What about transferring out? Say to Wise USD cash balance. Any charges?

Banks usually advertise 0 fees for receiving TT monies, but they usually don't tell you the intermediary correspondent banks will charge 10-35 USD per transfer.

Your SG friends learnt that the hard way and is now grumbling. https://forums.hardwarezone.com.sg/threads/...#post-146097120

I also learnt that the hard way too... a few months back... Can anyone confirm that Wise will cover the correspondent bank charges? (I don't think so personally.)

So assume I placed Eurodollar deposits at say, CIMB MY, following Gray's advice earlier. After maturity, I withdraw to Wise (via TT? -> which would mean 10-30 USD charge per transfer). Then when USD reach Wise, forced to convert to MYR (lose another 0.5-0.6% compared to interbank rate).

Assuming from here, I would like to continue with my journey to IBKR to buy US shares. That means from the forced MYR, I need to convert back to USD again (lose yet another 0.5-0.6% vs interbank rate), then direct ACH to IBKR (free of charge, USD appear in IBKR cash balance 1 day later).

That sounds like a lot of friction costs...