I know. That's what I am doing. The rates are almost the same.

Btw I don't bother bringing my money back. It's a one way ticket for me.

Agreed. Hence I always check for best rate at that moment of transfer.

Never ever use banks to transfer money from Malaysia.
Malaysian banks -> fintech (Sunway money/bigpay or TransferWise/money match/instarem -> CIMB SG.

Sunway money being the cheapest and not who is cheaper (bigpay or TransferWise). Downside of bigpay is max you can transfer is only RM10k.

Do not bother about using banks. If for first transfer to activate CIMB sg-, just send sgd1.00 to it.

Then use fintech to transfer the remaining agd999.

Fintech like instarem/money match/bigpay/TransferWise/Sunway money have way better rates than banks.

Cheaper, faster which means you can send more money to sg Vs using local banks for TT.

This post has been edited by Ramjade: Jul 11 2021, 05:42 PM

FAST is sg version of our IBFT also known as DuitNow currently.

Go open Maybank sg account. But this one you need to visit branch.
Google "Maybank isavvy Malaysian pdf" click the latest off file. Download it and follow the instructions.

Keep in mind Maybank sg have min amount to maintain. Not sure it's still sgd500 or they have increased it to sgd1000. Failing to maintain the min amount inside means you will get charged sgd2.00/ month.

The money inside there practically earning zero interest.

If you don't want to lock up your sgd500/1000 don't open Maybank sg account. Instead go open CIMB MY account then open CIMB sg fastsaver. It takes about a month for everything to settle (for you to received all your mail in stuff from cimb/Maybank sg)

This post has been edited by Ramjade: Aug 15 2021, 07:45 AM

I heard some got charge cause is below SGD1k. For those who open past few year. Like those who open around my time, still sgd500.

Give them a call on Monday. Use idd codes for chepae rates. I use iDD maxis only cost like RM0.12/minute.

If you invest in sg reits get ready to cough out cash every now and then for rights issue. You need to know if your brokerage can handle rights issue easily.

Depends on what you want. I used to be a dividend investor. Not anymore. I switch from pure dividend investing to buying high growth + very high quality companies and sell options on them. The options I earned, I treat it as my dividends. By going this route, I boost my "dividends" by 1200%.

I give you some example.
Fraser's logistics 7.x%-> 4.88%
maple tree commercial 6% -> 3.83%
mapletree logistics 7-8%-> 4 11%
Ascendas 6.xx-> 4.9%
Parkway 4.5% -> 3%

The above are some of the recommended REITs. Lookat how low the yield are. The yield will be growing annually between 0.x-2x%. Why the drop in dividend yield? Share price increase. The higher yield are when I went in which make it worth it. So overtime, your original yield increase but it cannot outrun inflation. Not to mentioned as you put money in overtime, as the price increase the current yield will drop say 1-2%.

Avoid syfe. It is silly and stuoid to pay middleman to do something so easy to do.

Withdraw straight to Malaysian account. Give banks free money. No other way unless you are willing to fly to sg to open a multicurrency account.

Not worth it. USD to sg banks are not cheap.

Lose 2-3%
No. I don't think wise can be used to received USD as they only allow transfer to bank account under your name.

But you can experiment and see. Worse come to worse, money bounce back to moomoo account.

Since when? I asked them they told me only passport. That's why I never proceed further.

I even tried and they refuse to accept anything than passport.

This post has been edited by Ramjade: Mar 20 2022, 12:57 PM

Let's wait for the reply.

No one give better rates than IBKR as IBKR is spot rate (real time market rates)

Moomoo and tiger are known as some of entity which help Chinese people to I vest overseas and Emperor Xi does not like people to bring money out of China.

Acocunt > fund > cash plus

Ibkr does not give you interest in your first USD10k while moomoo does it.

For moomoo or ibkr?
For moomoo -> account -> fund center -> cash plus -> csop USD money market fund (5.288%p.a)
For Ibkr
https://www.interactivebrokers.com/en/accou...erest-rates.php

No one give you 0 commission unless you are US citizen. Those 0 commission from moomoo is just marketing tricks which give you 0 commission for 6 months-1year (depending on promo).

This post has been edited by Ramjade: Aug 22 2023, 03:58 PM

Er you know your wrong right? As long as US fed keep the rates high, you will continue getting 5%+. It's not limited to 30 days. It's limited by how long the US fed keep interest that high.