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Note: In order to deposit USD into your Independent Reserve wallet, you must link your bank account on the platform.

Deposit USD from DBS using your web browser

To deposit USD in Singapore to your Independent Reserve account using your DBS bank account, follow these steps:

  1. Log in to your Independent Reserve account.
  2. On your dashboard, click Deposit.
  3. Click Deposit
  4. Select TT as your deposit method.
  5. Log in to your DBS banking app to add Independent Reserve as a payee to your bank account. Follow the prompts of your banking app to enter our banking details.
  6. Click I made a transfer once you have completed the funds transfer on your banking app.

Note: You will incur a USD 2.50 fee for USD despots from DBS bank account.
For a full list of fees, visit www.independentreserve.com/sg/fees.

How to link your bank account on Independent Reserve

You must link your bank account(s) before you make any deposits or withdrawals of Singapore dollars (SGD) or US dollars (USD) using FAST or SWIFT. You may follow the same steps for linking your account on the Independent Reserve mobile app.

  1. Log in to your Independent Reserve account.
  2. Click on your username, then click Settings. 
  3. Click on Connected Accounts tab.
  4. Then click Add bank account.
  5. Select either SGD Bank Account (FAST/MEPS Transfers) for SGD deposits and withdrawals or SWIFT Bank Account for USD deposits and withdrawals.

Link a bank account to make USD deposits and withdrawals

  1. Select the country and USD from the respective dropdown menus.
  2. Provide the information in the respective fields.
  3. Click Save.

Once you have successfully added your bank accounts, they will appear on the Connected Accounts tab.  You may link multiple bank accounts.

Link a bank account to make SGD deposits and withdrawals

  1. Select the bank from the drop-down menu.
  2. Add in your bank account number.
  3. Type in the Account Holder’s name. Please note that the bank account name must match your Independent Reserve account’s name.
  4. The beneficiary address will be automatically filled based on the address you provided when you registered for the account.
  5. Click Save.