facebookIs CIMB singapore good for transferring currency to CIMB Malaysia account? - Seedly

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Anonymous

03 Jun 2021

Saving Hacks

Is CIMB singapore good for transferring currency to CIMB Malaysia account?

What are the pros and cons for both, and which would you recommend?

Discussion (3)

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Kenneth Lou

26 Nov 2019

Co-founder at Seedly

Hey there! I just met the CIMB team today actually as well.

And it does look like this is actually a very good way to move money across the border at no cost:

Why compare rates at money changers and online remittance services when CIMB Bank offers you the best exchange rate for your online funds transfers from SG to MY, guaranteed! On top of that, the transfers are safe, instant, have zero service charges and even lets you make your Malaysian bill payments online.

*If you spot a better SGD/MYR exchange rate from any other banks or licensed service provider, send a screenshot or picture to [email protected] within 3 days and we will credit you the difference2. Screenshot or picture must be taken within 1 hour from the time your transaction was performed via CIMB SG Clicks.

You can find out more information here.

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Pang Zhe Liang

24 Nov 2019

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

You may take advantage of the instant fund transfers at no service charge (through internet banking). The rates are decent with some form of guarantee (in case there are better rates outside).

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