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Understanding the Table:
The comparison table above helps you see the total cost of your DBS Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The table below shows DBS Bank Singapore dollar (SGD) Buy Cash exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | DBS Bank Buy Cash Rate | Cost% |
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DBS Bank has received numerous awards and accolades over the years for its banking and financial services, including being named "World's Best Bank" by Euromoney and "Asia's Best Bank" by The Banker. The bank is recognized for its commitment to innovation, sustainability, and social responsibility, as well as its focus on providing a seamless and personalized customer experience.
DBS Remit is an online money transfer service offered by DBS Bank that allows customers to send money from their DBS or POSB account to another bank account overseas. The service is available in multiple currencies and allows for same-day or next-day transfers, making it a convenient and fast option for sending money internationally.
DBS Remit offers competitive exchange rates and low fees, making it an affordable option for sending money overseas. Customers can also benefit from preferential exchange rates for selected currencies, which can help them save money on their international money transfers.
DBS Remit is available in a range of countries and regions, including Southeast Asia, China, Hong Kong, Taiwan, India, Australia, New Zealand, Europe, the United Kingdom, and the United States. The service allows customers to send money to over 40 countries and regions worldwide, including the Philippines, Indonesia, Malaysia, Thailand, Vietnam, China, Hong Kong, Taiwan, India, the United States, and the United Kingdom.
To use DBS Remit, customers need to have a DBS or POSB account and access to DBS's online banking platform or mobile app. Customers can initiate the transfer online and track the status of their transfer through the platform. DBS Bank also provides customer support to assist customers with any questions or concerns related to their DBS Remit transactions.
Overall, DBS Remit is a reliable and convenient option for sending money internationally, with competitive exchange rates and low fees. As it operates in multiple countries and regions, it provides a flexible and accessible solution for customers looking to send money overseas.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
For travelers planning a 1-week mid-range stay in the United States, a budget of around $1,400 to $2,000 is advisable. This estimate includes a mix of accommodation, meals, transportation, and entertainment. Here's a brief overview of typical daily expenses in local currency (USD):
In general, the U.S. can be considered an average to slightly expensive destination depending on the region. For example, major cities like New York and San Francisco tend to be pricier than rural areas. When comparing costs of visiting the U.S. to a country like Canada or the UK, Canada is often cheaper, especially regarding accommodation and dining options. The U.K. generally aligns closely with the U.S. in terms of major city expenses, with London being particularly expensive due to high costs of living, thus making a trip to the U.S. comparable.
For expats, monthly living costs generally range from $2,500 to $4,000 depending on lifestyle and location. This typically includes rent (which can be a significant part of the budget), groceries, utilities, and transportation. Useful tips for banking in the U.S. include opening a local bank account to avoid excessive ATM fees and ensuring your debit/credit cards are accepted widely. Payment methods can vary greatly, with contactless payments and mobile wallets gaining popularity.
When it comes to exchanging money, options like Wise or OFX are typically better than converting cash at local banks or airports, which may have unfavorable rates. Additionally, for regular receiving and sending of funds internationally, using online transfer services can save you significant amounts in fees and provide real-time currency conversion rates, making your financial transactions smoother and more cost-effective.
View a full list of exchange rates by selecting your Base (from) currency:
