Syfe does not charge any fees for withdrawing, adding, or transferring funds between your portfolios.

However, depending on your selected withdrawal currency and destination bank account, external bank charges may apply. These charges are imposed by intermediary and/or receiving banks, and are entirely at their discretion.

Withdrawals to a Singapore bank account

• We recommend selecting SGD to avoid potential foreign exchange (FX) charges from your bank.
• For USD withdrawals to Singapore bank accounts:
  • USD transfers between local banks may incur charges from the intermediary and/or receiving bank.
  • These fees are borne by you and are not imposed by Syfe.
  • Based on past instances, each transfer may be subject to at least USD 50 in fees.
  • Syfe is unable to advise on the exact fee prior to the actual transfer.

Withdrawals to an overseas bank account

• Additional FX conversion fees may apply if your selected withdrawal currency differs from your bank account’s currency.
• Transaction or intermediary bank fees may also be imposed by the intermediary and/or receiving bank.

High-value withdrawals or transfers via Telegraphic Transfer (TT)/MEPS

• Withdrawals above SGD 200,000, or to overseas bank accounts, will be processed via Telegraphic Transfer (TT) or MEPS.
• These methods may incur additional charges by the intermediary and/or receiving bank, which will be borne by you.
• To minimise charges, we recommend withdrawing in amounts of SGD 200,000 or less per transaction where possible.

Important notes

• All charges are determined by the intermediary and/or receiving banks.
• Syfe will not be able to advise on the final fee amount before transfer, as it varies by bank and transaction route.