I'm trying to transfer USD from my Multi-Currency DBS Account to IBKR SG account. Can this be done?

Mine doesnt show USD currency? Im only allowed to transfer SGD why is that?

Hi Jaime,

Yes you can transfer USD from your DBS MCA into IBKR SG via wire transfer.

You need to initiate the request on IBKR and select transfer from DBS. Select USD as the transfer currency and when you get to the next page, copy IBKR's bank account number and ignore everything else.

Add IBKR as a DBS payee on ibanking and make a transfer to other DBS accounts. Make sure you specify USD as the transfer and receivable currency. Enter your IBKR account number in the comments and place the transfer. It will take up to 1 day to process the transfer.

Hope this helps!

Regards,
thefrugalstudent