AFAIK the exchange rate to transfer between your own accounts (but from differrent countries) is pretty good according to my friend.

I will get my housemate to print screen the rates later, when he gets back home from lecture

If you transfer more than 10K then you must make declaration to BNM. I have made several declarations, so far no problems.

The rates quoted in HSBC.COM are the normal board rates and only apply to the mass banking customers. Exchange rates for Premier customers are not shown but they guarantee that it will be lower than what's shown in HSBC.COM.

You're saying the HSBC Premier rates are worse than PBB's special rates? How do you obtain PBB's special rates?

Can you elaborate on the bad Premier service in Kepong? I might be opening an account there.

sorry for the late reply as my housemate just got back home.

anyway this is the MYR/AUD rate as of today (and now)



so the rate is about 2.994011976047904?

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Added on April 27, 2010, 8:12 pmwawasan sentosa (the famous money changer in midvalley) is doing 3.0000 for cash to cash basis for today.

When you say PBB's rates you wouldn't be referring to their published board rates right? Is it some special rates for some special customers too?

10K RM, that's the rules set by BNM, wonder if there is any changes nowadays, been a couple years since the last transfer.

Wah your bank so good ah? Stupid CIMB bank need me write the whole TT form and then take 20 mins to process it. Then pass around for bank officer to sign it. Really slow service.

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

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.

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.

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.

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.

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     

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

any oz bank recommendations for term deposit and non-term deposit accounts?