B. L.

25 Oct 2020

∙

General Investing

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

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Nicholas Beh

25 Oct 2020

Student Ambassador 2020/21 at Seedly

No, you cannot - the TD Ameritrade Singapore account with DBS only accepts SGD. They will then convert it to USD for you.

However, not to worry - you can transfer your USD to TD Ameritrade's US account using DBS Remit, which is free if you already have USD in your account. Once you have transferred all the USD in you account, it will probably be better to transfer SGD to their SG account because the rate that DBS provides TD Ameritrade is better than the rate they offer to normal folks like us.

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Related Posts

Is it better to have open a multi currency account (dbs) and transfer USD to TD ameritrade or transfer 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)?

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 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?

Which bank gives better rates for covering SGD to USD for US stock investments? Am considering DBS multi currency account and SC bonussave?