If I receive dividends in my bank account as USD, how can I convert it to SGD?
Can I use amaze to convert it back to SGD back to my bank account?
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Kelly Trinh
03 Nov 2019
Backoffice technical at financial services firm
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Need to distinguish between AMAZE (the multi-currency card product that will be launched by InstaReM in Dec) and the remittance function that has been running for a while.
For your query - the latter supports this (USD from SG domiciled account to change to SGD and credit to SG account). Depending on your bank it might be troublesome if your USD source doesn't support transfer out online (so need a visit to the branch to transfer the USD to InstaRem)