What is the best exchange rate from ringgit in Malaysian banks?
The exchange rate in Maybank is bad when compared to market rate.
This post has been edited by Arhat: Jul 9 2020, 09:17 PM
Transfer money to Thailand
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 Jul 9 2020, 09:17 PM, updated 6y ago
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367 posts Joined: Apr 2020 
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Has anyone transferred money to Thailand or overseas before?
What is the best exchange rate from ringgit in Malaysian banks? The exchange rate in Maybank is bad when compared to market rate. This post has been edited by Arhat: Jul 9 2020, 09:17 PM |
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Jul 16 2020, 06:27 PM
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#2
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367 posts Joined: Apr 2020
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QUOTE(SuperTuhan @ Jul 16 2020, 03:29 PM) How long u fellas gotta wait to transfer? What is the exchange rate that Transferwise gave you?First time use transferwise, did mine on Monday 1.50pm from myr to thb Until now also haven't transfer yet, status is Sending and mention the process is longer then usual There's no helpline to be called?  The best rate is 1000 baht = 135 ringgit https://www.xe.com/currencycharts/?from=THB&to=MYR&view=1W |
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Jul 17 2020, 04:16 PM
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#3
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367 posts Joined: Apr 2020
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QUOTE(SuperTuhan @ Jul 17 2020, 01:38 PM) 7.335 7.33 is low. For cash money, we can get 7.38 at Superrich.5th working day and there's still pending and status showing sending for 2 days already If end of the day still no result gonna cancel the transaction https://www.superrichthailand.com/#!/en/exchange |
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Jul 18 2020, 07:15 PM
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#4
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367 posts Joined: Apr 2020
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QUOTE(SuperTuhan @ Jul 17 2020, 10:08 PM) Cancel the transaction already , 5th day and money not transferred. Somebody suggested BigPay, try that and tell me whether it is good.Stupid transferwise wasted my time Now have to wait another 5 days to get back money. Support team takes forever to reply |
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Jul 18 2020, 10:44 PM
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#5
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367 posts Joined: Apr 2020
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QUOTE(MakNok @ Jul 18 2020, 07:36 PM) try Instarem or Trans Fast. I am not interested in fast services, if I transfer using Maybank I can get in one day but the exchange rate is very bad. Maybank earns a lot of money.all within a day if you do in the morning like before 11am you will get SMS once masuk at Destination bank I am only interested in good exchange rate. I can wait one or two weeks. |
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Aug 21 2020, 02:19 AM
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367 posts Joined: Apr 2020
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QUOTE(MakNok @ Jul 18 2020, 11:10 PM) Do your due diligence... I found this and it seems that Instarem is the best. How do they verify our Malaysian bank account?InstaRem have good exchange rate.. https://www.monito.com/send-money/malaysia/thailand/myr/thb This post has been edited by Arhat: Aug 21 2020, 02:20 AM |
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Aug 21 2020, 02:20 AM
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367 posts Joined: Apr 2020
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QUOTE(Happy360 @ Jul 19 2020, 12:00 AM) Transferwise. 1st time take 2 to 3 days...thereafter few hours for repeat transactions. Also rate transferwise follow midpoint....absolute reliable fintech. But how do they verify your Malaysian bank account?https://www.monito.com/send-money/malaysia/thailand/myr/thb |
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Aug 21 2020, 02:26 AM
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367 posts Joined: Apr 2020
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QUOTE(SuperTuhan @ Jul 17 2020, 10:08 PM) Cancel the transaction already , 5th day and money not transferred. Thanks for your feedback. Transferwise is no good then.Stupid transferwise wasted my time Now have to wait another 5 days to get back money. Support team takes forever to reply How about InstaRem? This website says it gives good exchange rate. https://www.monito.com/send-money/malaysia/thailand/myr/thb |
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Aug 21 2020, 10:26 PM
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#9
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Junior Member
367 posts Joined: Apr 2020
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QUOTE(Happy360 @ Aug 21 2020, 09:00 AM) The details of malaysia bank account is provided by oneself. But the link monito said Instarem is cheaper by a lot. Have you tried Instarem before?Name and bank accouny number should tally. The comparison or money transfer need to include fees as well. Not just exchange rate. Transferwise hold the mid range rate and charge minimum fees. What are the pros and cons of Istarema versus Transferwise? |
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Sep 5 2020, 10:10 PM
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#10
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367 posts Joined: Apr 2020
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QUOTE(MakNok @ Aug 21 2020, 07:27 AM) well..i submit whatever documents what they wanted and especially your relationship to the receiver. Waa.. Why so troublesome? Everytime must fill up questionnnaire? i try sending rm500...no problem but on my 2nd time sending above 1k...they ask again on questionnaire form to fill again despite i have make payment beforehand. after answering ...then the fund go thru. Instarem work well during the MCO period as MoneyChanger all close. SINCE MoneyChanger resume operation...i go back to this service instead...  Does Transferwise also ask us to fill up questionnaire everytime we transfer? |
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Sep 26 2020, 07:24 PM
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367 posts Joined: Apr 2020
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I created a Transferwise account and it was easy. Just scan my IC and face, no need to send any documents or my bank account.
I transferred to my friend in India and he received within one day. This is my first transfer. I haven't tried Instarem yet. Can anybody tell me what's the process of creating an account with Instarem? |
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Sep 27 2020, 02:51 PM
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367 posts Joined: Apr 2020
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QUOTE(Kalimuthu @ Sep 27 2020, 11:21 AM) 1. Instarem What about Transferwise, what is your opinion on that? Fastest amongst all other platforms that I've used before. Very very competitive rates. Transfers to Indonesia done within 6 hours. India Thailand Nepal within the same day. Very efficient customer support. Any bad points on Transferwise ? This post has been edited by Arhat: Sep 27 2020, 02:51 PM |
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Sep 27 2020, 02:52 PM
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#13
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Junior Member
367 posts Joined: Apr 2020
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QUOTE(louyehmouyeh @ Sep 27 2020, 11:04 AM) tried it since last month. best rate and minimal processing fee send to thailand frequently Tried what? Instarem or Transferwise? use my referral code qLJvLT - free 40 point and rm65 off Which one is better for exchange rate? |
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Sep 27 2020, 09:46 PM
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#14
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367 posts Joined: Apr 2020
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QUOTE(konholio @ Sep 27 2020, 02:55 PM) i use TransferWise Have you tried Instarem before? |
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