there are 2 fees involved in transfer+forex

1. transfer fee
   
2. marked up forex rate
   

usually when financial entities say no charges they just meant item 1 is waived. if you can prove 2 is FOC (via real time screenshot with HSBC vs actual mid-rate quote from wise, as wise will show both the mid-rate + the actual cut they are getting from you) that'll be great

You set up local HSBC premier and ask your RM to setup HSBc premier for Qatar from here with your employment documentation. And setup EGA for both account.

Then you can get paid USD into Qatar HSBC and transfer it to MY HSBC as MYR without charges. You can also do the DCI to take advantage of fluctuating FX rate by earning short term interest at a selection of FX rates table when converting USD back to MYR.

This is based on my experience with HSBC when I set up my kid banking for UK.

transfer it to MY HSBC as MYR without charges.

since you have it... what is the latest buy/sell USD exchange rate for EGA?

Based on yesterday morning..
USD to MYR the rate is from 4.43 to 4.41

And MYR to USD from 4.3813 to 4.4026.

With DCI, you are given a table with ranges from 4 to 10% with tenure of 1 week up to 3M. It changes by the hours so need to call RM. Minimum RM50k for DCI.

Say you don't hit the FX rate with the committed tenure, you get back your 50k unconvert with the % for the period.

the rates are quite good... if i take mid point 4.42 and 4.39, these are comparable to rhb...

rhb mca is interest bearing, usd currently is 2%... one can park to fd from 1 wk to 12 mths... am doing 3 mths @ 4.25% pa...

thanks again for the info...

Premier eliglibilty very high lol. But my friend got it last time dunno is promo or not, only need monthly got 10k in out acc then ok already.

The hsbc premier ega also can transfer fund at zero fees between multicurrency acct. I transfer from my ega GBP to my kid ega GBP with no charges and when making foreign payment, the bank charges is also lowered.

Also can do multi currency FD like yours... but no 1 week.. min 1month