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Banking Transfer SGD from OCBC to UOB Malaysia

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fLeA
post May 16 2021, 09:18 PM

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Joined: Jan 2003
QUOTE(propertyfeature @ May 14 2021, 06:13 PM)
Hello all sifu,

Anyone transfer overseas fund from a personal OCBC Singapore bank account (SGD) to a personal UOB Malaysia account (RM) before?

Will the funds get queried by Bank Negara Malaysia? 🤔

say fund amount is RM 207,000 (~SGD 68,856 equivalent)

Reason: to Purchase Property in Malaysia
*
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.

 

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