QUOTE(Ramjade @ Aug 28 2021, 02:32 PM)
Question is how good are HSBC GBP rates Vs fintech rates when he lands? From what I know and see, banks always have the worst rate available.
The only exception is CIMB sg rates to bring back SGD to Malaysia. Rates have always been on par with transferwise or cheaper.
I am happy to be wrong.
convert now or wait is not the question lah... what if gbp goes up and when he lands it's worse than using banks now? lol
his ori question is how park gbp (i.e., convert now) and send over later... to park gbp, his options.... banks, brokers (stocks/fx/casino/crypto), cash/cheque...
with hsbc promo until end of September I think, it's rates is as good as Wise's... I calculated for RM10k conversion yesterday, Wise is only better by 20p... obviously he can still use Wise for conversion and deposit... but best he go check and confirm with the banks all the fine prints lah...
also, if need to withdraw gbp from atm, bigpay charges RM10 for fee, hsbc only RM 5... that is why I think hsbc is the best option a place to park if he wants to convert nowThis post has been edited by dwRK: Aug 28 2021, 10:34 PM