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?

Convert to USD in DBS Multiplier then transfer to TD / Tiger
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 :)

DBS/POSB Multiplier Account Tiger Brokers TD Ameritrade Wise Money Transfer

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Michelle L

10 Jul 2021

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!

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RH

16 Feb 2021

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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I'd like to fund mt TD ameritrade thru DBS. May I know which type of DBS account is the best to use? E.g., personal saving account, multi-currency acc.?

What is the best way to deposit funds into Syfe Cash+ accounts given they convert the deposits into USD? Using Syfe's internal rate or use Revolut to convert to USD before transferring to Syfe?

If I have Uob mighty fx account can I do local usd payments (e.g. To fund my broker) or does this account only work with their special debit card?

How can I fund my Saxo trading account (base currency USD) from a Singapore bank account with SGD balance? Can I use money transfer service such as Transferwise or Instarem? What's the cheapest way?

Does Tiger Brokers or Interactive Brokers allow to transfer from TransferWise USD into their accounts so that I won't incur conversion fees?