Anonymous

29 Mar 2020

∙

Is there a maximum amount of money you can exchange at one go? I’m planning to exchange from MYR to SGD?

Is there a cap as to how much you can exchange at one shot? From MYR to SGD

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Elijah Lee

29 Mar 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

If you are referring to changing at a money changer, there's really no maximum, but if you transact more than S$5000, you'll be ask for proof of identity, etc, as part of MAS measures regarding Anti Money Laundering/Financing of Terrorism activities.

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