Your Syfe account can be funded in both SGD and USD. 

USD-denominated portfolios (Syfe Core & Syfe Select)

Syfe Core & Syfe Select portfolios can be funded in both SGD and USD.

As our Syfe Core and Syfe Select portfolios are USD denominated, funds transferred in SGD will be converted into USD before being invested. Our broker charges Syfe customers a very low currency conversion fee of 0.09% - 0.12% to place trades from their SGD denominated accounts. Retail investors generally pay much more (between 0.5% to 0.7%) in currency conversion fees.

For funds transferred in USD, there will be no currency conversion fee (as long as wire transfer / Telegraphic Transfer is selected) as no currency conversion will be required before investing. However, kindly note that there is a minimum of US$10,000 required if you wish to transfer your funds in USD and bank charges may apply.

SGD-denominated portfolios (Syfe REIT+ and Syfe Cash+)

Syfe Cash+ portfolios can only be funded in SGD.

Funds transferred in SGD will not be charged any currency conversion fee since the underlying assets in these two portfolios are SGD-denominated. 

Transferring funds in any other currencies

At present, you may also make a Telegraphic Transfer (TT) in the following currencies: SGD, USD, AUD, CAD, CNH, HKD, NZD, GBP, NOK, SEK, CHF, EUR and JPY. Depending on your TT instruction, these currencies will be converted to either USD or SGD at our bank DBS' exchange rate.

However, as Syfe's multi-currency account takes only USD and SGD, your funds will get converted to either USD or SGD at our bank DBS' prevailing rates, depending on your TT instruction.

If you do not specify a currency in your TT instruction, the default option is for your funds to be converted to SGD. 

All forex conversions will be done at DBS rates and the forex rate is calculated at the time of the transfer. If you are doing a TT, you may also consider using online payment services platforms like Wise and Revolut for more competitive forex rates. 

Funds converted to either USD or SGD will be invested in your selected portfolio. Please note that there is a minimum investment of US$10,000 for USD investments. There is no minimum investment amount for SGD funds. 

For funds transferred via your own multi-currency account, the process is similar to a TT. The currency transferred will be converted to USD or SGD at DBS rates. Kindly note that there is no special forex arrangement and all conversions will be done at DBS rates.