Hi all,
Glad to find out there's such forum exists, I had no 2nd thought clicking the sign up button haha!
I have been in KL for about 2 years working as an expat. Now it's about time I need to bring back home with a large some of money ($10k USD defined by local officials) to my home country for personal use when I fly out this time with AirAsia.
I know I didn't have to go through this if I were to do wire transfer through my bank here, but the exchange rate given is beyond reasonable (losing thousands ringgits), so I want to go with the hard way - bringing cash out of Malaysia.
I have read that here: http://www.customs.gov.my/en/tp/pages/tp_cec.aspx , sounded straightforward by filling out the form 22 and hand in to the custom, but I have been in this country long enough to learn that it won't be this clear in reality without going through a hard time with the customs.
I can prove my source of the money, not a problem, it's legit after all. I just don't want to have my declaration denied for whatever reasons and miss my flight because of time taken is unexpectedly long. I just want a happy trip home lol.
Any expats here had gone through this and mind sharing your take on it?
Lastly, if anyone can recommend me another way to do the transfer without getting ripped by the bank's rates here, please let me know too So far I have not found a bank that can deposit physical foreign currency notes.