facebookI 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? - Seedly

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Anonymous

28 Aug 2020

Robo-Advisors

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?

Discussion (1)

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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.

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