What is the current rate for MYR, where is the best place to get better rate in SG, Thanks in advance for your kind advise.
https://cashchanger.co/singapore/sgd-to-myr
Bros and sisters may want to try Instarem. Found this online remit service which offers competitive rates -- way better than DBS remit and slightly better than MC rates! Remits within 2 days, which is awesome for me.
https://www.instarem.com/
The exchange rate is better than DBS indeed. It is registered with MAS (https://masnetsvc.mas.gov.sg/FID.html), hence for $1-2k SGD for home instalment or other expenditure it should be fine. However I would still caution against remitting big amount using such online companies without a proven track record in Singapore.
Not sure how long it takes to remit money from SG bank to MY bank. Registration procedures also seem rather tedious. My account is pending approval for now.
It is usually about 1 working day for processing for me using DBS. The money appears in MY bank in another working day. If you are using DBS online banking, there is no need to register.
Just completed my first remittance with Instarem. So far, it's quite good, and the rates kill the moneychangers in situations where the ringgit is falling.
I will be careful though not to remit the big amounts......
Just completed my first remittance with Instarem. So far, it's quite good, and the rates kill the moneychangers in situations where the ringgit is falling.
I will be careful though not to remit the big amounts......
Hi, care to share the rate you gotten? Thanks.
The rates are live and on their website. Just dont transmit money over weekend, as they dont work during weekends.......
http://economictimes.indiatimes.com...er-raises-13-million/articleshow/59436922.cms
Thank you very much.
Just compared Instarem's rates with a few other online remittance companies eg WorldRemit, Transferwise, and Instarem's rates are still the best. There's also first transfer bonus ($6 or $10 depending on promo codes) and referral bonus ($20).
With its thin spread, I have no idea how it intends to make money though (huge volumes needed), but like uber/grab, I will just enjoy the rates while they last. Haha......