[Sg banking Qn] - If I can use my DBS savings account to remit USD, why do I need a m

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An honorable member of the Coffee Shop Has Just Posted the Following:

[Qn] - If I can use my dbs savings account to remit USD, why do I need a multi-currency account?

I was told that to remit USD overseas to USA, I needed to use a DB multi-currency account, not a local savings account.

So I setup a multi-currency account, deposited some SGD into the multi-currency account as USD. I tried to remit USD over using the multi-currency account, but it seems DBS requires 2 working days to complete the SGD to USD conversion process? So I tried remitting USD from my...

Read more (https://www.sammyboy.com/threads/sg-banking-qn-if-i-can-use-my-dbs-savings-account-to-remit-usd-why-do-i-need-a-multi-currency-account.325349/)


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