facebookWhat are methods I can use to minimise bank fees on overseas transfer for overseas RoboAdvisors? - Seedly

Anonymous

20 May 2020

General Investing

What are methods I can use to minimise bank fees on overseas transfer for overseas RoboAdvisors?

I am interested in investing in an overseas roboadvisors. To transfer funds to the roboadvisor I would have to perform a bank transfer. This incurs bank fees of USD30 which is way too much in my opinion especially since I’m investing <$500 per transaction.

Are there online services that provide cheaper fees? Maybe an online remittance service ,etc.

Discussion (5)

What are your thoughts?

Learn how to style your text

You can look at TransferWise as they do provide US banking details. Any bank transfer out is sort of like “local bank transfer” to another US bank. Also their forex rates and transfer fees would probably be lower than USD30.

View 4 replies

Write your thoughts