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u/Background-Grand5466
4 hours ago
Other
Best way to exchange and transfer SGD/USD to US bank account
I have 2 questions:
1. Which is the best place to exchange SGD into USD? **Moomoo** offers bad rate but can transfer to DBS Multiplier USD account at 0$ fee. Not sure with **IBKR** but heard it has the best exchange rate. **Wise** is somewhere in between for wire transfers. For now **Maribank** offers some good rates as well.
2. Does all wire transfers incur fees? How can I know which bank charges how many fees? Does DBS charge outgoing fees and like say US bank like Chase or BoA charge incoming wire fees?
I’m planning to convert and send around $30,000 so would like to know which is the best out there.