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Anonymous

26 Jul 2020

General Investing

How can I fund USD into my FSMOne account after I have done my currency conversion with TransferWise?

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Normally it works like this:

1.You order Transferwise to send USD into Your FSMOne account.

2.You receive a note from Transferwise to pay SGD into their business account.

  1. You transfer this SGD sum from Your Singapore bank account

  2. On the TransferWise website You confirm that You sent the SGD to TransferWise.

  3. You wait ...

  4. You can see the progress of Your transfer on TransferWise website

(with transfer from Europe to my POEMS account it took weeks, even when I immediately sent them the TransferWise slip that the transfer was executed after few days, ... the brokers back office service can be very sluggish.)

  1. You will be happy (because my experience is that TransferWise is cheap, fast and reliable) ... no advertizing here ... just customer satisfaction.

(The brokers however need to give better service.)

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