Exchange Rates for RM

[Valdez]

It is free.

In fact for my Sg home loan is with CIMB (S) and I have the best rate and service compared to the other Sg bank.

My CIMB (M) is more for issuing cheques and the FD for MM2H. For account above RM $100 K, you are a preferred customer, no need to join queue. So far my experience with them has been good and they have lots of branches and ATM, also in KL. Super convenient with one branch in GP near home and work place.

Now that they have this new TT where they also allows you to link to your MY account where you can also pay/transfer to other bank through Internet is super convenient.

And every cheque that I issued they would call back and confirm before releasing the money. In this respect they are better than Sg bank.

CIMB the best. I changed at 2.55

 

[wolverine23]

How did you get 2.55?

Thanks.

CIMB the best. I changed at 2.55

 

[Valdez]

How did you get 2.55?

Thanks.

The spot rate was 2.56 then

 

[wolverine23]

You mean through internet banking cimb? Wow....

The spot rate was 2.56 then

 

[Gladywin]

Just did an internet transfer from my CIMB Singapore account to CIMB Malaysia account at 11am today (07/08/2013). The exchange rate was 2.5338.

 

[kopikong99]

can i walk into any CIMB branch in SG and ask them to open both a SG account and a MYR linked account ?

Someone already answered this in post #1643.

The CIMB branch is at Raffles Place if you need to go and open the account.

 

[tutucake]

The cash rate at raffles exchange site is only 2.496... Is it even accurate?

 

[ComingToJB]

Today spot rate 2.56 & above..
Change it at Chinatown the max 2.50.. All say highest.. Clearing from their old stock & claimed that they lose $$
So that's the highest they can give (cash rate) :(

 

[franklkk]

Someone already answered this in post #1643.

The CIMB branch is at Raffles Place if you need to go and open the account.

I just opened a CIMB saving account in sg. 3 days later I can do my TT to my My CIMB liao.

So exciting now.

 

[morpling]

I just opened a CIMB saving account in sg. 3 days later I can do my TT to my My CIMB liao.

So exciting now.

I opened today at CIMB Raffles Place as well and can do TT immediately in the branch.
Rate is 2.5412 for SGD 50k and below or 2.5448 for SGD 50k and above.

There is SGD 30 fix charge + 0.125% from the TT amount.

With the charges it's still better compare to money changer that quote me 2.516 without fee if you transfer more than 20k SGD.

 

[potter]

paisei, my maths botherline..

For CIMB TT
1/8% commission (min S$10, max S$100) + agent fee (if applicable) + cable charges (flat rate of S$30)

what is the total charges pay to the bank?
if TT S$10,000 =
if TT S$50,000 =
if TT S$100,000 =

 

[malpaso]

paisei, my maths botherline..

For CIMB TT
1/8% commission (min S$10, max S$100) + agent fee (if applicable) + cable charges (flat rate of S$30)

what is the total charges pay to the bank?
if TT S$10,000 =
if TT S$50,000 =
if TT S$100,000 =

you do TT like dat is very expensive , bro. either moneychanger TT (fixed charge, $8 or $10 per transaction) or as the others above have try, CIMB SG acct link to CIMB MY acct. I am considering to open a CIMB sg acc soon.

for your example should be ((1/8)/100)*10000 + 30 = 12.50+30 = at least 42.50.
You can ask the counter person to check the exchange rate given by msia side before you proceed with TT.
i already check the above (procedure) with OCBC. Is almost the same... friggin expensive.

 

[potter]

you do TT like dat is very expensive , bro. either moneychanger TT (fixed charge, $8 or $10 per transaction) or as the others above have try, CIMB SG acct link to CIMB MY acct. I am considering to open a CIMB sg acc soon.

for your example should be ((1/8)/100)*10000 + 30 = 12.50+30 = at least 42.50.
You can ask the counter person to check the exchange rate given by msia side before you proceed with TT.
i already check the above (procedure) with OCBC. Is almost the same... friggin expensive.

oh oic arigatou..need to open bank acct in sg and mys. si buay siong. :p

 

[Twinnigal]

How did you get 2.55 ?

When I checked the online CIMB website, it shows SGD 1 = RM 2.435

http://www.cimbbank.com.sg/index.php?tpl=calc_fe_torm&ch=gen_tool&pg=gen_tool_calc&ac=6

CIMB the best. I changed at 2.55

 

[wolverine23]

same here.

seems great to be able to remit at any time! and any amount!

I just opened a CIMB saving account in sg. 3 days later I can do my TT to my My CIMB liao.

So exciting now.

 

[ginfreely]

I have used CIMB for close to 3 years both SG (home loan) and MY (saving, current and FD) and no complaints in term of internet banking, ATM, issuing cheques and 3rd party and interbank transfer. Good bank.

Thanks for sharing your good experience with Cimb, I have opened the saving account in Cimb in Sg and Msia and just received the token yesterday and today made a transfer at 2.5338...the highest so far for me and I am very happy with the rate haha..

 

[Mingchye]

How did you get 2.55 ?

When I checked the online CIMB website, it shows SGD 1 = RM 2.435

http://www.cimbbank.com.sg/index.php?tpl=calc_fe_torm&ch=gen_tool&pg=gen_tool_calc&ac=6

http://www.cimbbank.com.my/index.php?tpt=&tpl=gen_rates&uc=1
When using the free CIMB SG to CIMB MY transfer, use the Buying TT rate as the exchange rate.

 

[wolverine23]

Anyone tried to remit from CIMB Malaysia to CIMB Singapore? Good rate? FRee also?

http://www.cimbbank.com.my/index.php?tpt=&tpl=gen_rates&uc=1
When using the free CIMB SG to CIMB MY transfer, use the Buying TT rate as the exchange rate.

 

[potter]

Thanks for sharing your good experience with Cimb, I have opened the saving account in Cimb in Sg and Msia and just received the token yesterday and today made a transfer at 2.5338...the highest so far for me and I am very happy with the rate haha..

Song bird is chirping.. think worth the efforts to open cimb acct

 

[Lyc396]

Hi,realised there are free oversea-Msia cash withdrawals via ATM for Maybank sg and Citibank sg account besides UOB sg account. May I know how are the rates as compared to CIMB TT? Saw from cari Chinese forum saying that UOB cash withdrawals is 2.541 in Msia yesterday If so, cash withdrawal is another good option for small sum.