facebookUnderstand that for TD Ameritrade Singapore I should do a DBS/POSB fund deposit. However, does anyone know if is free to do withdrawal back to DBS/POSB, the $25 wire transfer is omitted? - Seedly

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Understand that for TD Ameritrade Singapore I should do a DBS/POSB fund deposit. However, does anyone know if is free to do withdrawal back to DBS/POSB, the $25 wire transfer is omitted?

Discussion (5)

What are your thoughts?

Edward Tan

Edward Tan

20 Aug 2020

Level 4·Analyst at Real Estate Developer

Edward Tan Hi SGEmployeeMan, yes it seems there is a $25 withdrawal fee if you want to transfer back to your POSB / DBS account.

Most brokers have a withdrawal fee actually, it’s good enough that TDA doesn’t have a deposit fee and is commission free on stocks!

Jonathan Chia Guangrong

Jonathan Chia Guangrong

20 Aug 2020

Level 12·Cybersecurity Trainee at Bank in blue

Wire fee is charged by the clearing bank. So let's say you wish to withdraw 1k USD, you need to specify the wire fee in the amount you wish to withdraw from your Td account i.e 1025

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