Wise (Transferwise) Malaysia Discussion, v1.0
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 Oct 21 2024, 07:42 AM
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#1
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Senior Member
6,265 posts Joined: Jul 2005 From: UEP Subang Jaya   
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Hi, haven't used wise in a bit, now when I try to transfer 30k MYR (the max) to GBP it tells me "The most you can add is 3,559.28 GBP as you can't hold more than 20,000 MYR."
So is the limit effectively 20k per transaction (and 30k per day)? Definitely was able to transfer 30k per transaction and day before... |
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Oct 21 2024, 08:17 AM
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#2
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Senior Member
6,265 posts Joined: Jul 2005 From: UEP Subang Jaya
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QUOTE(!@#$%^ @ Oct 21 2024, 08:07 AM) total So I can send 20k + 10k no issue? QUOTE(gooroojee @ Oct 21 2024, 08:12 AM) you can deposit more in and out, as Wise doesn't control how much can come in, yet... but once it's in you got 2 days to clear it out before they suspend your account due to excess deposits. How to deposit more in? 'Add money' limits to 20k. |
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Oct 21 2024, 09:10 AM
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#3
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Senior Member
6,265 posts Joined: Jul 2005 From: UEP Subang Jaya
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QUOTE(gooroojee @ Oct 21 2024, 08:19 AM) bank transfer... Ah, so I need to get my account details from WISE, transfer to that account number at JP Morgan Chase, and then can exceed 20k...QUOTE(Medufsaid @ Oct 21 2024, 08:37 AM) but do note that bank transfer + currency conversion is typically more expensive than conversion from wise balance So for my experiment today 30k transfer, the fees were RM171++ for using FPX (20k+10k) but only RM167++ for doing the free bank transfer to JP Morgan Chase account and then transferring to GBP using balance. Worth it, because not more hassle, still need to do two transfers (either 20k+10k or transfer from bank and then transfer from WISE).you're paying more for the convenience Thanks all. Medufsaid liked this post
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