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 Wise (Transferwise) Malaysia Discussion, v1.0

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Mr Gray
post Oct 21 2023, 10:35 AM

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QUOTE(veloos @ Oct 21 2023, 10:21 AM)
user posted image
user posted image

My online banking app show the rate is not following special counter rate. When enquiries thru RHB CS, they
mention only applicable to over the counter.
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Do you have MCA Debit card? Special rate only applicable for those with MCA Debit card

Edit. I know. Just ignore the 4.95 rate, it will show correct rate once u select the USD. I also saw 4.95 initially, but it will be the cheaper exchange rate once I clicked usd.

https://ibb.co/qnFFnwW

https://ibb.co/Yb6McT9

This post has been edited by Mr Gray: Oct 21 2023, 10:39 AM
Mr Gray
post Oct 21 2023, 12:01 PM

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QUOTE(veloos @ Oct 21 2023, 11:23 AM)
Do have the MCA debit card... but the rate remain as expensive once clicked in. sad.gif
Try mobile apps also showing the same.

Seem may need to drop by branch to enquiries.

user posted image
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Yeah better go to branch and check
Mr Gray
post Feb 22 2024, 01:13 AM

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QUOTE(mamamia @ Feb 20 2024, 01:22 PM)
Sender n recipient is same, want to transfer the NZD to myself to Malaysia local bank, meaning need to open another wise acc in Malaysia only can transfer?
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It's a bit unclear. So u want to transfer from NZD to MYR bank account using Wise. Correct? Both NZD and MYR account are yours, correct? No necessary to apply for wise debit card. You what to transfer money, not use the debit card.

Do you actually have NZD bank account in New Zealand, or are you just referring to NZD account in Wise?

You only need one Wise account. Have you actually signed up for one?

AFAIK accounts registered outside Malaysia cannot hold MYR balance, so what happens is Wise will act as intermediary, and directly transfer your NZD to Malaysian bank account within seconds. I'm not sure if your wise account registered in Malaysia or NZ? You were a bit unclear.

So to summarise:

Transfer any currencies to MYR, using Malaysian bank account. Yes possible.

Transfer any currencies to Wise MYR balance. Possible if wise account registered in Malaysia, not possible if registered outside of Malaysia.

This post has been edited by Mr Gray: Feb 22 2024, 01:19 AM

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