Which is the cheapest way to transfer USD10k from US bank account to SGD? - Seedly
 

Forex (FX)

DBS Multi Currency Account

TransferWise

Multi Currency Cards

Asked by Anonymous

Asked 2w ago

Which is the cheapest way to transfer USD10k from US bank account to SGD?

Am currently considering DBS MCA, TransferWise, are there any others that I should also be considering?

0

Answers (2)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Lky
Lky
Level 3. Wonderkid
Answered 2w ago

Citibank global transfer can transfer USD for free if you have an account with Citi US and Citibank SG.

2 comments

0
Question Poster

2w ago

Thank you. I tried Citi Global Transfer before and the rate wasn’t good. For example, for USD/SGD the quote was 1.33 when the mid market rate was 1.35. So that’s a huge loss if I converted.
Lky
Lky

2w ago

I kept in USD and did not use their conversion rate.

Transferwise. They have us bank details so you can ACH to them and then use their system to SG and FAST for last mile to your own bank account

5 comments

0

See all 5 comments

Jonathan Chia Guangrong
Jonathan Chia Guangrong

2w ago

Yes it'll be considered to be a TT as it'll involve wiring the funds over to your dbs mca account. This will probably cost about 20 to 25 usd alone.
Kelly Trinh
Kelly Trinh

2w ago

@OP - what did you end up doing?