facebookI 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? - Seedly

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Anonymous

05 Mar 2020

āˆ™

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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?

Discussion (5)

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Transferwise is the best, safe, cheap and fast.

CurrencyFair maybe second.ā€‹ā€‹ā€‹

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.

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

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