thanks again for the explanation
400K SGD that you moved from SG to Dual Currency a/c in Malaysia, was it done using TT?
If yes, how much it cost you?
Just trying to explore on the different possibilities
Since its UOB to UOB and i am a Privilege banking customer I paid total $70 for everything including cable charge. But Stanchart will do it for free if you're a Priority banking customer transferring to Stanchart MY. That's what I hear from my friend who's a Stanchart Priority banking customer too.We initially planned to go with Stanchart. Had walked in to Ponderosa branch and spoken to an officer we were comfotable with( just making enquiries) . But she left the bank to join UOB. So since we're comfortable with her we decided to go with her rather than start all over agian as it would mean a delay.We also herad many staff left the bank recently to join UOB for whatever reason.HSBC also offers this service , I do have Premier banking with them but havent explored.I dont use them much, its more like a loan account for my condo.Perhaps others who have experience with these other banks can share, or if any of you find out, do share. YOu can do it at any of the banks I mentioned in JB town also. I suggest you use a bank that gives you Priority/ Privilege service as that would cut down on charges.
welcome, it certainly is and a lesser known way. I suggets you make enquiries at any JB branch ratehr than believe what the jokers tell you here. Let em just share that UOB SG tried to stop me from senidng the TT by telling me they can also do Dual currency account and sell me other investment products etc which can give me good returns, why invets in MY etc. Frankly, they have not given me good service as a Privilege banking customer, I feel UOB MY is better and gives more competitive rates. They claimed their products are as competitive but when I asked the officer who spoke to me to call me today if can give me rates as attractive as this she said she'd check and call me today. No call so far.I am not saying disbelieve them. Just check in MY first then check with them so you arent fooled. Banks are sharks and I feel sad reading abt how so many Bros & Sis transferring cash are now being played by Money Changers as well who arent giving us the right rates even when the Exchange is in our favour. So this is one way to remedy that. I am not sure of what is the minimum amount required. I will check and post that when I next speak to my banker.