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Anonymous

29 Dec 2020

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General Investing

Anyone knows any workaround to transfer USD out of PayPal to a local USD account?

I have some USD in my PayPal, and also OCBC USD current account, goal is to transfer USD in PayPal to my OCBC USD. Thing is, the transfer fund action is PayPal always converts my USD to SGD (also at an unattractive rate) because it says as long as the bank account is in Singapore, PayPal will convert to SGD before transferring.

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Terence

29 Dec 2020

You could consider using intermediaries who provide a virtual US account which you could add in PayPal to withdraw in USD. There are a few options in the remittance section which offers US virtual accounts.

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