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 Wise (Transferwise) Malaysia Discussion, v1.0

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SUSRazer_coc
post Aug 20 2024, 04:00 AM

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Now wise card can’t be added to TNG anymore ?
Curs3dZed
post Aug 20 2024, 11:29 AM

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QUOTE(john123x @ Aug 8 2024, 11:54 AM)
i can confirm for now, transfering SGD to SG Bank Account got no charge. I did it yesterday.

The reason why I am shocked because "IT DOEST MAKE SENSE".

SGD to SG Bank = NO CHARGE
MYR to MY Bank = FEE

We all know Instant Transfer and DuitNow Transfer between Local Malaysian Banks are free. Why WISE is charging us a fee?
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If not mistaken:
In SG, Wise use FAST transfer (no fee).
In MY, Wise not having DuitNow but use MEPS (got fee).

blissandecstasy
post Aug 22 2024, 08:57 PM

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Hey gang, Just open my wise account recently. Will travel to Europe in this few months. So my question is should I put my money on Jar or Balance account? Which one is better?
ClarenceT
post Aug 23 2024, 10:09 AM

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QUOTE(blissandecstasy @ Aug 22 2024, 08:57 PM)
Hey gang, Just open my wise account recently. Will travel to Europe in this few months. So my question is should I put my money on Jar or Balance account? Which one is better?
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RM or Euro?
magika
post Aug 24 2024, 05:13 PM

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Why Wise today exchange rate vs Yen n Thai baht so bad today ? Money changer better rate . Thai baht I use past few days got excellent rate but today it plunge badly.

Garysydney
post Aug 24 2024, 05:56 PM

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QUOTE(magika @ Aug 24 2024, 05:13 PM)
Why Wise today exchange rate vs Yen n Thai baht so bad today ? Money changer better rate . Thai baht I use past few days got excellent rate but today it plunge badly.
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Malaysian ringgit exchange rate doesn't get updated after Friday evening as the ringgit is regulated by BNM and BNM doesn't work weekends.

Ringgit last traded around 4.375 on Friday evening and the ringgit exchange rate will be updated (by BNM) on Monday morning. US dollar has been falling last night because US interest rates look set to be cut next month (https://edition.cnn.com/2024/08/23/economy/rate-cut-size/index.html) so yen has been appreciating last night.

Expect ringgit to strengthen on Mon morning because US dollar has traded lower on Friday night.

Due to expectation of US rates to be falling soon, US Dow, Nasdaq and SP500 all rose fairly strongly last night. Yipee!!

This post has been edited by Garysydney: Aug 24 2024, 05:56 PM
blissandecstasy
post Aug 25 2024, 03:30 AM

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QUOTE(ClarenceT @ Aug 23 2024, 10:09 AM)
RM or Euro?
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Euro n gbp
biertrinker
post Aug 25 2024, 10:18 AM

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QUOTE(moonsatelite @ Aug 1 2024, 09:30 AM)
short answer, no
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What's the long answer?
Medufsaid
post Aug 25 2024, 12:13 PM

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biertrinker cross-border fees could be subsidized, not free forever

Always check fees updates, many caught unaware that sending USD increased from USD0.39 to USD1.13. What is free now might change in future

This post has been edited by Medufsaid: Aug 25 2024, 04:33 PM
jhleo1
post Aug 26 2024, 01:08 PM

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My wife create Wise account use my referral code which can select "Here’s a free card or transfer for Wise" from the link. However why she was charged RM13.70? I helped her to check but no option to select free card or transfer also.
Medufsaid
post Aug 26 2024, 01:26 PM

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jhleo1 DM me your referral link? i go check
jhleo1
post Aug 26 2024, 01:35 PM

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Done. Sorry for trouble you to check.

QUOTE(Medufsaid @ Aug 26 2024, 01:26 PM)
jhleo1 DM me your referral link? i go check
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jhleo1
post Aug 26 2024, 08:03 PM

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Emailed to Wise to report "BUG" because wise checked everything included referral code could not found any problems. Asked to cancel the card order & redo. If still doesn't work, pay first and wise will refund back the RM13.70.

QUOTE(jhleo1 @ Aug 26 2024, 01:08 PM)
My wife create Wise account use my referral code which can select "Here’s a free card or transfer for Wise" from the link. However why she was charged RM13.70? I helped her to check but no option to select free card or transfer also.
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D.gRave
post Aug 31 2024, 09:07 AM

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Anybody know, banking like Wise but without the caps of 20k?


Justmua
post Aug 31 2024, 09:25 AM

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20K cap is by BNM, not by Wise. Hence, any similar competitors will still have this regulatory limitation.

QUOTE(D.gRave @ Aug 31 2024, 09:07 AM)
Anybody know, banking like Wise but without the caps of 20k?
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jhleo1
post Aug 31 2024, 12:53 PM

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So if WISE oversea issue card eg SG can put more than RM20K value or equivalent currencies?

QUOTE(Justmua @ Aug 31 2024, 09:25 AM)
20K cap is by BNM, not by Wise. Hence, any similar competitors will still have this regulatory limitation.
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This post has been edited by jhleo1: Aug 31 2024, 12:53 PM
Medufsaid
post Aug 31 2024, 01:28 PM

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jhleo1 country of residence must not be malaysia

user posted image

singapore have their own set of limitations

user posted image

This post has been edited by Medufsaid: Aug 31 2024, 01:30 PM
jhleo1
post Aug 31 2024, 01:42 PM

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Ya I google, diff countries diff control.

QUOTE(Medufsaid @ Aug 31 2024, 01:28 PM)
jhleo1 country of residence must not be malaysia

user posted image

singapore have their own set of limitations

user posted image
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chukahae
post Aug 31 2024, 10:54 PM

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Hi. Is it possible to transfer japenese yen from one wise account to another? Is there any fee for the transfer?

Thank you.
mhyug
post Sep 1 2024, 09:42 PM

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QUOTE(chukahae @ Aug 31 2024, 10:54 PM)
Hi. Is it possible to transfer japenese yen from one wise account to another? Is there any fee for the transfer?

Thank you.
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Yes its possible, no charges for transfers of same currency

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