customers with a DBS Visa Debit Card linked to a DBS Multi-Currency Account (MCA can use their card to spend overseas in the countrys given local currency* without any additional charges. Further details on how to be eligible for the schemes benefits are available at m/sg-mca. The bank is also at the forefront of leveraging digital technology to shape the future of banking. Visa cardholders are increasingly using their payment cards when they travel and cross border transactions by Singapore debit cardholders is growing close to 15 year-on-year. They will also get to skip FX fees and conversion charges for their overseas spends. Euro, hong Kong Dollar, hungarian Forint, iceland Krona. In 2015, DBS made the DBS MCA a standard account for new customers to ensure customers will always have ready access to foreign currency exchange and rates.
Telegraphic Transfer rates and On Demand are rates available.
The TT rate is applicable to funds that has already been cleared with the Bank while the OD rate is applied otherwise.
The buying rate is used.
DBS Bank often adds a larger margin to the exchange rate compared to specialist money transfer services.
DBS Banks 0 transfer fee to popular countries may be an attractive feature, but its always worth comparing exchange rates before you send money overseas.
Dbs singapore forex rates
Best forex account uk, True ecn forex brokers usa,
This is something the bank is uniquely positioned to do given that it banks most of Singapore and is the nations largest credit and debit card provider, with some five million cards in circulation here. (for small merchants and micropayments DBS FasTrack (for F B SMEs posb Fare Free Friday (for public transport-related forex options explained transactions posb Smart Buddy (for school kids) and more. With travel and ecommerce expenditure rising rapidly in Singapore, we decided to be on the front foot and introduce a game-changing scheme for customers and the industry. For DBS Visa Debit cardholders in particular, foreign currency payments make up more than 20 of total payments. Singapore Dollar (SGD) updated 06:00:22(GMT) updated 06:00:22(GMT), singapore Dollar (SGD british Pound. In addition, the customers DBS MCA must be linked to their DBS Visa Debit Card as a primary account. Our hope is that this will incentivise Singaporeans move towards the security and convenience of cashless payments, said Jeremy Soo, Head of Consumer Banking Group (Singapore) at DBS. The TT rate is applicable to funds that has already been cleared with the Bank while the OD rate is applied otherwise.