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Old 09-09-2015, 09:22 PM   #4507
roz_sid
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No way around it, and no point even opening a USD account as the rates should be the same, unless you intend to withdraw USD in cash, or earn the interest rate (if any)
It may not be possible to avoid the forex charges for small amounts. And if you had a big amount, you would be using IBKR.

This has been discussed earlier in this thread and i don't have the exact post, but the SCB accounts don't accept cash (or there is a charge if you deposit cash). Which means you have to do TT or fund transfer and there are some sort of fund transfer charges involved.
thks both for ur response.
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