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Old 30-03-2013, 12:23 PM   #31
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Some bank do charge 1% fee when you do that.
yeah i know, but i have already verified and got assurance from them via otc and phone, that as long the debit or credit transaction is for this multi-currency account, there will be no 1% fee

let me withdraw $10 usd next week (provided queue is short) and see will they charge me any 1% fee or not first
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Old 30-03-2013, 08:52 PM   #32
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I have this acct (just converted) and coincidentially just received an USD cheque from an USA bank (morgan stanley)... Can deposit into the acct right ?
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Old 30-03-2013, 08:57 PM   #33
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yeah i know, but i have already verified and got assurance from them via otc and phone, that as long the debit or credit transaction is for this multi-currency account, there will be no 1% fee

let me withdraw $10 usd next week (provided queue is short) and see will they charge me any 1% fee or not first
That's interesting......
Please keep us updated if you managed to withdraw without any fees and charges, thanks
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Old 30-03-2013, 08:58 PM   #34
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I have this acct (just converted) and coincidentially just received an USD cheque from an USA bank (morgan stanley)... Can deposit into the acct right ?
Can, but iirc there will be clearing fee involved if the cheque is from oversea bank/issuers

Only cheque issued by local banks will be free
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Old 30-03-2013, 09:47 PM   #35
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Can, but iirc there will be clearing fee involved if the cheque is from oversea bank/issuers

Only cheque issued by local banks will be free
if the morgan stanley check is from USA, then need to air freight back. about 30sgd if i remb correctly.
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Old 30-03-2013, 09:50 PM   #36
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That time i went to US for quite sometime, i uses Citibank, no extra charge, but need to maintain a minimum sum, cant remember, i think it is 5k
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Old 30-03-2013, 10:06 PM   #37
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Thanks guys.. Did not know got charges
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Old 30-03-2013, 10:33 PM   #38
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Refer to page 5 for some T&C

http://www.dbs.com.sg/Resources/pers...osit_guide.pdf
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Old 24-04-2013, 07:45 AM   #39
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Any update on this account? Are foreign currency withdrawals fees at the branches waived? It would be great if this is true. I have checked all banks in Singapore and the only one that waive fees for FCY cash withdrawal is SCB (upon holding World Partner status).
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Old 30-04-2013, 04:02 PM   #40
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Nobody withdrew / deposit FCY in cash from this account to confirm fee waiver?
I wrote to DBS but they didn't care to reply yet.
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Old 30-04-2013, 04:03 PM   #41
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Nobody withdrew / deposit FCY in cash from this account to confirm fee waiver?
I wrote to DBS but they didn't care to reply yet.
I deposited before but no time go withdraw lahh
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Old 30-04-2013, 04:04 PM   #42
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I deposited before but no time go withdraw lahh
Was this deposit free of charge?
Normally there are the same fees for FCY cash deposits / withdrawals.
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Old 02-05-2013, 05:30 AM   #43
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Took 5 days to get a an offtopic response from DBS:

1. Is it possible to open MCA account being Employment Pass holder?

Answer: You can bring along the valid passport if you do not have the S
pass/Employment pass. All account opening are subjected to branch
approval.

[I asked this question as on their website it is not clearly written and MCA account appears in Citizen/PR section.]

2. Can you confirm that there are no fees for MCA account regarding
foreign currency cash deposits / withdrawals at the branch?


Answer: Ability to withdraw in foreign currencies without forex conversion
(Cash, Outward remittance/demand draft, Foreign Currency Fixed Deposit)
Receive foreign currency funds without conversion (Inward remittance,
foreign currency cheque deposits).

Seriously, DBS 12th safest bank in the world need so much time to get back with such lousy answers?
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Old 02-05-2013, 08:01 AM   #44
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Took 5 days to get a an offtopic response from DBS:
2. Can you confirm that there are no fees for MCA account regarding
foreign currency cash deposits / withdrawals at the branch?


Answer: Ability to withdraw in foreign currencies without forex conversion (Cash, Outward remittance/demand draft, Foreign Currency Fixed Deposit)
Receive foreign currency funds without conversion (Inward remittance, foreign currency cheque deposits).
The answer seems lacking - if it's complete, it'd mean this account would incur fees for foreign currency cash deposits without forex conversion.

Last edited by dreant; 02-05-2013 at 08:03 AM..
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Old 02-05-2013, 10:37 AM   #45
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I got an off topic reply from them too.
ppl profit report gao gao, no time entertain small fry reply.
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