Transfer RM100k from Vietnam to Malaysia

Post new topic

Member since 15 November 2017

lysiewMember15 November 2017 14:00:46

Hi all, I am a Vienamese and I have bought a house in KL recently and it require me to pay RM100k as downpayment. My money is still in Vietnam, can u all suggest how can I transfer the money in a safe way from Vietnam to Malaysia? Anyone experience this before? Can use bank draft, traveller cheque or TT transfer and how to do it? Thanks.

abdulkhalil Banned

Member since 19 January 2017

abdulkhalilBanned15 November 2017 20:59:35

684

I'd do it by Telegraphic Transfer. Just ask your bank in Malaysia for the swift code.

Gravitas ViP

Member since 02 March 2011

GravitasViP15 November 2017 23:53:52

9040

If you are required to deposit it do so through your solicitor, as that should be safe enough and TRACEABLE through the Client Account they must have for your business with them.

Don't transfer money to anyone else though (e.g. estate agent) - just your legal representation. They can then make the disbursement for you and advise you accordingly.

You shouldn't perhaps even be asking this question as your solicitor should be advising you on all aspects.

There are fixed fees for how much legal expenses are payable when purchasing a house. So just choose the most reputable possible firm to do the transaction for you - do not use one suggested by the seller or estate agent.

Be very vigilent please.

Hollymac Member

Member since 26 October 2017

HollymacMember17 November 2017 13:20:38

I am also concerned about transferring 2 minths advanced rent and utilities deposit transaction direct to a rental agent for an apartment I found. Would you advise doing so through a legal representative and if so is there a reputable listing of legal advisors in KL you could signpost?

Thanks as always!

lysiew Member

Member since 15 November 2017

lysiewMember17 November 2017 14:15:11

Hollymac, actually you can ask to transfer money to the agency rather than the personal account of the agent, it will be more safe. But make sure the agency is the reputable agency.

Hollymac Member

Member since 26 October 2017

HollymacMember18 November 2017 00:27:24

Thank you very much for your advice

Articles to help you in your expat project in Kuala Lumpur

Banking in Malaysia
According to the Expat Explorer survey conducted by HSBC in 2021, Malaysia ranks 26th in the world for expats, ...
Kuala Lumpur's neighbourhoods
Kuala Lumpur is a real megalopolis, surrounded by suburbs and neighborhoods so different from each other that they ...
Buying property in Kuala Lumpur
When you plan to move to another country or another city, your first concern is undoubtedly where you are going to ...
Getting around Kuala Lumpur
One of the advantages of moving to Kuala Lumpur when settling in Malaysia is the quick access to many facilities ...
Universities in Kuala Lumpur
Kuala Lumpur is ranked second in the world in terms of affordability of higher education. The city is a thriving ...
Accommodation in Kuala Lumpur
The city of Kuala Lumpur offers a wide range of accommodation options. Many expats opt for luxury condominiums or ...
Working in Kuala Lumpur
Kuala Lumpur is a fast-paced city, where work is often at the heart of people's lives. As Malaysia's most ...
Building a social life and making friends in Kuala Lumpur
What we (Westerners) refer to as Kuala Lumpur is, in fact, called the Klang Valley. It sits right in the middle of ...