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

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?

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

the rhb conversion rate is Multi Currency Account/-i Debit Card Special Counter Rate* this one?

thanks bro, this is better compare maybank cos extra usd4 saving. conversion rate wise similar also. will keep this in mind.

so meaning my fren in usa wanna transfer me USD from his account, he just need key in our MCA account number n swift code? but will they or us be charged?

yeah finger crossed everything goes well then go over and see how is it. i dont think they can do myr over there. only QAR if not mistaken. cos when i ask for expectation is in USD but they offer is in QAR.

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.

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 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