For USD-denominated portfolios (Syfe Core & Syfe Select portfolios), you can withdraw your funds in either Singapore dollars (SGD) or United States dollars (USD).
For SGD denominated portfolios (Syfe Cash+ & Syfe REIT+), you can only withdraw in SGD.
If you are withdrawing to a Singaporean bank account, we would recommend choosing SGD to avoid any foreign exchange charges from your bank.
For USD withdrawals, a transaction from our bank, DBS, to another DBS bank account in Singapore is currently free. However, transferring to any other banks in Singapore may incur bank charges to be borne by you. These charges are at the full discretion of the banks and Syfe will not be able to advise with regards to the exact amount.
Withdrawing funds into an overseas bank may also incur forex charges for currency conversion if your bank account’s currency and the currency you selected are different.