I have some USD cash at hand and would like to transfer this into my IBKR account and avoid any currency conversion or fees in the process. Is this possible? If not, what's the next best option?

I understand there are fees to deposit USD into multi currency accounts such as DBS Myaccount or Multipler accounts at bank branches.

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Eugene Ang

27 Sep 2022

Deposit USD into DBS Multiplier Account and initiate transfer into IBKR directly.

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Adam

Edited 28 Jul 2022

I see banks charge 1.5% for USD deposit. Then would the best option be I should go Mustafa Center, change to SGD, then deposit into DBS, then transfer to IBKR, and convert to USD?

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NicoleCai

28 Jul 2022

I believe its unavoidable unless you have DBS treasures...

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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?

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?

SAXO is charging me 0.75% fee on every transfer i make from my Singapore bank account to SAXO USD account. Has anyone found a way to avoid these fees on SAXO?

I'm planning to sell some of my US stocks and the funds will be transferred back into my ocbc 360 account as USD. May i know is it possible for my ocbc 360 account to receive in terms of USD or i have to change the currency to SGD first?

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?

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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?

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?

SAXO is charging me 0.75% fee on every transfer i make from my Singapore bank account to SAXO USD account. Has anyone found a way to avoid these fees on SAXO?

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?