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Old 23-06-2019, 11:33 AM   #8
whizzard
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Join Date: Mar 2001
Posts: 936
Interested in opening a DBS MCA account and saw this on DBS's website (https://www.dbs.com.sg/personal/depo...nal-transfers#),


How did the 3rd party money-changer credit your DBS account without any handling commission? Am I missing something?
There are no charges for fees or commission from DBS Bank for any online credit of foreign currency deposit from a 3rd party into my DBS account or from my DBS account to another 3rd party if the transfer is done online.

Like you, or anyone else for that matter, I also don’t like to pay fees/commission to the bank for money deposited into my account or for money I transfer to another person’s account.

As they say, a picture paints a thousand words:

Here’s the foreign exchange contract with the money changer for EUR5,000:


Here’s the credit of the EUR5,000 into my DBS account:

Last edited by whizzard; 23-06-2019 at 11:53 AM..
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