Exchange Rates for RM

Re: Remitting big sum of money to Malaysia account.

U may open saving account with hong leong bank and deposit rm10k in it besides depositing it into current account. However, I am not sure whether can I TT rm9990 to saving account. Yet to try as exchange rate is not favorable.

Last Thursday, my brother went to hong Leong bank to bank in more than RM10k over the counter. The staff only accepted 10k and said foreigner cannot deposit more than 10k in one day . We told them the amount is for the purchase of house and the loan was taken from them, still they said no no . Evev if we use ATM to deposit also cannot . Asked her any other ways to do more than 10 k per day . Still no no .... But we tried in AMbank many times with more than 10k, no issues... Depends on your luck , sometimes can sometimes cannot
 
Re: Remitting big sum of money to Malaysia account.

U may open saving account with hong leong bank and deposit rm10k in it besides depositing it into current account. However, I am not sure whether can I TT rm9990 to saving account. Yet to try as exchange rate is not favorable.

Hi Lyc396, thanks .

He only has saving account with Hong Leong bank currently . On the TT , I always remit RM to my saving account in AMBank . Should be ok to remit to saving account for all banks.
 
Re: Remitting big sum of money to Malaysia account.

What is the interest rate from Hong Leong and Ambank?

OCBC is offering 2.4% - 2.9%

Hi Lyc396, thanks .

He only has saving account with Hong Leong bank currently . On the TT , I always remit RM to my saving account in AMBank . Should be ok to remit to saving account for all banks.
 
Re: Remitting big sum of money to Malaysia account.

What is the interest rate from Hong Leong and Ambank?

OCBC is offering 2.4% - 2.9%

OCBC can offer up to -2.9%? :confused:
Confirmed or not?
I was told only up to -2.5% only
 
Re: Remitting big sum of money to Malaysia account.

What is the interest rate from Hong Leong and Ambank?

OCBC is offering 2.4% - 2.9%
Hi , sorry . I only put the money in saving account for the payment of first 20%. Don't know the rate for FD.
 
Re: Remitting big sum of money to Malaysia account.

yes, its like a savings plan.

Even if you do not bank in, you still get 2.4%. Isn't that good?

Which other bank is better?

U mean i have to bank in RM1k every mth to get 2.9%?
 
Re: Remitting big sum of money to Malaysia account.

yes, its like a savings plan.

Even if you do not bank in, you still get 2.4%. Isn't that good?

Which other bank is better?

Yup! Its a good deal. No string attached!
 
Re: Remitting big sum of money to Malaysia account.

2.45 today at CCK Lot 1.....haiz....
 
Re: Remitting big sum of money to Malaysia account.

2.463 at Raffles Jurong Point today

cash rate or tt rate ?
i got 245.50 at bishan. wow, they have new one hundred notes. i like it ! just like changing fr bank .
 
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