Thanks, PrimroseHill. I am going to set up a foreign currency account with Citibank!PrimroseHill wrote:Open up a USD account at Citi SG then transfer to heart's content. Thats what we did.
We opened a USD & GBP denominated account, so it was merely a USD to USD transfer, no forex charges just the TT/SWIFT
PH, we were informed that any USD coming into Singapore, at any bank, will automatically be converted to SGD before it is deposited. The reason being - so we were told - is because banks here aren't permitted to accept SGD outright, possible as a measure against laundering, not sure.PrimroseHill wrote:Open up a USD account at Citi SG then transfer to heart's content. Thats what we did.
We opened a USD & GBP denominated account, so it was merely a USD to USD transfer, no forex charges just the TT/SWIFT
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