I don't know if SCB has the best online banking but certainly it is the only bank known on this forum that can waive most of the fees for international bank wires, except the intermediary bank fees. Please read here. So the total cost of the bank wire to UK should be approx. GBP 20.
You can also cover intermediary charges to receive amount in full (by choosing "OUR" when doing the transfer). If the remittance is in SGD, fixed intermediary charges are S$50, if in foreign currency, then US$28 or equivalent.
I don't know if SCB has the best online banking but certainly it is the only bank known on this forum that can waive most of the fees for international bank wires, except the intermediary bank fees. Please read here. So the total cost of the bank wire to UK should be approx. GBP 20.
You can also cover intermediary charges to receive amount in full (by choosing "OUR" when doing the transfer). If the remittance is in SGD, fixed intermediary charges are S$50, if in foreign currency, then US$28 or equivalent.
Citibank is completely free as long as you use have Citibank on both ends, in SG and UK. I don't know their SG -> UK exchange rate, but the other day is was 1.249 SGD -> 1 USD, which was less than 1% different from what the market said it was...
Citibank is completely free as long as you use have Citibank on both ends, in SG and UK. I don't know their SG -> UK exchange rate, but the other day is was 1.249 SGD -> 1 USD, which was less than 1% different from what the market said it was...
That's quite a good exchange rate for one that doesn't have to be "fixed" over the phone.
Was that the general rate for all clients or do you need Citigold status to get such "tight" quotes online?
I just have a normal Citibank acct. As mentioned, I think it's very good for the Singapore end, as they're trying to be competitive in Singapore. When I go from US -> SG, I need to pay a US$11 fee (since I need to initiate on that end). In the US, Citibank doesn't need to try and be competitive
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