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For those of you using TD Ameritrade (TDA) or Thinkorswim, I was previously informed by their team that FAST SGD funding can be now done, so we can avoid all the fees from the damned Telegraphic Transfers.

You have to use a DBS account (I'll try with my POSB account, I think it should work).

The link is here.

The steps are:
  1. You will need to contact them via email or phone to register your interest at +6568232250 or funding@tdameritrade.com.sg
  2. After that, provide a bank account statement from the account to send money.
  3. TDA will verify your account and provide you with a bank account number to transfer funds
  4. Indicate your 9 digit TDA Singapore account number on the column, "My name, for display on recipient bank statement" for easy reference.

A few notes:
  • Do note that no third party deposits will be accepted (your bank account name must match the name you used to open the TDA account).
  • The daily cut off time is 11pm (except for the last day of the month which 8.30pm).
    Only SGD is accepted (I'll try to see the FX rates, hopefully, better than whatever I am using from the local banks).

Just a Public Service Announcement.

Cheers to all.

EDIT (31Aug19): I did a transfer and it is the spot rate, which is AWESOME! Takes 2 working days for mine though.

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