facebookHow should I fund my TD & Tiger account – Should I convert to USD in DBS Multiplier, or convert to USD with the broker? Any other ways (e.g. Transferwise)? - Seedly

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Anonymous

16 Feb 2021

General Investing

How should I fund my TD & Tiger account – Should I convert to USD in DBS Multiplier, or convert to USD with the broker? Any other ways (e.g. Transferwise)?

Hi! I'm new to investing and just opened a brokerage account. Which is the best way to fund my TD / Tiger account?

  1. Convert to USD in DBS Multiplier then transfer to TD / Tiger
  2. Transfer in SGD to Tiger and convert to USD within Tiger

Read that TD only accepts USD so we can only convert in DBS first - is that true? Also, please share if there are other alternative methods (e.g. Transferwise) and how that works! Thanks so much :)

Discussion (2)

What are your thoughts?

Hi, I use dbs multiplier to tiger. The conversion rate is not ideal but that the only way to deposit.

If you found better option, do share!

If every cent currency conversion is important to you, then it is always not favoured via banks. TransferWise is easy to use and rates Are always lower than banks.

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