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05 Mar 2020

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What is the cheapest way to transfer SGD from a SG bank to USD in another SG bank?

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Transferwise should currently be the cheapest, CurrencyFair is also cheap.

Consider dbs multi currency account. You can convert from sgd to usd at anytime you wish. If you really need the usd account to be in another bank other than dbs, not much choices actually. FAST transfer will not work as it can only be done in sgd.. If the bank where your usd is in does not have a high commission charge for accepting physical deposits in USD, can consider changing at a money changer and deposit

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