Anonymous

02 Jun 2021

∙

Hi,my daughter is going to the US to study. What is the best way to send money from Singapore to a local bank in the US? If I use DBS remit, will the US bank charge any transfer fees on the recipient?

What is the best way to send money from Singapore to a local bank in the US?

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Lim Chun Long Jimmy

02 Jun 2021

Co-founder at PolicyWoke (Traded Endowment Policies)

Hi Anonymous,

You may consider using Wise (ex-TransferWise) to send money from Singapore to US.

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I am currently outstation in Thailand, i will monthly transfer $2k cash from baht to sg dollars to Singapore to service my HDB loan?is there any ways i can save on the remittance fees or bank charges by using other options? Thanks.?

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