Anonymous

31 Jan 2021

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If someone deposited USD to my DBS multiplier account, will it be shown as USD or auto converted to SGD?

If USD was deposited to my DBS multiplier account, will it be shown as USD or automatically converted to SGD?

Discussion (2)

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Randy

31 Jan 2021

Financial Analyst at

It will be shown as usd, and the total balance of your account will move up and down depending on usd/sgd exchange rate (i am not sure if it’s realtime or updated daily lets say).

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Investorean

31 Jan 2021

It will show as USD as dbs multiplier account is a multicurrency account.

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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?

I had SGD as my main currency on Saxo and opened a USD sub account. When selling USD denominated positions on the SGD account, will it still auto convert back to SGD?

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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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?

I had SGD as my main currency on Saxo and opened a USD sub account. When selling USD denominated positions on the SGD account, will it still auto convert back to SGD?

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

I want to buy a Singapore stock but it is quoted in USD. I have a DBS MCA account. Do I need to do currency conversion or will DBS Vickers auto convert and deduct from my account?

How should I fund my TD & Tiger account – Should I convert to USD in DBS Multiplier, or convert to USD with the broker? Any other ways (e.g. Transferwise)?