Advertisement
From my POSB account, do I transfer the funds to my TD Ameritrade account? I notice here, https://www.tdameritrade.com.sg/why-td-ameritra... it says to transfer to a DBS account.
Also, do I have to convert the funds into USD first or will it automatically be converted for me? I am confused about these steps. thanks.
4
Discussion (4)
Learn how to style your text
Nicholas Beh
28 Feb 2021
Student Ambassador 2020/21 at Seedly
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
3.6
33 Reviews
$0
MINIMUM FEE
$0
TRADING FEES
Custodian
STOCK HOLDING TYPE
4.5
961 Reviews
4.7
484 Reviews
Related Posts
Advertisement
If you transfer to the DBS account, you can only deposit in SGD. They will perform the conversion to USD and the funds will appear in your account within 2-3 working days.
If you would like to transfer USD directly, you can only do so through a wire transfer to their Wells Fargo Bank account in the US. Alternatively, you can mail them a check to their SG office in either USD or SGD but not many have tested this out and it is unclear if they will levy any charges or fees.