Quote:
Originally Posted by Unregistered
I'm working in the US and I need to do regular transfers from Singapore to US.
Used to be scalped by the banks (even when calling up treasury desk).
Ever since I opened an interactive brokers account, I've been able to transfer from SIN Bank -> IB -> convert at spot -> transfer to US Bank with absolutely no spread.
I will never ever go back to the banks to convert the FX.
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Yes, that is indeed a great method but the limitation is that they can't do it for the controlled currencies.