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 Wise (Transferwise) Malaysia Discussion, v1.0

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chrysm P
post May 15 2020, 03:38 PM

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QUOTE(weisinx7 @ May 15 2020, 08:18 AM)
yea, i did receive the email and they mentioned about the compensation of some RM, but still didn't see the money in my account. I still can see the borderless account in my account now
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Didn't see the RM in my acc either. Sent an email and this is what I got from them:

Three weeks ago, we planned to close borderless for Thailand and Malaysia residents. We sent out emails to our customers but since then we’ve had a chance to revisit the decision and have decided to no longer close borderless for new or existing users in Thailand, or for existing users in Malaysia. This means that only new users with a Malaysia address will not be able to get borderless accounts.
waghyu
post May 15 2020, 03:42 PM

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QUOTE(chrysm @ May 9 2020, 12:46 AM)
Is Paypal the only viable option for holding USD?
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Get foreign account example with HSBC.

Paypal is expensive due to rate.
TSweisinx7
post May 15 2020, 04:50 PM

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QUOTE(chrysm @ May 15 2020, 03:38 PM)
Didn't see the RM in my acc either. Sent an email and this is what I got from them:

Three weeks ago, we planned to close borderless for Thailand and Malaysia residents. We sent out emails to our customers but since then we’ve had a chance to revisit the decision and have decided to no longer close borderless for new or existing users in Thailand, or for existing users in Malaysia. This means that only new users with a Malaysia address will not be able to get borderless accounts.
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i see, thanks
000022
post May 16 2020, 12:29 PM

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QUOTE(chrysm @ May 15 2020, 03:38 PM)
Didn't see the RM in my acc either. Sent an email and this is what I got from them:

Three weeks ago, we planned to close borderless for Thailand and Malaysia residents. We sent out emails to our customers but since then we’ve had a chance to revisit the decision and have decided to no longer close borderless for new or existing users in Thailand, or for existing users in Malaysia. This means that only new users with a Malaysia address will not be able to get borderless accounts.
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Thanks for sharing, I restarted the email thread I had previously with TW support, but hadnt gotten a reply yet unfortunately. I'm still wondering how this will pander out, I'm just worried if I move funds back in again, and this happened again, it's so disruptive...
rjb123
post May 16 2020, 05:54 PM

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I only opened my TW a few weeks ago and using the account to deposit GBP, works fine ... no issues. Guess I was just in time!
chrysm P
post May 16 2020, 06:26 PM

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QUOTE(000022 @ May 16 2020, 12:29 PM)
Thanks for sharing, I restarted the email thread I had previously with TW support, but hadnt gotten a reply yet unfortunately. I'm still wondering how this will pander out, I'm just worried if I move funds back in again, and this happened again, it's so disruptive...
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Hopefully they are not fickle-minded and decide to revise it once again. I've pulled out all my funds then they sent the update doh.gif
jas029
post Jul 16 2020, 10:17 AM

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hi guys.. how do u actually use transferwise to send MYR to SGD?

when I tried to perform such transaction, I can't seems to find the option to actually fund the MYR first before i can actually make the transfer?

do u guys fund the MYR using ur bank account? credit card?
Ramjade
post Jul 16 2020, 10:34 AM

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QUOTE(jas029 @ Jul 16 2020, 10:17 AM)
hi guys.. how do u actually use transferwise to send MYR to SGD?

when I tried to perform such transaction, I can't seems to find the option to actually fund the MYR first before i can actually make the transfer?

do u guys fund the MYR using ur bank account? credit card?
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Login to TransferWise.
At the top left (your left) will have button send money. Click that.

This post has been edited by Ramjade: Jul 16 2020, 10:34 AM
jas029
post Jul 16 2020, 11:21 AM

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QUOTE(Ramjade @ Jul 16 2020, 10:34 AM)
Login to TransferWise.
At the top left (your left) will have button send money. Click that.
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upon that, was navigated to the page where they required ID verification.. apologise i havent verify yet..

but would like to know after that, what are the options to fund the transfer of MYR to SGD? is it through our m'sia bank?

m'sian bank -> transferwise (exchange MYR into SGD) -> sg bank
Ramjade
post Jul 16 2020, 12:25 PM

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QUOTE(jas029 @ Jul 16 2020, 11:21 AM)
upon that, was navigated to the page where they required ID verification.. apologise i havent verify yet..

but would like to know after that, what are the options to fund the transfer of MYR to SGD? is it through our m'sia bank?

m'sian bank -> transferwise (exchange MYR into SGD) -> sg bank
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Go get verified then come back.
Funding is via FPX
jas029
post Jul 16 2020, 12:59 PM

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QUOTE(Ramjade @ Jul 16 2020, 12:25 PM)
Go get verified then come back.
Funding is via FPX
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fpx.. ok that answered all my queries

thanks for the info
chrysm P
post Oct 20 2020, 03:36 PM

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Anybody had issues receiving overseas payment via Transferwise?
dwRK
post Oct 20 2020, 03:39 PM

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QUOTE(chrysm @ Oct 20 2020, 03:36 PM)
Anybody had issues receiving overseas payment via Transferwise?
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last month np
chrysm P
post Oct 20 2020, 04:26 PM

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QUOTE(dwRK @ Oct 20 2020, 03:39 PM)
last month np
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May I asked if you've received payment from any new contacts after they restored the borderless service?
dwRK
post Oct 20 2020, 06:15 PM

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QUOTE(chrysm @ Oct 20 2020, 04:26 PM)
May I asked if you've received payment from any new contacts after they restored the borderless service?
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sorry. didn't use borderless
TSweisinx7
post Oct 20 2020, 08:08 PM

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so far no problem, used it like weekly, but same contact
cheezzzz
post Dec 22 2020, 03:58 PM

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anyone know how to avoid paypal conversion rate by withdrawing paypal balance to transferwise borderless?

since it is no longer available - are there other altneratives?

I dont want to lose 2-2.9% of my total to Paypal's horrible conversion rate
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post Feb 3 2021, 12:01 AM

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any update on this? i can still see the multi currency tabs
Ziet Inv
post Mar 15 2021, 11:10 AM

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Just funded my USD borderless account, seems to have no issue but I could be missing something. Anyone still hold foreign currencies (non MYR) in their borderless acount?

TSweisinx7
post Mar 15 2021, 01:29 PM

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it's just some error from their side, should be no issue now. Also now they changed their name to Wise , and exchange speed is quite fast as well, within half an hour i can see the the money in my local bank already.

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