So next time if I wanna transfer to IBKR how? I deposit money direct into my USD wise then transfer to IBKR. After May 2022 I can’t do so anymore?

Nvm got the answer from this post. Thanks

This post has been edited by Davidtcf: Dec 31 2021, 04:44 PM

Wtf this is year 2020 thread. Who went and resurrect this thread? Darn

It says wise closing borderless account in year 2020. I was thinking it is referring to 2022. Check title of thread. After read closely only realise.

So no more such news of them closing borderless account right for Malaysia? Now smooth sailing adi?

This post has been edited by Davidtcf: Jan 5 2022, 09:14 AM

currently if you transfer above USD2k+ to receiving in Wise account, then Wise is cheaper:
https://www.youtube.com/watch?v=gZQGDscCuro&t=330s

If below that amount, transfer to CIMB SG method is cheaper. Can check his other videos on how to do that.

This post has been edited by Davidtcf: Jan 5 2022, 11:41 AM

Anyone got transfer to wrong bank before? Did u manage to get back the money?

I was suppose to transfer to my SG CIMB but instead transferred to MY CIMB. It is my first time doing this transfer. I inserted my own name and SG CIMB bank account number. Funds still went through as Wise do not do any account number checking on their end.

Really frustrated now as wise don’t work on Saturday and Sunday. Haih all due to my stupidity didn’t check properly did the transfer too fast now regret. Should have checked YouTube properly on how to transfer from Local bank to Wise, then to SG CIMB before assuming.😢

Their multi currency feature confused me I went to put money in SGD wallet then thought money going out there will be to Singapore. Name of bank is CIMB Bernard but I still didn’t catch that mistake zzz.

Already called CIMB and logged ticket to Wise.
CIMB say bank should auto reject for this.. but I’m not sure now as they also told me there are CIMB bank loan accounts starting with number 1 (Singapore account number starts with 1). I wanted to ask them check if this account number exists in CIMB Malaysia but they tell me cannot.. due to customer privacy. F**k.🤬 now can only depend on Wise to help as I had attached transfer receipt.. And really hope CIMB MY there reject the transfer and bounce back to Wise.

Don’t be like me guys. Always double or triple check especially if first time transferring.😭

This post has been edited by Davidtcf: Jan 22 2022, 11:42 AM

Until now I had not gotten my refund on this wrong transfer. It was around SGD 2700.
Wrote and called both parties CIMB Bank Malaysia and Wise.

When I contact both parties, both also refuse to help me solve the problem! Wise is saying I have to contact bank myself, that it is against their security protocol to contact bank, but why? What security is involved here? Help customer to followup asking bank to return back a wrong transfer also got problem?

While CIMB bank called me and say Wise has to contact them to ask for the transfer to return back to Wise's account. In the written email the CIMB person explained that Wise might have an intermediary local clearing house hence why they need to contact CIMB for the refund. But another CIMB agent I called say CIMB will auto send back the money to Wise. They can't confirm when I will get back the money. Sounds simple but until now I don't see the money in my Wise yet. Basically 2 answers for a question and I don't know which is right.

End up I am the person getting burnt due to a mistake.
Already wrote email to Securities Commision for help today. Hope will get a reply.
Next might need to write email to Bank Negara if still getting ignored.

Anyone else got any other suggestions please let me know.

Transferwise is good.. but if you fcked up on your transfer to wrong bank/party etc... you are ALONE in this if bank did not send back to you the money.
Always triple check if need to before hitting that "send money" button. Especially if you first time doing the transfer. Better safe than sorry.

This post has been edited by Davidtcf: Jan 26 2022, 05:02 PM

To reply your statements that I had bolded:
1. Not true, read this. Doesn't matter if referral name is wrong, as long account number is valid the money will be credited to the user:
https://www.quora.com/Does-the-account-name...nsferring-money
Other sources also mentioned same thing.
But for my case account number (starting with "1", local CIMB numbers start with "7") not found on CIMB Malaysia, also can have issue.

2. Already contacted CIMB around 5 times total. Seems like their side no one bother to really help. At least can help me email to their team in charge of incoming transfers... but CIMB keep say can't help further. Either is I wait or ask Wise to contact CIMB.. which Wise is refusing to.

And yes agree that better to transfer a tiny amount the first time. Once successfully go through only send the bulk of the money. Don't try to save on this is not worth if your whole bunch of money get missing.

This post has been edited by Davidtcf: Jan 26 2022, 05:37 PM

Thanks @Hoshiyuu, will do what you said. Looks like gonna do another round of call with CIMB tonight.

Hope BNM side can help. I have gathered all the emails and documentation already will attach them altogether. Later tonight will share my emails with CIMB and Wise here (minus my personal info).. U guys see also will laugh at how some of their responses are, and that "don't care" attitude.

This post has been edited by Davidtcf: Jan 26 2022, 07:34 PM

the screenshots between my emails/chat with CIMB Malaysia and Wise:

CIMB asking me to contact CIMB SG? Huh? Money go into CIMB Malaysia why asking me to contact CIMB SG?


Same thing here Wise asking me to contact CIMB SG for no reason:


CIMB guy called me after I posted on their CIMB Malaysia FB page. He say Wise has to contact them to retrieve the wrong transfer. Correct process is the sender of the money have to contact the bank:


Wise Die2 refuse to contact bank. Push back responsibilities to me to follow-up with bank. Keep say it's against their rules due to security reasons without elaborating:


Tried to send email to BNM, only way is via their web form. Problem is it is not working when trying to send (after fill up so hard ):
https://telelink.bnm.gov.my/

I then found a contact there which is OFS, went to their website and see notice they might be able to help :
https://www.ofs.org.my/en/company_overview
At least OFS got email address. Transferwise seems to not be under their supported list but CIMB is. Waiting for their reply now.

Just now when I called CIMB asking for ticket number.. the dude who picked up sounded a bit nervous when I mentioned BNM. He took it seriously and say will help me assign the ticket to the internal transfer team / accounts team for checking. After that gave me all the ticket numbers that I asked for. He say will help only la.. dunno will really help or not. I told him to call me or email me back anytime.

Haih really seem like getting back my money is becoming more and more unlikely each passing day.

This post has been edited by Davidtcf: Jan 26 2022, 11:59 PM

I transfered it using this method earlier via SGD wallet. Yeah I went and checked again seems like they are all SG banks. I think..
Didn't realize earlier if change wallet currency the list of banks will change also.. They change according to that currency's local banks? Example if SGD shows SG banks, MYR shows Malaysia banks?

Ziet youtube showing how to transfer for his CIMB IBKR also similar. Just a few extra steps such as login to bank etc. If use this method then don't have.



I had emailed CIMB SG already at atyourservice@cimb.com now wait their reply. Thing is no one from Singapore side contacted me yet. It's a new CIMB account first time trying to deposit money.

This post has been edited by Davidtcf: Jan 27 2022, 09:08 AM

I see.. means I sent it to CIMB SG to my SG account number.
I selected my SGD wallet earlier, selected local bank tab > then chose CIMB Bank Berhard, then transfer out.. just that if compare to the below video, Ziet's video has more steps in it:



The transfer might have missed a few steps, thats why so many days already also CIMB didn't contact me. Ziet mention first transfer using Wise is still working:



I followed the second video without referring to the first video on the exact steps. That's why end up can transfer wrong. Haih what a mess.
now just hoping SG CIMB can trace the money...

This post has been edited by Davidtcf: Jan 27 2022, 10:04 AM

HOLY COW THE MONEY IS INDEED IN CIMB SG ACCOUNT.

Why Wise make the Wallet currency interface so confusing?? They stated local banks but is actually changing according to the currency chosen..
WALAO WEH MAKE ME RUN AROUND LIKE HEADLESS CHICKEN.

The moment I called SG cimb then they straight told me they saw the money in my SG CIMB already.
Now all I need to do is perform KYC transfer from CIMB MY to SG with SGD1 buck to activate the account.

sorry for troubling all of u, and THANK YOU SO MUCH for all the help here. You guys are AWESOME!!

I would not have realize this without posting all the screenshots here and getting a respond

resolved already money is in my SG CIMB.. I did not realize it coz account not yet activated couldn't see.
Called CIMB SG they confirmed with me the money is there.

yeah I know right .. I also SMH at what just happened.

This post has been edited by Davidtcf: Jan 27 2022, 01:36 PM

agree.. glad that I shared my problem.. else till now won't know the reality of what's going on.

thanks all once again

This post has been edited by Davidtcf: Jan 28 2022, 11:21 AM

you need a CIMB SG account if want to withdraw from Tiger Brokers.. check Tiger brokers thread here.

Check Ziet Invest videos on how to open a CIMB SG by first having a CIMB MY account. Can do everything digitally don't have to go to Singapore. Most important is need a CIMB MY active account first.

Currently Wise transfer is only for depositing money easily into Tiger Brokers.

This post has been edited by Davidtcf: Feb 10 2022, 10:07 AM

Fast2 transfer while u can before 1st April.

Will have SST of 6%.

They sent email to me. Can check your registered email.

If the fee higher (send lots of money) then SST charges will incur more also.

Check post 524 of this thread. Hoshiyuu share adi.

This post has been edited by Davidtcf: Mar 25 2022, 06:23 PM

If you have an easy way to open a US Bank account via online, do let us know.

From what u gather need at least usd35k to open one as a non US resident. Source:
https://wise.com/us/blog/open-a-us-bank-account-non-resident

This post has been edited by Davidtcf: Mar 26 2022, 10:34 AM