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Anonymous

05 Mar 2020

∙

I am about to receive 2,000 GBP from UK. What's the best way to minimize the forex/transaction fees? Is it (a) to deposit 2,000 GBP at source currency via DBS's MCA and subsequently convert to SGD or (b) receive the money as SGD?

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Frankie Rappaport

05 Mar 2020

Transferwise is the best, safe, cheap and fast.

CurrencyFair maybe second.

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Pascal S

03 Mar 2020

MBA Graduate at Singapore Management University

I would recommend using Transferwise or equivalent. They are transparent, fast and competitive rates.

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Tina Sharon Lee

07 Jun 2019

I did the former thinking the pound will strengthen. Still waiting! The former doesn't incur any cos...

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What are the fees incurred if we use Revolut to convert SGD to USD, then transfer to DBS MCA and thereafter from DBS to Saxo account? Will there be TT charges?

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