Anyway I can transfer my funds back to sg from a foriegn country?

[Residentvigilante]

I have about 300 k rm in malaysia after i sold my property there leaving it in a fixed deposit. is there anyway i can do a wire transfer without me being present in person?

 

[vegavega25]

Curious why you think your Malaysia bank won't be able to answer this...?

It is a fairly specific but routine question, and no matter what you read here, ultimately your bank will decide about fixed deposit early termination, remittance limits, expenses, required paperwork, online option, mail-in forms, etc. etc. No?

 

[Residentvigilante]

Curious why you think your Malaysia bank won't be able to answer this...?

It is a fairly specific but routine question, and no matter what you read here, ultimately your bank will decide about fixed deposit early termination, remittance limits, expenses, required paperwork, online option, mail-in forms, etc. etc. No?

cant go in jb now as covid. want to change back to sgd to purchase 2nd property. should have done it before the coivd. didnt expect ringgit to drop even further.

 

[bermudas]

Msian bank can easily transfer for u.

CIMB MY told me i only need to fill up a form online to effect the transfer. This is because i am currently unable to log in to CIMB MY portal.

If your money is in a Msian bank and you have access to the bank's website, i dont understand why you are asking this question.

 

[reddevil0728]

cant go in jb now as covid. want to change back to sgd to purchase 2nd property. should have done it before the coivd. didnt expect ringgit to drop even further.

cannot call meh???

 

[Residentvigilante]

Msian bank can easily transfer for u.

CIMB MY told me i only need to fill up a form online to effect the transfer. This is because i am currently unable to log in to CIMB MY portal.

If your money is in a Msian bank and you have access to the bank's website, i dont understand why you are asking this question.

Not possible as u need to be present in person at the bank. and website does not allow TT

 

[reddevil0728]

Not possible as u need to be present in person at the bank. and website does not allow TT

so you know the answer already no?

 

[yongsaver]

me have both a CIMB SG and CIMB Msia account. no issues transfer to and fro. they have some limits on the amount so cannot one shot transfer large sums of money. such transfers are considered 'to own account' some more. maybe u try to take out everything one shot, thats why they ask u to present yourself.

 

[Residentvigilante]

Yes I should take out all one shot. Because ringgit falling more and will make a loss . I trade forex I know

 

[BBCWatcher]

Yes I should take out all one shot. Because ringgit falling more and will make a loss . I trade forex I know

Only if the ringgit falls more than about 150 basis points relative to the Singapore dollar. On a 12 month ringgit fixed deposit you should be getting about 150 basis points more interest compared to a Singapore dollar fixed deposit.

 

[Residentvigilante]

Only if the ringgit falls more than about 150 basis points relative to the Singapore dollar. On a 12 month ringgit fixed deposit you should be getting about 150 basis points more interest compared to a Singapore dollar fixed deposit.

ye the interests rates are higher. due to the covid dunno when will open borders. I also need extra cash for next property purchase

 

[BBCWatcher]

You might be stuck for a while. The only thing I can think of is that if there's a trusted individual you know you might be able to effect a Limited Power of Attorney that'll satisfy the bank. But it's really up to the bank, within the limits of applicable laws and regulations in Malaysia.

 

[bermudas]

Not possible as u need to be present in person at the bank. and website does not allow TT

This was their reply to me when i enquired last year during the heat of pandemic.

I am not sure who you are banking with though.

 

[Residentvigilante]

This was their reply to me when i enquired last year during the heat of pandemic.

I am not sure who you are banking with though.

is it safe to send your personal documents over to a foriegn country bank via email ?

 

[Residentvigilante]

Only if the ringgit falls more than about 150 basis points relative to the Singapore dollar. On a 12 month ringgit fixed deposit you should be getting about 150 basis points more interest compared to a Singapore dollar fixed deposit.

current fixed d rates in malaysia is 3.1% double uob 1.2 uob 1 account

 

[reddevil0728]

is it safe to send your personal documents over to a foriegn country bank via email ?

depends on what is your expectation of "safe"?

 

[Residentvigilante]

depends on what is your expectation of "safe"?

you send your nric passport electronically to a small bank staff somewhere in malaysia via email? lol

 

[reddevil0728]

you send your nric passport electronically to a small bank staff somewhere in malaysia via email? lol

if they want to abuse, they could have done it through other means no?

 

[Residentvigilante]

if they want to abuse, they could have done it through other means no?

by now u should know that emails can be hacked, so does any forum accounts that can be hacked too.

 

[reddevil0728]

by now u should know that emails can be hacked, so does any forum accounts that can be hacked too.

Certainly. Then maybe you just have to go in person?