How can i fund USD into my FSMOne instead of incurring fees for the currency conversion?

Hi! That is a great question, according to FSMone FAQs, it looks like there is no way to directly deposit a foreign currency into the cash account and a telegraphic transfer will need to be done for foreign currencies.

I do have regular saving plans with FSMone buying US ETFs and I input SGD amount into the system and I set up an automated standing instruction for the amount to be sent from my banking account to FSMone. FSMone will then convert the amount to USD and proceed to purchase the ETF for me.

If you would really like to check if you can deposit USD into your USD cash account, you can write an email or call them. They are quite responsive on email as per my previous experience with them.

I do also document my journey with FSMone and you can read it here: https://sginvestment-lady.blogspot.com/2021/01/...