From what I read at CPF website, the role of the people at the embassy is to certify the documents and make sure or witness you are the one signing the forms.

I apply online, 6 weeks later, officer send email to go down to singapore (since KL singapore embassy full slot until Oct)

I went to CPF to close the account. lesson learnt, alway make appoint before go. my episone, CPF officer was kind to me to grant me a visit.

officer said, need to wait for 6 weeks (alamak). I opted for direct bank in to my singapore acc.

now my next quest if I hijack the thread a bit, how do transfer this money to malaysia bank.

Everyone know banks fees is cut throat. others like wise, remitly, etc. what is your experience ?

Well, I suppose it depends on how much and how fast you want to transfer.
1) Bring back SGD bit by bit, change to RM at money changer here
2) open CIMB sg and my accounts. Link them and do online transfer. The exchange rates are pretty good.
Don't use remittance service from your Sin bank (dbs or whatever) to transfer as the rates aren't good.

That's all I know. There could be more ways.

we are talking about CPF saving in 5 figures and more. taking out by cash is not possible. Johor custom clearly stated max MYR 25k or equi.

how do we know online rate of CIMB for comparisons. not sure CIMB offer rater on the fly.

WISE offer online guarantee 48hours hedge rate ON THE FLY, WITH option to bank in malaysia bank account or duitnow ID.

the other closest competition (or better) to WISE is SINGX, but not for malaysian.



This post has been edited by ccschua: Jun 20 2023, 03:32 PM

u may check cimb live online exchange rate at cimb sg website.

normally cimb rate is Rm 0.01 lower than the rate from online and without extra charges which is pretty good.

They told you 6weeks money will be in? I waited like 8 weeks already 😂

When you have both MY and SGP CIMB accounts, you will be shown the rate you will get when you attempt to do a SG to MY transfer via your CIMB Sgp account.

Use transferwise or Instarem. If you still want to keep SGD, since you have SG account, maybe buy some bonds or put in FD.

FD rate is fast droping. i had it in 3.9%, 3.5% but now its only 3.0%. very soon it will go back to 2% and 1 %.

at that time, i will need WISE or other better instrument transfer 5/6 figures to EPF which yields 5>%, no matter the SGD appreciation

Hi, I have a question. With the closure of CPF, does it automatically require to surrender the blue IC? or we still can retain it?

Thanks.

Seem like the online form doesn't make any use at all, from what I gather you will need to use the form CPF-CA and sign in front of witness (Singapore High Comm or Consulate) in order to proof your identity.
The problem now is the appointment slot is all till next year.
Maybe if you are travelling overseas can try the appointment there.

surrender back... you don't retain blue IC and your paper REP

There’s always Instarem and SingX, why not for Malaysian?

Spore Account or Malaysia Account?

Malaysia account. On another case, my sister who is a singaporean now recently redrew her EPF, 2 weeks she received a cheque from KWSP.

bro
what about OCBC SG and link to OCBC My account?

Kwsp is so much better then. Cpf took me 10 weeks and still not yet send me the money.

hi,

Want to enquire..if want to withdraw cpf money to be deposited (online) to cimb sg account, can apply to withdraw by just completing the online form in cpf website https://form.gov.sg/63573e845cfdb20012171772 (seems like money be sent by cheque in sgd to home address).

Am i on right track or am missing anything esle. tqvm.

p/s cpf didn't reply to my queries (3 times submit thru 'Write To Us' alrdy).

This post has been edited by spf: Jul 4 2023, 07:07 AM

You missed the part about having your forms and signature certified by Singapore Embassy staff, before mailing them to CPF. Basically, they need to be sure the person signing the forms is the real account holder.

i dont really get ur meaning...the online filling up (for Malaysian only that states to receive money by CHEQUE) didn't say anything abt having forms, etc certified by Embassy...u mean after filling up the form online, cpf will sent another set of forms to be filled up, then certified by Embassy..(then money can be transfered by cpf to cimb.sg?..need to be sure before i press submit)...tqvm

This post has been edited by spf: Jul 5 2023, 06:35 AM