Hi, i might get a job posted in Qatar, and since qatari riyal is pegged to USD, to transfer qar outside to USD account seems like is the best way to go as the exchange rate of qar to usd is fixed and probably like 1 cent diff. May i know in Malaysia, is there any bank with multi currency account offer to be able to receive USD?

Wanna ask those who experienced working abroad in middle east what is the best way to transfer money back to malaysia.

I saw hsbc premier and advance account can do seamless instant transfer with no fees but to maintain the account is difficult.

This post has been edited by ben3003: Apr 17 2025, 09:36 AM

RHB multi currency account? (update: i think only the RHB MCA corporate version can receive, RHB MCA personal cannot. you can try to ask)

MBB also released their own version of multi currency acct recently

This post has been edited by Medufsaid: Apr 17 2025, 08:55 AM

orang minyak?

rhb mca personal confirm can receive usd...

any banks with mca will receive usd...

also check out hsbc everyday global account... they should have a bank in qatar... you can move funds between qatar/malaysia with zero fees... but i dunno about their fx conversion rates...

btw... i would maintain an overseas usd account and won't transfer everything back...

have you received funds in USD personally? the last time me and another forumer researched on this we realise we might need to go RHB and personally ask

This post has been edited by Medufsaid: Apr 17 2025, 10:11 AM

qatar do have HSBC, but need premier and advance account only can get everyday global account for free transfer. Probably have to work for few months baru can.

Need to pay loan etc in Malaysia side so have to transfer some money back lol.

thanks for the sharing. i saw somebody shared for maybank one, more like for u to use ur myr in foreign country. receive maybe diff story. gonna go check out at hsbc. now just do some research for heads up

probably can receive for MBB, bcos if you see the chart i added, USD4 fee for inward telegraphic transfer (sending out is USD22) https://www.maybank2u.com.my/maybank2u/mala...-account-i.page

just whether u want to swallow the USD4 fee every time

This post has been edited by Medufsaid: Apr 17 2025, 10:22 AM

great, thanks for the info. the rate direct qar to myr is quite bad from what i can see from those qatar bank forex rate. seems like the best way is to send out via USD.

Open wise account maybe? Easier to manage.

since dwRK confrimed that can receive into RHB MCA, u can use that. inward USD TT for RHB has zero fees (not sure if any fees from sender bank)

This post has been edited by Medufsaid: Apr 17 2025, 10:56 AM

WISE is easier
or keep oversea and transfer back when rate is good

transfer back to local bank, FX rate n charges is ridiculous

ahchun Wise USD is located in USA, TS' USD salary comes from Qatar. if deposit from overseas into Wise USD (in USA), wise will charge inward fee

unless of cos the qatar salary can be given to TS in a local usa bank, then it's a local ACH transfer into Wise

This post has been edited by Medufsaid: Apr 17 2025, 10:58 AM

If Qatar pay in USD currency, they can transfer directly to wise USD currency account with no charge/fee.

With wise, you may choose to pay in any currency directly to the currency you prefer with no cost.

Pat89 FOC if it's domestic to USA https://wise.com/my/pricing/receive

is ur MCA personal or company?

Care to share how to receive if personal? do you have a set of account numbers so others can TT to u?

the thing is i need the fund to be in myr for local bank transfer (loan repayment, family management) so i think wise susah sikit, convert from USD to myr got charges also. maybe the rate is quite good so need to some calculation la.

ben3003 if you can send USD to Wise USD, can convert to Wise MYR, then use their debit card to move RM to your TnG ewallet for free (forex fees to convert to MYR is 0.3% i thnk)

Wise MYR withdrawal to local MY banks has some fee

This post has been edited by Medufsaid: Apr 17 2025, 11:42 AM

i tried wise duitnow transfer got like rm2.34 fee. but tng got maximum annual limit etc. i would probably go for maybank global account route, less hassle.

so far the money deposited to me from USA-USD to wise i think there is no charges
but then mine is not salary. maybe is different

this is what i understand as well


rate is reasonable and alot better than local bank FX charges and rate