Asked by Nicholas Chan

What is the cheapest way to transfer SGD from a SG bank to USD in another SG bank?

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    • Jonathan Chia Guangrong
      Jonathan Chia Guangrong, Fund Manager at JCG Fund

      Top Contributor (Jan)

      339 Answers, 485 Upvotes
      Answered on 07 Oct 2018

      Consider dbs multi currency account. You can convert from sgd to usd at anytime you wish. If you really need the usd account to be in another bank other than dbs, not much choices actually. FAST transfer will not work as it can only be done in sgd.. If the bank where your usd is in does not have a high commission charge for accepting physical deposits in USD, can consider changing at a money changer and deposit

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