You're right. It's more than 10k. You can always transfer it to trading212 before putting another 10k into bigpay. 10k is only max amount pwr time, not per month.

I have not explored that. But you're right. But I'm assuming in many years to come (given investing is long term and best never sell it), withdrawal rules may change and there will be other ways to withdraw the fund. Past 10 years has changed a lot, an investment time frame of 10-20 years, what will the withdrawal options be? Plenty.

Perhaps someone who has done from trading212 to bigpay can answer that?

I've explored transferwise app, nothing about borderless account and Malaysian currency/banks are linked to it. Hence, I'm still stuck at what you've suggested.

Putting money not a problem. Cause you can put multiple Rm10k(s) in.
Is the withdrawal part. Problems.
1. You can't put in more than RM10k into bigpay
2. Unsure if overseas transfer to bigpay = paying more for incoming cash as bigpay only accept RM.

The TransferWise borderless account need to apply. You won't auto get it upon opening account. There are some rumours around that recently TransferWise ban newly open account TransferWise account in malasyai from having access to borderless account (they won't get the feature).

But since I am an old customer before the so call ban, my borderless account is still active and valid. Best to drop TransferWise an email.

You have a valid point there. Let me search for some answers.

With transferwise, yes. I'm stuck with what's available for me to sign up. I'll send them an email.

I have uploaded my bank statements couple of times, but they keep rejected saying address is not matched but my address is exactly matched

is the address that u register matches with utility bill , bank statement add?
ya, t212 system could be a biatch at times. try emailling a live CS

*just a side note: there's a 30% tax less on dividend declared. jus bear in mind

This post has been edited by kucingfight: Aug 18 2020, 12:02 AM

*just a side note: there's a 30% tax less on dividend declared. jus bear in mind

[/quote]


I thinks the WHT is subject to where the fund (ETF) domicile or the company listed on. If uk, its 0% tax for div

edited

This post has been edited by theberry: Aug 28 2020, 01:47 AM

My passport expired with no plans on renewing it anytime soon. Can the old passport be used for their registration requirements?

Anyone know how fast the money will back to the account after submit the withdraw request

a lot of companies use ocr auto matching... sometimes a tiny bit off gets rejected... best talk to live cs

I tried once last month, it takes 3 working days to receive the money from 212

This post has been edited by Kudo2012: Sep 3 2020, 11:17 AM

Anyone found the answer? interested to know on the withdrawal process if deposit funds using bigpay. Looking forward for your reply!

Withdraw back to bigpay I suppose?

Theoretically speaking yeah. After reading through this thread, doesn't look like anyone shared a successful experience.

Forget about withdrawing to bigpay cause not sure if it's treated as topping up bigpay via TT. If yes, it's expensive.

Yikes!! I guess we'll have to go via the conventional route ? But tbh, I think the conventional methods, bank TT/credit card is still cheaper than our local brokers, eg: CIMB, Maybank. 20 usd per transaction. I wish I found this thread earlier...

Yup. Only way I can think off is
1, Withdraw to TW Borderless account.
2. Withdraw to HSBC global account (but need to have priority banking which means park RM250k and let it rot)

This post has been edited by Ramjade: Sep 3 2020, 03:41 PM

cannot withdraw to bp... can only top up using myr... cannot top up using foreign cc...

I confirm with bp cs already

That's not the only way isn't it? Just fund using credit card, if withdraw it will be transferred back to the credit card. Then call the card issuing bank to transfer excess funds.

This post has been edited by zeonz: Sep 3 2020, 04:08 PM

Nope. But how are you going to get the money out of the credit card?