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Anonymous

26 Apr 2020

∙

Are you 100% sure that using Transferwise or Revolut will secure better rate than funding sgd directly into Saxo USD acc that charges currency conversion fee of mid spot rate +/- 0.75%?

Does using muti-currency cards and accounts secure better exchange rates when using Saxo USD account?

Saxo Markets Wise Money Transfer Revolut Card

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What are your thoughts?

Yang Teng

24 Apr 2020

TransferWise has a fee of 0.35-0.3%, meanwhile Revolut has 0% fees.

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Now that SAXO has reduced its currency exchange rate from 0.75% to 0.3%, does it still make sense to use Transferwise or just do the conversion directly in SAXO?

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