Anonymous
Asked on 16 Jul 2018
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4 answers
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Frankie Rappaport
Answered on 05 Mar 2020
Transferwise is the best, safe, cheap and fast.
CurrencyFair maybe second.
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Pascal S, MBA Graduate at Singapore Management University
Answered on 03 Mar 2020
I would recommend using Transferwise or equivalent. They are transparent, fast and competitive rates.
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Tina Sharon Lee
Updated on 07 Jun 2019
I did the former thinking the pound will strengthen. Still waiting! The former doesn't incur any costs. Make sure that they specifically state remitting in Sterling Pounds though in the advice.
1
Deanna Lim
Answered on 18 Jul 2018
I think that might be a possible option. You convert the amount you need via DBS MCA. Additionally, you can also turn on your notification to look out for favourable exchange rates. Can read more here: https://dollarsandsense.sg/studying-overseas-heres-applying-multi-currency-account-makes-financial-sense/
There are other ways to minimise the forex fees, i.e. using Transferwise or WorldFirst- but that will require you to set up an account with them. Quite troublesome. If it's a one-off transfer, I would suggest using DBS MCA instead.
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