[Official Thread] Ringgit Exchange Rate - Part 2

[monoblue]

YouTrip 3.319
Ichange 3.314
Instarem 3.314

Going up

 

[potato13]

Hi, I need some advice regarding SGD to MYR transfers/remittance.
Besides using CIMB/Maybank SG to CIMB/Maybank MY, between Instarem, Revolut, Wise and YouTrip, which would be the best choice for occasional (1-3 times per year) SGD-MYR transfers?

I see, but I'm asking abt transferring SGD-MYR to be received in MY bank account, not exchanging to use there. Thanks for sharing though!

The best i tried is to use own CIMB SG to my own CIMB MY.
The transfer rate is quite on par with youtrip/instaram.

than, if i need pay payment etc to others direct MY bank, i will use my CIMB MY account to transfer to other MY bank.


I tested using my Maybank SG account direct transfer to other's MY bank account, the rate are not good.
I tried using my SG POSB bank and direct transfer to others MY bank account, the rate are bad.

 

[longfart]

The best i tried is to use own CIMB SG to my own CIMB MY.
The transfer rate is quite on par with youtrip/instaram.

than, if i need pay payment etc to others direct MY bank, i will use my CIMB MY account to transfer to other MY bank.


I tested using my Maybank SG account direct transfer to other's MY bank account, the rate are not good.
I tried using my SG POSB bank and direct transfer to others MY bank account, the rate are bad.

If it’s not of too much trouble, could you help do a quick comparison of the spot rate + fee (of transferring $1k SGD-MYR) between CIMB, YT and Wise? I don’t have CIMB and YT accounts so I can’t access their exact actual rates/fees.

 

[potato13]

If it’s not of too much trouble, could you help do a quick comparison of the spot rate + fee (of transferring $1k SGD-MYR) between CIMB, YT and Wise?

CIMB SG - CIMB MY = 3.309 (No fee as both CIMB SG and CIMB MY are my personal account)
youtrip exchange SGD to MY = 3.311
instaram exchange SGD to MY = 3.3105


Just done a check on 3 different platform.

 

[potato13]

Are there any fees charged for the transfers?

As mention : (No fee as both CIMB SG and CIMB MY are my personal account)
For youtrip and instarem - no fee also as its just an exchange inside the E-wallet.

I do not know if there will be a fee if you were to use Youtrip or Instarem and transfer money to a MY bank account. never try before.

 

[potato13]

also from CIMB MY to other MY bank also no fee.. I tried before amount up to 50k RM.. anything above i dont know.

 

[longfart]

CIMB SG - CIMB MY = 3.309 (No fee as both CIMB SG and CIMB MY are my personal account)
youtrip exchange SGD to MY = 3.311
instaram exchange SGD to MY = 3.3105


Just done a check on 3 different platform.

As mention : (No fee as both CIMB SG and CIMB MY are my personal account)
For youtrip and instarem - no fee also as its just an exchange inside the E-wallet.

I do not know if there will be a fee if you were to use Youtrip or Instarem and transfer money to a MY bank account. never try before.

Yes I’m aware that CIMB doesn’t charge any extra fee since they’ve already included a small markup in their rate.
YT and Instarem do charge fees for money transfers but I’m unable to determine the exact amounts before signing up. I thought account holders are able view these fees, bummer!
Anyway, thanks for your help!

 

[potato13]

Yes I’m aware that CIMB doesn’t charge any extra fee since they’ve already included a small markup in their rate.
YT and Instarem do charge fees for money transfers but I’m unable to determine the exact amounts before signing up. I thought account holders are able view these fees, bummer!
Anyway, thanks for your help!

For YT and Instarem to transfer to oversea bank account confirm there is a fee..
Just not sure where do i click on the app to check..

Maybe wait for others to check for you or those whom have use the service before.

 

[pchltws]

With the convenience fee, it's a bad move for TnG liao.

How to avoid convenience fee in this case?

 

[hwsstx]

How to avoid convenience fee in this case?

SG is also among these countries TnG has opened up to.

Some SG open MY's Bank accounts, some get their MY friends to DuitNow to their TnG accounts etc

Learn from SG & you won't go wrong

 

[jervis9395]

Yes, between Change, Revolut, Instarem, and YouTrip, I use the last one most frequently. Others would be credit cards, MyCIMB, TnG, and cash for Grab and very minimal others.

just curious any reason why cash for Grab?

 

[Andrew833]

just curious any reason why cash for Grab?

Yalo, I use GrabPay don't need to dig cash

 

[Habrosus]

just curious any reason why cash for Grab?

Simply pay and forget it.

Yalo, I use GrabPay don't need to dig cash

No need dig lah, RM5 RM10 RM20 RM50, what's there to dig? Just prepare while waiting for the ride to arrive.

 

[vaxvms]

3.30


https://cashchanger.co/singapore/mc/rahim-money-changer-wisma-atria/614

 

[vaxvms]

Tourists visiting Malaysia can now sign up for TNG eWallet to make QR payments

tot can be done long ago ? either we scan them or they scan us

or anything new ?

 

[Habrosus]

tot can be done long ago ? either we scan them or they scan us

or anything new ?

Don't know coz I've already signed up long ago, so didn't read/check in detail. Maybe to do with local number?

Shared news in case anyone here tried to sign up before, but couldn't.

 

[vaxvms]

3.30


https://cashchanger.co/singapore/mc/firman-shah-international-exchange/617

 

[vaxvms]

Don't know coz I've already signed up long ago, so didn't read/check in detail. Maybe to do with local number?

Shared news in case anyone here tried to sign up before, but couldn't.

last time local number can reg already

but nice to share also as many still dun know tng yet

 

[MrRacer]

Tng can use MY or SG number both also can.

I saw an email from CIMB Malaysia mentioning that if you use CIMB Malaysia debit card to topup TNG there's no fee.

 

[MrRacer]