Anonymous
In particular - if I use SC/IB/TD and trade US stocks, linked to my DBS Multiplier account, how can I adjust the setting so that the USD can be maintained in the same currency after selling it or when I receive dividends?
Subsequently as well, how do I transfer this balance to my Youtrip card for online purchases, or even transfer the USD to my Live Fresh card?
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Kelly Trinh
03 Nov 2019
Backoffice technical at financial services firm
Need to distinguish between AMAZE (the multi-currency card product that will be launched by InstaReM in Dec) and the remittance function that has been running for a while.
For your query - the latter supports this (USD from SG domiciled account to change to SGD and credit to SG account). Depending on your bank it might be troublesome if your USD source doesn't support transfer out online (so need a visit to the branch to transfer the USD to InstaRem)
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Should only be possible if you have a USD account at your brokerage plus you trade at a stock exchange where the stock is traded in USD currency