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 Wise (Transferwise) Malaysia Discussion, v1.0

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1234_4321
post Sep 8 2022, 05:02 PM

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Would like to check with you all the best way to receive USD.

Wise USD account mentioned There’s a 4.14 USD fee to receive wire transfers.

If I get the payer to transfer to Saving MYR account in Malaysia, would it be cheaper ? I assume no charge when payer bear the SWIFT cost?
1234_4321
post Oct 31 2022, 03:36 PM

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QUOTE(PoisonSoul @ Oct 31 2022, 12:46 PM)
Hi sifus, need your explanation here. Sorry in advance if I am noob in my maths.

As per I'm typing right now, on the app it shows
100 SGD requires 336.93 MYR.
Where "Our Fee" is 1.98 MYR and Rate is 0.298551

Question: How was 336.93 MYR calculated out from 100 SGD? Simple maths will tell me 336.93/100 = 3.3693MYR/SGD but then how do they derive this number from?
*
SGD 100 / 0.298551 = 334.95 (MYR)
MYR 334.95 + MYR 1.98 Fee = MYR 336.93

Effective Rate:
MR 336.93/ SGD 100 = 3.3693 or
SGD 100 / MR 336.93 = 0.2967
1234_4321
post May 19 2023, 11:16 AM

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Does anyone withdraw money from ATM in thailand?
Is there any ATm charge?

I did it in Indonesia with no ATM charge, but not sure should I do the same for bangkok..

 

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