facebookHow does the exchange rate in TDA works? Do we deposit SGD and they auto convert to USD or we do the conversion? - Seedly

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Anonymous

06 Nov 2020

General Investing

How does the exchange rate in TDA works? Do we deposit SGD and they auto convert to USD or we do the conversion?

Recently got activated. May I check if I do SGD transfer from DBS to TDA, the money will be converted by TDA and reflect in USD? Or I will need to convert SGD to USD myself in the account? How is the exchange rate in TDA? And how long does the transfer take?

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They will auto convert, close to spot rate - quite competitve

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Hi Anon, I transferred via DBS to TDA DBS account. The money will be reflected in USD on your TDA ac...

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