How much (as a percentage of fund) would you guess it cost to transfer RMB 1,406 from Taiwan to Malaysia using the traditional banking services? In this article I share my expensive lesson on international fund transaction using traditional banks. A staggering 27.46% of my fund of RMB 1,406 was “taxed” by the intermediary. Both the sending bank (in Taiwan) & receiving bank (in Malaysia) said that there it was not possible to find out how the intermediary levy the ...
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