facebookHow does the exchange rate in TDA works? Do we deposit SGD and they auto convert to USD or we do the conversion? - Seedly

Anonymous

06 Nov 2020

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General Investing

How does the exchange rate in TDA works? Do we deposit SGD and they auto convert to USD or we do the conversion?

Recently got activated. May I check if I do SGD transfer from DBS to TDA, the money will be converted by TDA and reflect in USD? Or I will need to convert SGD to USD myself in the account? How is the exchange rate in TDA? And how long does the transfer take?

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They will auto convert, close to spot rate - quite competitve

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Hi Anon, I transferred via DBS to TDA DBS account. The money will be reflected in USD on your TDA account after a 2-3 days. They will auto convert it for you. If I can remember I got 736+ USD from a 1k SGD deposit recently.

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