I am currently working in Singapore and would like to transfer money monthly (from SG bank to MY bank) to parents. What is the most cost effective way? - Seedly
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Anonymous

Asked on 23 Oct 2018

I am currently working in Singapore and would like to transfer money monthly (from SG bank to MY bank) to parents. What is the most cost effective way?

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Gabriel
Gabriel
Level 8. Wizard
Updated on 07 Jun 2019

I would recommend using CIMB Bank to do so. Set up a savings account with CIMB Singapore & Malaysia and you can then make transfers from your Singapore account to your Malaysia account instantly and for free through iBanking (CIMB Clicks). Check it out here - https://www.cimbbank.com.sg/en/personal/banking-with-us/services/sg-my-cross-border-convenience.html

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ūüĎć
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Gabriel
Gabriel

24 Oct 2018

You're most welcome!
Frankie Rappaport
Frankie Rappaport

02 Feb 2020

Then probably better than Transferwise (dependent on annual total banking fees, if so)
Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered on 02 Feb 2020

Check Transferwise, it's safe and fast

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ūüĎć
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Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
Post