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Banking Transfer SGD from OCBC to UOB Malaysia

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waghyu
post May 14 2021, 09:32 PM

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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
*
Small money, no issue.

Dont convert to crypto crap, later taxable.

U can send SGD to SGD or USD or direct MYR account.
waghyu
post May 15 2021, 07:10 AM

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QUOTE(propertyfeature @ May 14 2021, 10:41 PM)
SGD 68,856  small in Singapore, but RM 207,000 big in Malaysia lol
*
rm200k still small, no issue to remit.
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