Anonymous

11 Oct 2020

∙

General Investing

How do you top up your USD cash account in FSMOne?

I’m new to investing and have started an RSP with FSMOne. I have chosen VOO, so I have to have a USD Cash Account, but am not sure how to do this 😰 I tried using bank transfers and even exchanged currencies with my bank account, but still can’t figure it out... I’m also worried about the fees that will be incurred, can anyone give tips?

FSMOne Fundsupermart

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Jing Wei

11 Oct 2020

I transfer in via SGD and convert in to USD in FSMone. Their currency conversion rate is quite good actually.

Usually for direct USD transfer into brokers, there might be additional fees.

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Related Posts

Hi! FSMOne charges a dividend handling fee of 2.50 USD minimum. So what if your dividends for that year are less than thay amount? Does that mean they deduct 2.50 from your cash account anyways?

How do you fund your FSMOne cash account in USD?

How to buy ETF in other currency e.g. USD, HKD using FSMOne SGD Cash Account?

Is there any difference in interest if i top my CPF SA or RA account with cash? If not, how would u choose whether to top up SA or RA account?

CPF top up to Special Account - After hitting the SA limit, can I invest using SA such that I do not meet the limit and top up SA with cash for tax relief? After top up, I liquidate back to SA.