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Lucas Chua

24 May 2023

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General Investing

Funding broker acc with USD

Hi, is there any way to transfer the USD in my DBS multi-currency account to fund my broker (syfe trade) ? Do I have to pay any fees in order to do that?

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Choon Yuan Chan

01 Jun 2023

You can do so, but DBS will charge you a fee for it.

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SamC

24 May 2023

From syfe website

You may transfer USD funds directly to SYFE CLIENT USD ACC, a USD receiving account. In this case, there's no need for you to convert any funds to USD before placing a trade.

Kindly note that Syfe does not charge any fees for receiving funds in USD.
However, the remitting bank (your bank) and the beneficiary bank (our bank) may impose charges at the banks' discretion.
These bank charges will be borne by the client and not by Syfe.

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