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Anonymous

19 Nov 2021

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Is there a fee to remit and deposit foreign currency using the new DBS My Account MCA?

I can't seem to find the fee on this website.

https://www.dbs.com.sg/personal/deposits/saving...

If there isn't, I can remit USD to my brokers etc etc.

Appreciate the assistance. Thank you.

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Maximilian Günther

19 Nov 2021

There is no fee to remit foreign currencies with MCA. However I have found that DBS MCA charges about 7USD fees when recieving incoming USD wires from Interactive Brokers. Seems to be the case for all incoming wire transfers.

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Not a financial advisor

19 Nov 2021

USD is under remit, so its free~

How to check, just go to DBS, tap Oversea Transfer, on top to the screen tap “Check DBS Remit Rates”~
It will list out which currencies are under remit~

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