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Greg

22 Jul 2020

∙

General Investing

I was trying to fund my IB account with USD via Revolut and was hit with a USD20 SWIFT fee. Since that is no longer a viable route, does anyone have a cheaper way to fund IB with USD?

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Joey Gaeth

21 Jul 2020

BSc Economics at London School of Economics and Political Science

I personally just fund it directly with sgd using FAST tsfr available in all sg banks. IB have pretty good forex. Just buy the USD.SGD pair whenever u want to trade and u can straight away buy what stocks u want. I've always done that. Forex fee was just about US$2 only.

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I have tried depositing USD from my revolut account to my USD denominated Saxo account. But my funds seems to have been refunded back to me. Have anyone encountered such issues before?

Anyone tried funding USD to Saxo with DBS multicurrency account? What are the fees involved?

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?

What is the best way to deposit funds into Syfe Cash+ accounts given they convert the deposits into USD? Using Syfe's internal rate or use Revolut to convert to USD before transferring to Syfe?

I am currently using transfer wise to fund USD to my saxo account. Can I check if there are interbank fee charges apart from the SWIFT charges?

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