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This post has been edited by Medufsaid: Feb 14 2025, 03:50 PM

ok thanks
last time I check with my banker, told me cannot
cos there is not specific acc number for the foreign currency

let me check again, thanks for the info

rx330 ok you might be right. /media/Assets/Corporate-Website/Document/Multi-Currency-Docs/multi-currency-account-faq.pdf

RHB bank might be that lousy. i'm trying to find TnC under personal. common sense might be uncommon in malaysia

This post has been edited by Medufsaid: Feb 14 2025, 04:03 PM

hahahahah true true

cimb can receive, just tat their multi currency card not so soon, maybe this year or next I think

Why you say use sunway money but link to wise?

Sunway money I have account but last I tried the exchange rate not as good as wise

Paradigmata their rates got way way better 4-5 months ago. my screenshot is live comparsion as of 12pm today want to format it this way but malas

wise usd	wise sgd	sunway money
https://wise.com/my/pricing/hold-fees?sourc...USD&track=false	https://wise.com/my/pricing/hold-fees?targe...SGD&track=false

This post has been edited by Medufsaid: Feb 14 2025, 05:05 PM

So basically means just use wise to convert right? What's the purpose of sunway money here?

jaapers don't know how good your comprehension skills are, or just trolling

if i send SGD8000 via wise, i have to pay RM26,573.61. if i send SGD8000 via sunway money, i have to pay RM26,489.52

which is more value for money?

I check with ringgit to usd isn't that much different

can send SGD to IBKR, convert to USD, and buy BIL etf, 4.55%p.a.

If you have salary in USD, no point to convert to RM. Keep it in USD in a Multi Currency Account.

Secondly, to park money overseas, better to find out how to open an account in SG, VN or KH. Then you can keep your money out of view of the grubby hands of our government. No point keeping USD / SGD in Malaysia as you cannot withdraw it without converting to MYR and the rate sucks when compared to other countries. One time effort for wealth preservation.

https://forum.lowyat.net/index.php?showtopic=5489885&hl=

From my previous thread. May be of interest to you TS.

Convert to crypto?

Or HSBC premier account

ringgit so weak, when you park all your money in SGD

don't you think you will rugi ?

or your plan is not to rugi further, right?

This post has been edited by hoonanoo: Feb 15 2025, 10:03 PM

Is weak. But it will become weaker in the future. Matter of time before SGD1=RM4

yes wo. this also got me puzzled. All this while i compared Wise and Sunway Money, Sunway Money still cheaper for me.
i pay less to get the same amount of SGD across. Aint this the goal ?

maybank got or not?

why not park on gold or yuan

seems like can receive

This post has been edited by Medufsaid: Apr 17 2025, 11:30 AM