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 Wise (Transferwise) Malaysia Discussion, v1.0

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sonotme
post May 26 2024, 11:54 AM

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If i wanna convert to SGD from MYR, do i:
1. Add money into myr then convert to sgd
2. Or add sgd right away

I thought wise was more expensive compared to moneymatch, but apparently u can add money with wise and get away with no fees?
sonotme
post May 26 2024, 12:15 PM

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QUOTE(Medufsaid @ May 26 2024, 11:58 AM)
sonotme i don't understand what you are trying to say. one can deposit SGD from sg bank acct to Wise for free. and withdraw to sg bank acct for free

however, if u are to convert MYR->SGD, wise will charge you 0.57%. this is more expensive than moneymatch 0.3% (during office hours. never ever convert MYR->SGD in moneymatch during weekends/off hours)
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Yeah i had the same thought and had a long discussion with my friend.
Apparently u can go to wise sgd wallet, click add money. Then u choose which bank u want to transfer the RM from. See the picture, no fees.
So they asked why i wanna deposit RM first and convert in the wise app to sgd (which has fees), whereelse i could get away with no fees by just "add" money.

Sorry if its too length. Appreciate ur help.

user posted image
sonotme
post May 26 2024, 01:01 PM

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QUOTE(Medufsaid @ May 26 2024, 12:39 PM)
sonotme the fee is there. There's two figure

  • RM10,471.50
  • RM10,534.33
that's RM62.83 in fees. 0.6%

Don't know why wise want to do kiddy level waterfish tricks
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Thanks..
sonotme
post May 26 2024, 07:45 PM

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QUOTE(nelson969 @ May 26 2024, 06:49 PM)
just now recently help my parent use wise card for their trip somewhere

i also done at the atm enter pin and take out due to unable to click anything.

i use their wise card and use paywave, it automatically denied, but the pin , is workable ?

whats the issue ?
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Maybe need to key in pin for first time?

 

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