DarkCoffee I believe your AirBNB is most likely based in singapore (but charging you in RM). if it's really locally based in Malaysia, you can complain to Bigpay and ask to undo the 1.5% fee

This post has been edited by Medufsaid: Nov 26 2023, 03:24 PM

Even if they are based in Malaysia, they still can make use of foreign payment gateways, so it's best to avoid any cards that come with these fees.

It's been a long time since we've had any reason left to opt for BigPay.

Hi Medufsaid,
Need your advise on the above, I just received the USD in my USD account. How do I convert it to ringgit (point 4 above)? (before reloading into my TnG )
Thanks.

This post has been edited by amy33: Nov 27 2023, 03:47 PM

do you have this? amy33



This post has been edited by Medufsaid: Nov 27 2023, 03:59 PM

Hi,
Yes, so I convert USD to MYR. And once converted, I use this MYR balance to reload into TnG etc ?

yup correct

Thanks so much, Medufsaid

Hi all, reading through many messages, most of you make use of Wise for account transfer purposes..any idea if it's worth using it for travelling purposes? i.e. making it as a debit card for payment in overseas. Or actually taking foreign cash is a better option?

I did that previously in Singapore - like cards to swipe for expenses. I use it with Fave/GrabPay and it works for me.

Wise got lousy rates for travelling. Jumpstart have better rates. But limit is only RM6k.

yup i used it alot during trip to germany. i would say is a god given convenience

I always consider having cash to travel is a bad option. You always end up with coins where you don’t know what to do with after the trip. Euro 1 dollar 2 dollar like that. Go change back then very hassle and time consuming. Also u get charged double the exchange rate since you first exchange myr to intended currency then back to myr again.

However some places you have to use cash like Japan and Taiwan. If card works, just use cards. Wise is good for travelling in europe imo cuz everything can be settled with paywave. One of thing is VAT claim like tax claim for luxury bag bought overseas. If you have CC then refund is so much easier compare to cash. Not sure if you can request VAT CLAIM if you pay by cash

This post has been edited by bokbokchai: Nov 29 2023, 01:54 PM

why 6k?

You can spend only RM6k/day.

Not sure whether I can link Wise to IBKR and then transfer MYR to IBKR and then do the MYR to USD in IBKR? Is it allowed?

IBKR doesn't accept MYR. it's using Wise to convert to USD/SGD. then in IBKR, convert SGD to USD at U$2 per $100k.

if IBKR accepts RM natively and we can convert to USD by paying U$2, we can kiss Wise/sunwaymoney/etc goodbye

This post has been edited by Medufsaid: Nov 29 2023, 03:21 PM

What's the source of your info? I've had no difficulties in withdrawing more than 6k.

After several trials and comparisons with IBKR deposits recently, the best method I've identified is to initially convert MYR to USD at Wise, and then execute a USD Wise Balance Transfer at IBKR.

Not about withdrawing. It's about using the card. Maximum transaction is RM6k on the card. From standard charted website. If you are priority customer then RM10k.

I made the withdrawals in Japan through the Visa Plus network.

I've gone through the T&C for the account and card, I don't believe there's a spending limit in place.

This post has been edited by Steve78: Nov 30 2023, 12:02 AM