Advertisement

Anonymous

28 Aug 2020

∙

I have a DBS multiplier account. Should I deposit Stashaway/Kristal.AI in USD currency directly and avoid their conversion fee? OR deposit in SGD and allow the robo advisors to do the FX conversion?

What is the most cost-efficient method?

DBS/POSB Multiplier Account StashAway Kristal.AI

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Lee John

28 Aug 2020

If you already have USD, then deposit in USD to minimise forex cost. The spread isnt always great and there may be fees so you'll lose out.

Reply

Save

Write your thoughts

Related Posts

Is there any no fall-below fee multi currency account? For DBS multiplier fall below amount is 3K and too high. Secondly, once I have a multipler account can I deposit USD cash without any fees?

I have DBS Multi Currency Account with USD; can I deposit USD into TD Singapore account instead of depositing with SGD?

What is the best brokerage platform to start investing in US stocks/UTs? I have a DBS Multiplier(multi-currency contains SGD & USD) account and recently opened a Saxo account(yet to start investing)?

Hi, is it possible to just transfer USD into Saxo Markets accounts to avoid the currency conversion fees if I want to trade US shares? Will there be an admin fee of whatsoever to do that?

If someone deposited USD to my DBS multiplier account, will it be shown as USD or auto converted to SGD?

Related Products

DBS/POSB Multiplier Account

4.3

324 Reviews

Up to 4.10% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

StashAway

4.7

1297 Reviews

Kristal.AI

4.4

92 Reviews

Related Posts

Is there any no fall-below fee multi currency account? For DBS multiplier fall below amount is 3K and too high. Secondly, once I have a multipler account can I deposit USD cash without any fees?

I have DBS Multi Currency Account with USD; can I deposit USD into TD Singapore account instead of depositing with SGD?

What is the best brokerage platform to start investing in US stocks/UTs? I have a DBS Multiplier(multi-currency contains SGD & USD) account and recently opened a Saxo account(yet to start investing)?

Hi, is it possible to just transfer USD into Saxo Markets accounts to avoid the currency conversion fees if I want to trade US shares? Will there be an admin fee of whatsoever to do that?

If someone deposited USD to my DBS multiplier account, will it be shown as USD or auto converted to SGD?

Advertisement