Anonymous

01 Oct 2019

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General Investing

Can DBS Multi-Currency Account be used as a day-day account?

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Cherie Julianne Tan

15 May 2018

Marketing at MoneyOwl

I'm quite sure you can as long as you have sufficient currency in your MCA for your purchases in the respective countries. For example, if you want to spend in Singapore, ensure that you have enough SGD in your MCA and so on. DBS states, "With DBS Multi-Currency Autosave, you can save and transact in Singapore dollars and multiple foreign currencies, through one comprehensive account." So just ensure that you have enough money in your account!

You can link your debit card to that account as well, remember to link it as your primary account. I have mine linked to my DBS Visa Debit card! Hope this helps! :)

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I'd like to fund mt TD ameritrade thru DBS. May I know which type of DBS account is the best to use? E.g., personal saving account, multi-currency acc.?

Can I open a new DBS account? And are all new DBS account multi-currency accounts?

I have a HK bank account but reside in SG. What platform(s) can i invest in using my cash in my HK bank account? Should i move over my HKD over to a multi-currency account in SG instead?

I’ve just started a sole proprietorship. I want to separate business profits and personal savings. Should I open a corporate account or use my DBS multi currency account to receive all revenues?

Would dividends from my stocks get credited into my CDP DCS bank account OR get credited back into my DBS Vickers Multi-Currency account?