How to transfer USD out of SAXO and into DBS Multi-currency account? Settings in Saxo require Clearing code and BIC, which SAXO requires, but DBS doesn't have.?

Hi, I'm trying to withdraw USD funds from my SAXO to my DBS multi-currency account.

SAXO is asking for these fields in the below combination to submit a new withdrawal account request, but DBS live support telling me they dont have the fields for each combo lol.

Clearing code + account number

IBAN + BIC

Anyone done this before?

https://imgur.com/CWBz1K7

https://imgur.com/4xnofZ5

DBS/POSB Multiplier Account

Discussion (2)

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Gabbie

15 Jun 2023

Hi I am trying to withdraw my USD from saxo to DBS too. Just wondering what are the charges?

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06 Sep 2020

I was trying to do the same an hour ago. I ended up putting clearing code as 7171 and managed to submit. I guess that clearing code may not be applicable to SG banks and that Saxo admin will reply if the clearing code is incorrect and we can take it from there.

From google:
A bank clearing number or BC number is a number used for the identification of financial institutions in Switzerland and Liechtenstein. Bank clearing numbers are connected to the Swiss Interbank Clearing and the EuroSIC system. Bank clearing numbers consists of 3 to 5 digits.

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