card via pin (4 digits).

Subsequently able to paywave.

Hope can use paywave in uk (tube) and europe few months from now.
*
Just try your wave at several shops in Malaysia first. Experience for many people, so many terminal cannot wave.

Please update if it is no longer the case
CommodoreAmiga
post Mar 8 2023, 09:08 AM

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QUOTE(nanan75 @ Mar 7 2023, 09:01 PM)
Managed to activate my card via pin (4 digits).

Subsequently able to paywave.

Hope can use paywave in uk (tube) and europe few months from now.
*
Where did you use paywave? Can guaranteed 9 out of 10 won't work.
leo2010
post Mar 8 2023, 09:36 AM

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QUOTE(touristking @ Mar 8 2023, 03:35 AM)
This is why I want to know more about RHB's multi currency card. Like, how does it compares to Wise for conversion rates and fees?
*
It depends on what currency you want to convert. A snapshot for your reference (~ 9:30am)

RHB MCA :

MYR4525 --> USD1000 (all inclusive)

Forex rate gets refreshed every 5-10min

There is a RM20 annual fee for the debit card

$$ in your call account gets to earn daily interest, accrued by end of the month.

https://www.rhbgroup.com/treasury-rates/mul...osit/index.html

https://www.rhbgroup.com/treasury-rates/mul...card/index.html (indicative)


Wise :

MYR4534.66 --> USD1000 (all inclusive)



frankliew
post Mar 8 2023, 09:38 AM

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So far i use RHB MCA debit is best. Good rate and got interest. Pidm also. Paywave no issue. Rm20 only con but got interest to cover or upgrade to premier. Yearly use rm3k can waive.
dwRK
post Mar 8 2023, 09:54 AM

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QUOTE(leo2010 @ Mar 8 2023, 09:36 AM)
It depends on what currency you want to convert. A snapshot for your reference (~ 9:30am)

RHB MCA :

MYR4525 --> USD1000 (all inclusive)

Forex rate gets refreshed every 5-10min

There is a RM20 annual fee for the debit card

$$ in your call account gets to earn daily interest, accrued by end of the month.

https://www.rhbgroup.com/treasury-rates/mul...osit/index.html

https://www.rhbgroup.com/treasury-rates/mul...card/index.html (indicative)
Wise :

MYR4534.66 --> USD1000 (all inclusive)
*
wise more expensive... lol
nanan75
post Mar 8 2023, 11:54 AM

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QUOTE(CommodoreAmiga @ Mar 8 2023, 09:08 AM)
Where did you use paywave? Can guaranteed 9 out of 10 won't work.
*
at Isetan KLCC food dept.
CommodoreAmiga
post Mar 8 2023, 01:30 PM

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QUOTE(nanan75 @ Mar 8 2023, 11:54 AM)
at Isetan KLCC food dept.
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QUOTE
Working list of Contactless WiSE in Malaysia.

1.  Village Grocer (Citta Mall)
2.  7-11
3.  Surian Tower Parking
4.  McDonald’s
5.  Starbucks
6.  FamilyMart
7.  Mynews (branch dependent)
8.  Sunway Nexis Carpark
9.  Ikano Power Car Park
10. Isetan KLCC food dept.
Anyone who has working WISE contactless experience, please add to the list.

Anyone else wants to update , just  reply and add to this post.
As you can see, only a few places are working and it might not even apply to all the branches.

Please try a couple more places and report back.
xander2k8
post Mar 8 2023, 01:58 PM

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QUOTE(nanan75 @ Mar 8 2023, 11:54 AM)
at Isetan KLCC food dept.
*
At least try 10 different places ranging from 711 to Hotels instead 🤦‍♀️
touristking
post Mar 8 2023, 02:53 PM

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QUOTE(leo2010 @ Mar 8 2023, 02:36 AM)
It depends on what currency you want to convert. A snapshot for your reference (~ 9:30am)

RHB MCA :

MYR4525 --> USD1000 (all inclusive)

Forex rate gets refreshed every 5-10min

There is a RM20 annual fee for the debit card

$$ in your call account gets to earn daily interest, accrued by end of the month.

https://www.rhbgroup.com/treasury-rates/mul...osit/index.html

https://www.rhbgroup.com/treasury-rates/mul...card/index.html (indicative)
Wise :

MYR4534.66 --> USD1000 (all inclusive)
*
Thanks a lot. I guess time to give RHB a visit.

I have GBP account in HSBC. Can I buy GBP in RHB and transfer it to HSBC GBP account?

touristking
post Mar 8 2023, 03:02 PM

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QUOTE(leo2010 @ Mar 8 2023, 02:36 AM)
It depends on what currency you want to convert. A snapshot for your reference (~ 9:30am)

RHB MCA :

MYR4525 --> USD1000 (all inclusive)

Forex rate gets refreshed every 5-10min

There is a RM20 annual fee for the debit card

$$ in your call account gets to earn daily interest, accrued by end of the month.

https://www.rhbgroup.com/treasury-rates/mul...osit/index.html

https://www.rhbgroup.com/treasury-rates/mul...card/index.html (indicative)
Wise :

MYR4534.66 --> USD1000 (all inclusive)
*
I look at the rate here and it's very bad. The rates for using RHB MC debit card different rates?

https://www.rhbgroup.com/treasury-rates/mul...card/index.html
ragk
post Mar 8 2023, 03:15 PM

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I just apply this card, i have 2 question

#1. How long it take to receive your card in Malaysia? Applied early this month, and going to NZ at the end of April, wanna to try how this card workout on oversea.
#2. If i wanted to spend on NZD, so I top up NZD currency first, thn if i withdraw at NZ it will reduce from my NZD acc? Would it work if i only top up MYR?
leo2010
post Mar 8 2023, 03:32 PM

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QUOTE(touristking @ Mar 8 2023, 03:02 PM)
I look at the rate here and it's very bad. The rates for using RHB MC debit card different rates?

https://www.rhbgroup.com/treasury-rates/mul...card/index.html
*
Apply for MCA with Multi-Currency Visa Debit Card.

Refer to the right most columns under "Multi Currency Account/-i Debit Card Special Counter Rate*"


leo2010
post Mar 8 2023, 03:38 PM

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QUOTE(touristking @ Mar 8 2023, 02:53 PM)
Thanks a lot. I guess time to give RHB a visit.

I have GBP account in HSBC. Can I buy GBP in RHB and transfer it to HSBC GBP account?
*
It can NOT be done online but I was told you can do so over the counter, with outgoing transfer charges


https://www.rhbgroup.com/others/service-charges/index.html



leo2010
post Mar 8 2023, 03:50 PM

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QUOTE(leo2010 @ Mar 8 2023, 03:32 PM)
Apply for MCA with Multi-Currency Visa Debit Card.

Refer to the right most columns under "Multi Currency Account/-i Debit Card Special Counter Rate*"
*
Latest @ 3:44pm

RHB MCA :

MYR4,536.50 --> USD1000 (all inclusive)


Wise :

MYR4,548.48 --> USD1000 (all inclusive)


Latest @ 3:50pm

RHB MCA :

MYR5,363.60 --> GBP1000 (all inclusive)


Wise :

MYR5,377.20 --> GBP1000 (all inclusive)

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