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

Anonymous

19 Nov 2021

Saving Hacks

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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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.

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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