Thank you, I will look into both Instarem & SG X !

Seems like SingX is very competitive ..

SingX - 1 SGD 3.0929 MYR

Instarem - 1 SGD= 3.0897 MYR

I am not sure about instarem sg rates. For me instarem Malaysia rates is lousy. Use to be good. But change already. Never use them anymore.

Shop around. The products I provide some give you rates on the front page so you don't need to make account. Just key in and see the one with the most RM received.

As long as licensed by respective central bank, no problem. Use banks if you like to give banks free money. I don't give banks free money.

I cannot open singx (not working in Singapore or studying there and no sg phone number).

Hence my choices are only limited to CIMB SG and Transferwise. Both offer almost identical rates. Ciimb sg no problem cause I already have bank account with them.

TransferWise let one transfer SGD even if one is not staying in SG/working or have SG bank account.

According to the SingX website, it says one has to be a Resident in Singapore..
Meaning Malaysian working in Singapore would be able to register SingX too

You need sg phone number to open. No sg phone number = no go. I think.

This post has been edited by Ramjade: May 14 2021, 11:10 PM

yup, my fiance in Singapore has a Singapore number.. so no issue there..
I am also comparing Instarem & Transfer wise.. will choose the best & most secured option

All secured. Cause license by MAS. For me I choose the cheapest option. You want better rates do transfer during office hours on weekdays.

This post has been edited by Ramjade: May 14 2021, 11:13 PM

I just compared the rates of :

SingX vs Instarem vs Transferwise..

Seems like SingX wins hence down ..

Compare during working hours. You will get better rates.

rm200k still small, no issue to remit.

SingX rates are competive, but I read through many reviews saying the opening process is a hassle & some delay in the fund transfer.

I probably would stick to traditional OCBC SG route..
as conversion fees saved is probably not that much compared to maintaining a peace of mind ..

This post has been edited by propertyfeature: May 16 2021, 04:02 PM

If you don't want singx go with TransferWise. Everything online. Application also fast. Transfer also instant.

If want to waste good money be my guest. Before you click transfer, so check out the savings you get from OCBC Vs those fintech I mentioned. You will be surprised how much you save. How I know? I did the same with DBS just for the fun to see much free money banks earn.

Bro have you used SingX before?
The transfer limit is up to RM 150,000
Transferwise, lower transaction limit..
Hope to hear from those who have used SingX before !

I always buy SGD. Probably TS can consider to swap with me so both of us have mutual benefits.

Was in a similar situation. I used CIMB SG -> CIMB MY. There is no fee and the rate is pretty competitive.

https://www.cimb.com.sg/en/personal/promoti...sfer-promo.html

Downside:
Both the CIMB SG and MY account have to be yours.
Allows only up to 35k SGD daily, so I had to transfer the money over a couple of days.

I'm going to try SingX lol .. takes some processing time

I don't have sg phone number. Cannot open account.

Why bother helping others to save money? Let them use the bank so that they can help us bank shareholders to get more dividends this year

Uuumph,... So you are a shareholder of Affin Hwang too..... That is why you rubbished other mmf by telling the good of versa..