Jul 18 2023, 03:45 PM
QUOTE(Ethan @ Jul 17 2023, 04:08 PM)
I have opened an MCA at RHB now.
Previously I have already got an USD-account in another bank in Malaysia.
Last week I tried transferring some USD from this another bank into my MCA; it requires me to use SWIFT in this transfer.
The bank is charging a small amount for each outward TT; this I am clear.
But is the $25 fee chargeable by SWIFT and standard for all?
Just to be clear, when I make the above transfer, does the USD goes into exchange to MYR and then to USD in MCA again?
Thanks in advance.
3 different charges, no currency conversion in this case.Previously I have already got an USD-account in another bank in Malaysia.
Last week I tried transferring some USD from this another bank into my MCA; it requires me to use SWIFT in this transfer.
The bank is charging a small amount for each outward TT; this I am clear.
But is the $25 fee chargeable by SWIFT and standard for all?
Just to be clear, when I make the above transfer, does the USD goes into exchange to MYR and then to USD in MCA again?
Thanks in advance.
Outward Foreign TT : charged by sending bank
Correspondent Bank fee : Zero to ~ USD40, depending on the 3rd party bank involved
Inward Foreign TT : charged by receiving bank (waived for RHB MCA)
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