Anonymous

11 Oct 2020

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General Investing

What are the fees incurred if we use Revolut to convert SGD to USD, then transfer to DBS MCA and thereafter from DBS to Saxo account? Will there be TT charges?

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Lee John

11 Oct 2020

Tt fees from dbs to saxo.

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I am currently using transfer wise to fund USD to my saxo account. Can I check if there are interbank fee charges apart from the SWIFT charges?

Are you 100% sure that using Transferwise or Revolut will secure better rate than funding sgd directly into Saxo USD acc that charges currency conversion fee of mid spot rate +/- 0.75%?

SAXO is charging me 0.75% fee on every transfer i make from my Singapore bank account to SAXO USD account. Has anyone found a way to avoid these fees on SAXO?

Hi. If I need to transfer S$1x,xxx to a European bank account, is it better to use DBS Remit (no fees, same day transfer) or DBS MCA account?

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