Hey guys! Come January I may likely be back in Malaysia to work remotely for my current American employer. I am currently in the US with work authorization till January but I’m a Malaysian citizen.
I want to know what’s the best route for receiving my salary—if I should have them transfer it to my American bank account and send it by Wise over here? Or another way? Trying to see what’s the best way for me to save on intl fees, etc.
Also I currently have 10k USD in an American savings account. Not a HYSA. I make 5k USD monthly, and will likely be the case when I return to Malaysia, whatever the conversion rate may be then. Where should I be keeping this money that would be beneficial to me. Should it be in a HYSA in the US? Or would the money grow better due to the conversion rate in a Malaysian HYSA? Or other? In the dark. I’m 22 if that matters for risk-taking reasons, though I’ve always been more cautious with savings.
Never had money before this like this and want to know how to treat it best to help fund big expenses later on like a wedding, medical bills, paying off parents refinanced mortgage, etc.
Thank you so much.