Same goes to PBB but not HSBC.

I've tried Maybank online TT, fast and easy. Is there a similar service for other banks?

HSBC does. But do u get the 'special rates' for MBB?

but do bear in mind that for global transfer between your HSBC premier accounts (different countries) will not incur any TT fees for sending and receiving.

so if you need to make frequent transfers, this might be a plus point.

U got the point (FOC). PBB charge me rm30 for every transaction and Aussie charge me another aud8 i think. HSBC charge me rm5 for TT.

Well if the PBB special rate is better than HSBC's by one cent you'd save more going with PBB despite the TT charge, 50k X 0.01 = RM500.
But i imagine their rates would be really close to each other.

CIMB charges RM30 too but their agent bank NAB charges AUD35 which is a whopping amount.

Not to mention that the funds will be made available instantly too


Which bank do you usually transfer the money into in Australia, if you don't mind me asking ? I believe all the banks in Australia have different TT receiving charges ...


Then will you be charged again at the receiving bank ? Since NAB is just the agent for CIMB Bank and assume you bank with Westpac instead ? AU$35 is very expensive indeed.

By the way, the agent bank in Australia for RHB Bank is Commonwealth Bank. Not sure how is the charge like though.

according to hsbc australia's site, it is AUD10 to receive.

Normally i use PBB (rm30) and to ANZ (AUD8)

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Added on April 28, 2010, 6:43 pmYa AUD35 is abit too much.

This post has been edited by tpl: Apr 28 2010, 06:43 PM

I'm not exactly sure how it works but i'm guessing that you're only charged by the agent bank, so if i bank with Westpac and i transfer using CIMB i'll be charged AUD35 by NAB, but when NAB forwards the fund to Westpac it could be like a local transfer hence free?

My surmise. In any case i bank with NAB so i don't know lol.

I'm not sure about Westpac and NAB. I normally use PBB(RM30) TT to ANZ(AUD8) and from ANZ to HSBC Australia(FOC)

most intra-transfers betweeen local banks are free to begin with.

only with exceptional cases that they will incur charges.

Need some advice.

Want to open a foreign account. Main purpose will be to transfer my money kept oversea to malaysia and will continue to keep it as foreign FD until rates are better.

Which bank recommended?

RBA raises interest rates 25 basis points to 4.5% | Reserve Bank:

this is bad man.. especially for those who just bought properties thinking that interest are low.

oh come on.

for any residents of australia to have such a mentality is just plain naive IMHO (not in any attempt to direct this at you)

the interest rates for loans in australia have always been astronomically high and the reason they got to such a low level was attributed to the recent GFC.

now that, things are beginning to simmer down, it is about time for RBA to raise it up to their 'normal' range again.

even a measly student like myself could have 'predicted' this coming soon.

inflationary rates down south is just getting too hot for the economy to handle.

hence any sane property buyers would have thought of that even before contemplating a purchase.

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Added on May 4, 2010, 1:57 pmon an unrelated note, i suppose now that i can begin daydreaming that the USD and AUD will soon (yet again after so many months) reach parity

This post has been edited by nokia2003: May 4 2010, 02:00 PM

Looks like EON Bank is giving some interesting offer for foreign FD... about 6% p.a for 1 month deposit

Promo Info: http://www.eonbank.com.my/consumer/deposits/fcfd/fcfd.shtml

EON Forex rate: http://www.mimb.com.my/treasury/forex_rates.asp
Normal foreign FD rate: ??

Yes i am. Bought one last Sep.

congratulation on your new property and at the same time, sorry to hear about your misfortune.

ohh i just noticed you in Vic? which part bro?